Fintech
Bank of Singapore Highlights Dubai and Asian Wealth Hub Ties
Bank of Singapore CEO Jason Moo outlined the complementary roles of Dubai and Asian hubs, noting rising capital flows and automated client onboarding systems.
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PRYPCO Expands Digital Real Estate Payments with Checkout.com
PRYPCO achieved a 20 percent increase in payment acceptance rates after deploying Checkout.com acquiring tools and tokenization technology across its platforms.
Mastercard and Enjaz Partner to Introduce New Card Products in Saudi Arabia
Mastercard and Enjaz have launched new card products and digital payment solutions in Saudi Arabia to support consumers, travelers, and businesses.
PayTabs Group Signs MOU to Acquire SAMA-Licensed SeaPay
PayTabs Group has signed an MOU to acquire 100% of SAMA-licensed SeaPay from Arab Sea Information Systems Company, targeting USD 100 billion in annual payment volume by 2030.
Paymentology Appoints Sultan Alabdullatif as Country Manager for Saudi Arabia
Paymentology named Sultan Alabdullatif as its Country Manager for Saudi Arabia to lead local operations, partnerships, and issuer processing services.
Mashreq Pilots IBM Bob to Accelerate Integration Engineering with Agentic AI
Mashreq is piloting IBM Bob to explore agentic AI in integration engineering, cutting design and troubleshooting time by up to 70 percent.
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Mambu and Mastercard Collaborate to Connect Core Banking with Global Money Movement
Mambu has integrated Mastercard Move into its core banking platform to simplify international money transfers for financial institutions.
NEOPAY Agrees to Acquire 65% Controlling Stake in noon payments
NEOPAY has signed a definitive agreement to acquire a 65% stake in noon payments, expanding operations across the UAE, Saudi Arabia, and Egypt.
Mastercard and Tamatem Partner to Expand Gaming Payments Across MENA
Mastercard and publisher Tamatem have teamed up to process digital transactions for Tamatem Plus across 13 Middle Eastern and African markets.
Beltone and Amtaar Partner on EGP 2 Billion Real Estate Investment Fund
Beltone Asset Management and Amtaar Capital have partnered to launch a real estate investment fund targeting EGP 2 billion in issuances.
Apple Pay Launches in India with Initial Axis Bank Support
Apple Pay has launched in India with Axis Bank credit card support, expanding the payment platform to 101 countries worldwide.
Saudi ICT Deals, Policy Updates, and Tech Launches for Week 40
A weekly overview of Saudi tech investments, regulatory policies, enterprise deals, and newly launched applications across multiple sectors.
Checkout.com Integrates Jaywan into UAE Acquiring Platform
Checkout.com has integrated the UAE domestic card scheme Jaywan into its merchant acquiring platform, enabling automated local routing.
Mashreq and Citi Complete Live Cross-Border Payment Pilot via Swift Blockchain Ledger
Mashreq and Citi completed a live cross-border transaction using Swift’s blockchain ledger infrastructure, enabling continuous 24/7 corporate payments.
Citi Expands Token Services for Institutional Clients to UAE and Japan
Citi has expanded its tokenized deposit and liquidity service into the UAE and Japan, enabling 24/7 institutional cross-border multi-currency transactions.
Silverflow and Hypergate Partner on Cloud Payment Infrastructure
Silverflow and Hypergate have launched an integrated cloud-native payment infrastructure to speed up merchant onboarding and streamline card acquiring.
SAMA Announces Tap to Pay on iPhone Launch in Saudi Arabia
SAMA announced that Tap to Pay on iPhone will soon arrive in Saudi Arabia, allowing businesses to accept mada and contactless payments directly.
Paymob Secures $35 Million in Pre-Series C Funding Round Co-Led by Mubadala and EBRD
Paymob has raised $35 million in a Pre-Series C round co-led by Mubadala and EBRD to expand payment services across MENA markets.
Geidea Expands Digital Payment Capabilities in Saudi Arabia With New Accreditations
Geidea secured National Payment Gateway accreditation and MPoC certification while preparing Tap to Pay on iPhone for merchants across Saudi Arabia.
PIF Launches Tawrid Platform to Deliver Supply Chain Financing in Saudi Arabia
PIF has launched Tawrid Company for Financing Solutions to provide digital supply-chain financing products to Saudi companies under a SAMA sandbox permit.