Saudi Arabia

Blockchain & Crypto

Crypto Grows in Africa and MENA as Shield Against Inflation

Bitcoin remains the most dominant cryptocurrency in Sub-Saharan Africa, while rising inflation makes Turkey the fourth country worldwide in raw crypto transaction volume rating.


Riyad Bank Integrates E-Invoicing ZATCA Enabled by SunTec Xelerate

Riyad Bank, one of the largest financial institutions in Saudi Arabia, integrated the Zakat, Tax and Customs Authority (ZATCA) solution for e-invoicing, deployed on SunTec Xelerate platform


Hala Acquires

Saudi fintech company Hala announced the purchase of a payment startup from the UAE

Fintech & Ecommerce

RegTech Konsentus Launches in Saudi Arabia

Open Ecosystem RegTech provider, Konsentus, launches in its first MENA regional market – Saudi Arabia – to offer open data infrastructure and technology services to regulators and FS providers

Fintech & Ecommerce

Saudi Arabia Central Bank Launches CBDC Experiment

Saudi Central Bank continues CBDC experimentations, currently focusing on domestic wholesale of CBDC in collaboration with local banks and fintechs.

Finance & Economics

Are Startups Going Out of Fashion?

Tech startups across the globe are now facing a massive drain of funding from the segment. The total number of startups has also significantly declined. Why does it happen, and what to expect next?


Saudi Arabia Presents Open Banking Framework

Saudi Central Bank (SAMA) launches its Open Banking initiative to support innovation in the Kingdom’s financial sector


Where do global governments stand on the CBDC issue?

Many countries have explored and tested national digital currencies. Yet, it doesn’t mean they are going to implement them. Read how national opinions on CBDC have changed over time

Fintech & Ecommerce

JCB is now accepted in the Kingdom of Saudi Arabia

Bank AlJazira has partnered with JCB International to launch JCB acceptance through its POS and ATM network devices deployed in the Kingdom of Saudi Arabia. A partnership that complements the role played by Saudi Payments role to enhance the payments landscape in the kingdom through the enablement of international payment schemes to operate in KSA […]

Fintech & Ecommerce

MoneyGram to enable cross-border money transfers from Saudi Arabia

MoneyGram is scaling its digital business across the Middle East region

Fintech & Ecommerce

4 out of 5 consumers worldwide would use biometric payment card

The survey shows that many consumers are willing to use biometrics technology for payments

Society & Lifestyle

Top countries leading in COVID-19 recovery revealed: GlobalData

Analysts expect a strong global economic recovery in the second half of 2021


Mastercard pushes instant payments in Saudi Arabia

This milestone is expected to improve the Kingdom’s financial ecosystem


Mastercard teamed up with one more Saudi fintech

The partnership with Mastercard is in line with Vision 2030

Fintech & Ecommerce

Saudi fintech raised over $1M in funding

Hakbah, which was incorporated in 2018, is building another savings platform


Saudi Arabia is set to develop AI-powered city

The development project will diversify Saudi Arabia’s oil industry, which is mainly dependent on oil