MENA

DIFC Selects Tarabut Gateway for MENA’s First Open Finance Lab Partner 
DIFC Selects Tarabut Gateway for MENA’s First Open Finance Lab Partner 
June 28, 2022  |  Banking

The Dubai International Financial Centre (DIFC) has chosen the open banking platform Tarabut Gateway as the preferred technical platform partner for its new Open Finance...

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The Key to Solving MENA Banking Challenges Starts With Regulators
The Key to Solving MENA Banking Challenges Starts With Regulators
June 27, 2022  |  Banking

Card issuers might have it easy in regions like Europe and North America, but in the Middle East and North Africa (MENA) market, FinTechs have...

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Careem Boosts Food Delivery Space Footing With MUNCH:ON Acquisition
Careem Boosts Food Delivery Space Footing With MUNCH:ON Acquisition
June 24, 2022  |  Delivery

Careem, the Dubai-based ride-hailing company with operations in over 100 cities across the Middle East, Africa and South Asia has acquired the food delivery platform...

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Ghana FinTech Fido Raises $30M in Series A Round
Ghana FinTech Fido Raises $30M in Series A Round
June 22, 2022  |  Investments

Ghanaian FinTech Fido has raised $30 million in a funding round to boost the company’s efforts to develop financial technologies that can be used across...

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Saudi Arabian Home Appliance Maker Shaker Eyes 40% Stake in BNPL Firm Cashew Payments
Saudi Arabian Home Appliance Maker Shaker Eyes 40% Stake in BNPL Firm Cashew Payments
June 21, 2022  |  Investments

Al Hassan Ghazi Ibrahim Shaker Company, based in Saudi Arabia, has agreed to acquire a 40% stake in buy now, pay later (BNPL) firm Cashew...

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State of Open Banking in Europe, Africa and the Middle East
State of Open Banking in Europe, Africa and the Middle East
June 21, 2022  |  emea

Open Banking (OB) refers to the use of open-source technology and data-sharing in the delivery of financial services. The goals of a more open financial...

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4 Key Factors Creating Payments Friction Across MENA
4 Key Factors Creating Payments Friction Across MENA
June 19, 2022  |  Cross-border Payments

A report by the MENA Fintech Association (MFTA) analyzing the landscape of cross-border payments across the region has found that cost, speed, accessibility and transparency...

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Ascenda, BSF Team to Offer Banking Rewards in Middle East
Ascenda, BSF Team to Offer Banking Rewards in Middle East
June 17, 2022  |  Mena

Payments and banking rewards provider Ascenda has formed a partnership with Saudi Arabia’s Banque Saudi Fransi (BSF), the companies said in a news release Thursday...

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Tammeyah for Microfinance Services Buys French B2B Marketplace
Tammeyah for Microfinance Services Buys French B2B Marketplace
June 16, 2022  |  Acquisitions

Egyptian microfinance firm Tammeyah for Microfinance Services has completed its purchase of Fatura Netherlands N.V., a B2B marketplace, according to a Wednesday (June 15) press release....

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