Middle East news and trends

Paymentology and Audax Partner on Cards-as-a-Service Solution
Partnerships // May 15, 2024

Paymentology and Audax Financial Technology have partnered to enable financial institutions in Southeast Asia and the Middle East to launch and manage their own branded card program. With the Cards-as-a-Service (CaaS) solution enabled by this partnership, financial institutions can launch a program in a matter of...

Visa Teams With Dubai’s MoneyHash on Digital Payment Security
Partnerships // May 08, 2024

Dubai-based payments firm MoneyHash launched a partnership with Visa. The collaboration is designed to offer secure digital payments for MoneyHash’s clientele in the Middle East/North Africa (MENA) region, who rely on the company’s payments orchestration and revenue operations platform, according to a Wednesday (May 8) press release. “Working with Visa enables...

Report: US Looks to Forge AI Partnerships With UAE
artificial intelligence // April 21, 2024

The White House reportedly wants U.S. artificial intelligence (AI) companies to form partnerships in the United Arab Emirates (UAE). By launching operations in the UAE, the U.S. could build an alliance that would give it an advantage over China in the race to develop new...

PayPal Ventures Backs Hyperlocal Marketing Firm SingleInterface
Investments // April 04, 2024

India-based “hyperlocal marketing-to-commerce” firm SingleInterface raised $40 million in new funding. The funding round was led by Asia Partners, with participation by PayPal Ventures, according to a Thursday (April 4) press release. Founded by entrepreneurs Tarun Sobhani and Harish Bahl, the company works with brands in India, Southeast Asia and the Middle East to...

Interviews & Exclusives
How Did Saudi Arabia and Kenya Dodge VC Funding Slowdown?

December 23, 2022
After reaching new heights in 2021, VC funding in EMEA slowed sharply in 2022. While final full-year tallies are not settled yet, data from the first three quarters suggests that startups in Europe, the Middle East and Africa (EMEA) have clearly felt the chill of a funding winter, despite a relatively robust first half. In […]

Banking License Puts Profitability Within Reach for UAE Neobanks

October 03, 2022
If the Middle East was late to the neobank party, the United Arab Emirates, at least, is making strides toward the future of digital banking. In an interview with Jayesh...

Cloud Kitchen Softwares Help MENA Restaurants Optimize Costs, Expand Reach

May 12, 2022
Operating — and growing — a restaurant business in the Middle East and North Africa (MENA) region comes at a steep cost, resulting in shrinking margins for restaurant owners and...

Report: Helping Online Merchants Comply With The Middle East’s New Payments Regs

September 28, 2020
 Banks, businesses and consumers fundamentally altered how they interacted with each other in the early months of the COVID-19 pandemic — and regulators tasked with making sure their data and...

Quick Reads
Mastercard and LuLu Collaborate on Cardless Payments

July 05, 2024
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, Oman, Qatar, the United Arab Emirates and newly-added Saudi Arabia, integrating Mastercard’s expertise into Lulu Group’s operation. “The partnership will introduce revamped features and benefits, such as digital in-store transactions […]

Paymentology and Audax Partner on Cards-as-a-Service Solution

May 15, 2024
Paymentology and Audax Financial Technology have partnered to enable financial institutions in Southeast Asia and the Middle East to launch and manage their own branded card program. With the Cards-as-a-Service (CaaS)...

Visa Teams With Dubai’s MoneyHash on Digital Payment Security

May 08, 2024
Dubai-based payments firm MoneyHash launched a partnership with Visa. The collaboration is designed to offer secure digital payments for MoneyHash’s clientele in the Middle East/North Africa (MENA) region, who rely on the company’s payments orchestration and...

Report: US Looks to Forge AI Partnerships With UAE

April 21, 2024
The White House reportedly wants U.S. artificial intelligence (AI) companies to form partnerships in the United Arab Emirates (UAE). By launching operations in the UAE, the U.S. could build an...