As part of the continued efforts to provide seamless and secure payment methods and tools to pay government services fees in the Emirate, the Abu Dhabi government services ecosystem, TAMM has added PayBy to facilitate contactless payment through its strategic partner First Abu Dhabi Bank (FAB).

Dubai International Financial Centre (DIFC), the leading financial hub in the Middle East, Africa and South Asia (MEASA), has partnered with The Indus Entrepreneurs (TiE), the world’s largest non-profit entrepreneurial organisation, to help Indian FinTechs scale their businesses across the region. Throughout a two-day programme, DIFC met with 17 FinTech startups from Mumbai to understand their business models and provide tailored solutions to support their growth in fast-growing emerging markets. 

Dubai International Financial Centre (DIFC), the leading international financial hub in the Middle East, Africa and South Asia (MEASA) region, marks a significant milestone today having registered more than 100 FinTech firms in the Centre.

DIFC’s FinTech Hive revealed the launch of a new funding accelerator program for FinTech start-ups in the MEASA region.

Commercial Bank of Dubai has become the first banks in the region to use robo-advisory investment solution by launching the “CBD Investr app.” Developed in partnership with InvestSuite, a leading wealthtech company based in Belgium, this innovative investment app is powered by smart algorithms that actively manage investment portfolios to deliver optimal risk-adjusted performance.

Dubai has expressed its aspirations to become the next FinTech hub. The city has enjoyed decades of rapid growth - and has developed its infrastructure to become a key business center which has now firmly switched its focus towards the FinTech sector.

Acquisition extends the Entrust Datacard portfolio to include general purpose hardware security module offering that provides enhanced cloud, data security, compliance and payments capabilities.

HSBC UK Commercial Bank has announced its latest offering of a variety of ‘green’ finance services to help support businesses looking to meet their environmental and sustainability goals.

Huawei held their Global FSI Summit 2019 with its partners I Shanghai, China on Thursday where industry key players discussed the latest developments in FinTech.

The Saudi Central Bank (SAMA) announced the licensing of International Digital Solutions Company to provide electronic wallet service (electronic transfer and payment service) and Azm Fintech Company to provide payment services through (SADAD Bill Aggregation Services).

In line with the continuous growth and development of the Dubai International Financial Centre’s financial innovation ecosystem, the DIFC FinTech Hive, announced today the commencement of the 2019 edition of its accelerator programme.

With the aim of regulating the use of fintech technology, the UAE's Minister of Economy has announced a regulatory framework for fintech companies adopting experimental licenses to conduct their operations. Similar frameworks were introduced by Dubai International Financial Centre and Abu Dhabi Global Market over the last year.

The solution for user verification, developed in collaboration with Moscow fintechs VisionLabs and Smart Engines, is integrated into the mobile application of Emirates NBD, one of the largest banks in the UAE. 

In line with its aim to be among the world’s top 10 central banks, the UAE Central Bank (CBUAE) has set its priorities for 2023-2026, including the launch of a digital currency.

The Department of Economic Development (DED) in Dubai, and the world’s leader in digital payments, Visa (NYSE: V), today launched ‘Stay Secure,’ a consumer education campaign that aims to promote safe digital payment (card and mobile) practices among UAE consumers.