MENA

The UAE’s Increasing Role as a Regional FinTech Hub
The UAE’s Increasing Role as a Regional FinTech Hub
June 15, 2022  |  Fintech Investments

Home to two booming international financial centers — emirates Abu Dhabi and Dubai — the United Arab Emirates (UAE), the third-largest economy in the Arab...

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Qashio Debuts First UAE Corporate Card and Spend Management Offering
Qashio Debuts First UAE Corporate Card and Spend Management Offering
June 15, 2022  |  Spend Management

Dubai-based FinTech Qashio is expanding expense management resources and software for B2B transactions across the region with what it said is the first corporate expense...

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PayCargo Raises $130M for Global Expansion
PayCargo Raises $130M for Global Expansion
June 15, 2022  |  B2B Payments

Logistics payments firm PayCargo raised $130 million in a Series C funding round from a single investor, Blackstone Growth, to further the startup’s global expansion...

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Today in B2B: World Innovation Lab Raises $1B; Cash-On-Delivery Reliance Slows P2P Payments Adoption
Today in B2B: World Innovation Lab Raises $1B; Cash-On-Delivery Reliance Slows P2P Payments Adoption
June 14, 2022  |  B2B Payments

Today in B2B payments, payments data allows B2B sales forces to personalize their pitches. Plus, Pakistani eCommerce startup Dastgyr raises a country-record $37 million in...

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Today in FinTech: Margin Calls; Instant Wages, Digital Africa, Network Tokenization, Investment Screenings
Today in FinTech: Margin Calls; Instant Wages, Digital Africa, Network Tokenization, Investment Screenings
June 14, 2022  |  Fintech Investments

In today’s FinTech news, margin calls are on the rise as bitcoin and other cryptocurrencies fall, meanwhile digital payments in Africa are expanding further across...

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Legacy Cash-On-Delivery Process Hinders Growth of MENA P2P Payments
Legacy Cash-On-Delivery Process Hinders Growth of MENA P2P Payments
June 14, 2022  |  B2B Payments

Peer-to-peer (P2P) payments like Venmo, PayPal and Cash App have risen in popularity in recent years, providing rapid, convenient solutions that enable customers to send...

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BOE: UK Banks Need to Show They Can Fail ‘Safely’
BOE: UK Banks Need to Show They Can Fail ‘Safely’
June 10, 2022  |  emea

Three of the U.K.’s biggest lenders need to do more to show they could fail without harming customers and taxpayers, the Bank of England (BOE)...

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Morocco’s Chari Buys Retail App Diago
Morocco’s Chari Buys Retail App Diago
June 10, 2022  |  Acquisitions

Moroccan B2B eCommerce platform Chari has acquired Diago, a retail app based and operating in the Ivory Coast city of Abidjan. As Magnitt reported Friday...

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Today in the Connected Economy: Google Investing $1.2B in LatAm
Today in the Connected Economy: Google Investing $1.2B in LatAm
June 09, 2022  |  Connected Economy

Today in the connected economy, Google makes a five-year, $1.2 billion commitment to Latin America that includes building the longest underwater cable in the world....

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