The global trade finance gap now stands at an estimated $1.5 trillion, the Asian Development Bank has calculated, but banks and FinTechs have risen to the occasion. Collaborators and innovators have accelerated their development of innovative ways to digitize trade finance workflows, overcome inefficiencies and...
“Careem” is an Arabic word meaning, in part, “noble, admirable and praiseworthy.” In the case of Dubai-based ride-hailing and delivery platform Careem and its efforts to modernize payments in the Middle East North Africa (MENA) region, add “timely” to the list. The platform’s deal with...
July 13, 2020
“Careem” is an Arabic word meaning, in part, “noble, admirable and praiseworthy.” In the case of Dubai-based ride-hailing and delivery platform Careem and its efforts to modernize payments in the Middle East North Africa (MENA) region, add “timely” to the list. The platform’s deal with Visa to bring enhanced payments together with financial management tools […]
November 21, 2024
Mastercard has joined forces with Fundbot, a United Arab Emirates (UAE)-based supply chain financing FinTech. The collaboration, announced in a news release Thursday (Nov. 21), is designed to streamline business-to-business (B2B) payment flows via a new platform linking buyers and suppliers. “Rolled out initially in the UAE and Saudi Arabia, the innovative tech-driven solution will […]
