Zoho, a leading global technology company, and areeba, a leading payment processing service provider in the Middle East, today announced a strategic partnership agreement aimed at fast-tracking digital transformation of businesses across the region. The MoU was signed in a ceremony at Seamless Dubai 2025 by Prem Anand Velumani, Associate Director, Strategic Alliances, Zoho Middle…
Forbes Middle East has revealed its annual Fintech 50 list, recognizing the region’s leading trailblazers in the digital financial services sector as they navigate shifting consumer expectations in an increasingly digital landscape. The ranked companies have collectively processed over $240 billion in transactions and secured more than $3.8 billion in total funding. The ranking was…
The Financial Secretary of the Hong Kong Special Administrative Region (HKSAR) government Paul Chan has recently stated that fintech cooperation between Hong Kong and the Middle East region will enter a new milestone. Chan said in his blog that he will lead a business delegation consisting of representatives from the financial and innovation sectors to…
The gargantuan rise of the fintech industry continues to spearhead transformation within the electronic payments sector, with a profusion of mobile wallets and payment systems offering staggered, interest-free settlements hitting the market. The shift towards non-cash payments is accelerating regionwide. By 2027, most payments in Saudi Arabia are expected to be electronic, with real-time payments…
Although Middle Eastern countries have been considered cash-forward economies, with the majority of residents using local fiat currencies to complete transactions and conduct trade, and although in some countries, cash is still considered to be the dominant form of payment, other advanced economic centers are changing their direction. As the advancement of digital payments and…
The Middle East and North Africa (MENA) region is becoming a global contender in the cryptocurrency world, securing the seventh-largest spot in the market by 2024. With $338.7 billion in on-chain value received between July 2023 and June 2024, MENA accounts for 7.5 per cent of the world’s total transaction volume. Although the market lags…
Egypt-based Paymob, the financial services enabler in the MENA region, has announced a $22 million Series B extension round, bringing the company’s total Series B funding to $72 million. EBRD Venture Capital led the extension round, which also saw participation from Endeavor Catalyst and existing investors BII, A15, Helios Digital Ventures, and Nclude. The GCC…
Barq, a pioneering FinTech startup from Saudi Arabia, has joined forces with the global financial services giant, Mastercard. Barq is known for its innovative approach in the financial sector, offering a range of services designed to modernise and streamline payment processes for its clients. The partnership aims to empower Barq’s customers through Mastercard Gateway by…
The Middle East and North Africa (MENA) region is currently undergoing a significant transformation of its financial landscape, driven by rapid digitalisation and the development of innovative financial services. The region has its sights set on becoming a haven for the world’s most innovative fintech (financial technology) companies and has attracted capital and talent from…
When Saudi Arabia-based Tabby — one of the Middle East’s first fintech unicorns — announced it was acquiring startup Tweeq, it turned heads among venture capitalists eyeing investment opportunities in the kingdom. The deal, which will see Tabby buy the digital-wallet operator for an undisclosed sum, was viewed as fresh evidence that Saudi Arabia’s startup…
