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.
Saudi Arabia
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 Paymennt.com
Saudi fintech company Hala announced the purchase of a payment startup from the UAE Paymennt.com.
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
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.
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
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 […]
MoneyGram to enable cross-border money transfers from Saudi Arabia
MoneyGram is scaling its digital business across the Middle East region
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
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
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
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