Tabby, a buy now, pay later (BNPL) platform based in Riyadh, has raised $200 million in its Series D funding round, achieving a valuation of $1.5 billion. This has made Tabby the first FinTech unicorn in the region, the firm said in a Wednesday (Nov....
Kuwait has outlawed the use of cryptocurrency in payments or investments to prevent money laundering. Regulations unveiled earlier this week by the country’s Capital Markets Authority (CMA) place an “absolute prohibition” on the use of digital currencies in making payments, and come amid a worldwide wave of regulations...
The Central Bank of Kuwait (CBK) announced that it has allowed a new buy now, pay later (BNPL) product to begin testing with volunteer customers and merchants before launching in the market. The test is to take place within CBK’s Regulatory Sandbox — a “safe...
In this third installment of the PYMNTS series on the state of FinTech innovation in the Gulf Cooperation Council (GCC) countries, we turn our attention to the State of Kuwait, one of the wealthiest countries in the world by gross national income per capita, according...
November 01, 2023
Tabby, a buy now, pay later (BNPL) platform based in Riyadh, has raised $200 million in its Series D funding round, achieving a valuation of $1.5 billion. This has made Tabby the first FinTech unicorn in the region, the firm said in a Wednesday (Nov. 1) post on LinkedIn. “Tabby set out with a purpose to reshape […]
July 20, 2023
Kuwait has outlawed the use of cryptocurrency in payments or investments to prevent money laundering. Regulations unveiled earlier this week by the country’s Capital Markets Authority (CMA) place an “absolute prohibition” on the...
October 24, 2022
The Central Bank of Kuwait (CBK) announced that it has allowed a new buy now, pay later (BNPL) product to begin testing with volunteer customers and merchants before launching in...
January 05, 2017
ACI Worldwide, a provider of real-time electronic payment and banking company, announced Wednesday (Jan. 4) that it expanded its relationship with the Shared Electronic Banking Services Company (KNET) in Kuwait...
