saudi arabia

Jahez’s Billion-Dollar IPO Boosts Venture Capital Investment in Saudi Firms
Jahez’s Billion-Dollar IPO Boosts Venture Capital Investment in Saudi Firms
January 05, 2022  |  IPO

In a much-anticipated move, Saudi food delivery firm Jahez became the first Saudi tech startup to list on a public exchange, bringing its market capitalization...

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ekar Brings Car-Sharing Service to Saudi Arabia
ekar Brings Car-Sharing Service to Saudi Arabia
December 27, 2021  |  International

The UAE-based car-sharing service ekar is expanding into Saudi Arabia.  As The National reported Monday (Dec. 27), the partnership will involve some of Saudi Arabia’s...

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MoneyGram, urpay Partner on Saudi Arabia Payments 
MoneyGram, urpay Partner on Saudi Arabia Payments 
December 02, 2021  |  Partnerships

MoneyGram International announced Thursday (Dec. 2) is working with the digital wallet provider urpay to power cross-border payments from Saudi Arabia.  The partnership, expected to...

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Saudi Food Delivery Platform Jahez to Go Public 
Saudi Food Delivery Platform Jahez to Go Public 
December 01, 2021  |  IPO

Saudi-based food delivery startup Jahez is readying its initial public offering (IPO) on the Saudi stock exchange, according to a Wednesday (Dec. 1) press release. ...

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Saudi Central Bank Says Country’s Contactless Payments Adoption Is 94%
Saudi Central Bank Says Country’s Contactless Payments Adoption Is 94%
October 03, 2021  |  International

The Saudi Central Bank (SAMA) has seen the biggest rate of adoption of contactless payments in the Middle East and North Africa and ahead of...

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Saudi Security Firm Elm Looks At $2 Billion IPO
Saudi Security Firm Elm Looks At $2 Billion IPO
May 10, 2021  |  IPO

Elm, the digital security firm owned by Saudi Arabia’s sovereign wealth fund, is exploring a roughly $2 billion initial public offering (IPO). That’s according to...

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Today In Payments Around The World: Tamara Lands $110 Million; Tribal Credit Raises $34.3 Million
Today In Payments Around The World: Tamara Lands $110 Million; Tribal Credit Raises $34.3 Million
April 22, 2021  |  International

In today’s top payments news around the world, Checkout.com is leading a $110 million funding round for Tamara, while Tribal Credit landed $34.3 million in...

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Payment Rail Competition Heats Up
Payment Rail Competition Heats Up
April 22, 2021  |  B2B Payments

ACH volume hit new records in the year’s first quarter, driven in part by a surge in B2B payments adoption. But as this week’s Payment...

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Saudi Payments Teams With IBM, Mastercard To Launch Instant Payments
Saudi Payments Teams With IBM, Mastercard To Launch Instant Payments
April 21, 2021  |  Faster Payments

Saudi Arabia’s Saudi Payments Network is teaming up with IBM and Mastercard to launch instant payments in the kingdom. The country’s new instant payments system —...

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