MENA

Mastercard and Fundbot Team to Speed B2B Payment Flows
Mastercard and Fundbot Team to Speed B2B Payment Flows
November 21, 2024  |  B2B Payments

Mastercard has joined forces with Fundbot, a United Arab Emirates (UAE)-based supply chain financing FinTech. The collaboration, announced in a news release Thursday (Nov. 21),...

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Bahrain’s AI Push in Middle East Could Serve as Model for Region, Experts Say
Bahrain’s AI Push in Middle East Could Serve as Model for Region, Experts Say
September 23, 2024  |  Artificial Intelligence

Bahrain, an archipelago nation of 1.5 million people, is emerging as an unlikely leader in the artificial intelligence race in the Middle East. Bahrain’s push...

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AI’s Language Leaps May Speak to Business Frontier’s Shift
AI’s Language Leaps May Speak to Business Frontier’s Shift
September 12, 2024  |  artificial intelligence

New research is shedding light on how artificial intelligence language models handle multiple languages, a capability with potential implications for global commerce. African tech firms...

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Paymob Raises $22 Million to Expand in Egypt and GCC Countries
Paymob Raises $22 Million to Expand in Egypt and GCC Countries
September 11, 2024  |  Investments

Financial services enabler Paymob raised another $22 million to expand its offering in its core market of Egypt and its newer markets in Gulf Cooperation...

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Mastercard to Provide Payment Processing to Saudi Startup Barq
Mastercard to Provide Payment Processing to Saudi Startup Barq
September 06, 2024  |  Partnerships

Saudi financial services startup barq will leverage Mastercard Gateway technology to expand the range of payment acceptance solutions it offers to merchants and consumers. The startup’s partnership...

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Tarabut Acquires Vyne as New Open Banking Rules Come Online
Tarabut Acquires Vyne as New Open Banking Rules Come Online
September 03, 2024  |  Acquisitions

Open banking platform Tarabut has acquired British account-to-account (A2A) business payments platform Vyne. The deal, announced Tuesday (Sept. 3), is designed to strengthen Tarabut’s ability to offer faster and more...

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Cartona Raises $8.1 Million to Expand B2B Platform Across MENA
Cartona Raises $8.1 Million to Expand B2B Platform Across MENA
August 05, 2024  |  B2B Payments

Cartona has raised $8.1 million in a Series A extension fundraise to continue growing the product rollout, verticals and offerings of its B2B platform for businesses...

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Mastercard and Network International Launch Business Payment Solutions in UAE
Mastercard and Network International Launch Business Payment Solutions in UAE
July 11, 2024  |  B2B Payments

Network International has introduced new Business Payment Solutions for companies in the United Arab Emirates (UAE). These solutions were launched in partnership with Mastercard and include card...

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Mastercard and LuLu Collaborate on Cardless Payments
Mastercard and LuLu Collaborate on Cardless Payments
July 05, 2024  |  Payment Methods

Mastercard is expanding its partnership with Dubai-based retail conglomerate LuLu Group. The collaboration, announced Friday (July 5), will extend across the markets of Bahrain, Kuwait,...

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