D360 Bank, the innovative Saudi Shariah-compliant digital bank, has announced that it has reached more than one million customers within the first four months of its official launch, setting a new global benchmark in digital banking adoption. This milestone underscores the growing demand for seamless and secure digital financial solutions in Saudi Arabia. Since beginning […]
Riyadh, Saudi Arabia: Mastercard has launched its Cyber Resilience Center, an initiative that brings together key players from the financial sector to foster collaboration and support shared goals in building a secure commerce and payment ecosystem in the Kingdom. This is Mastercard’s first initiative in Middle East, extending the company’s global network of cyber resilience centers […]
UPESI Money Transfer, one of Africa’s leading remittance service providers, has announced the appointment of Mr. Fareed Jillani as Head of Marketing for the Middle East and Europe. This strategic move comes as the company intensifies its efforts to expand its footprint across key international markets. Fareed Jillani is also the CEO of UAE-based Lejion Media, a prominent […]
Riyadh, Kingdom of Saudi Arabia – May 19, 2025 – The Saudi Industrial Investment Fund Company, in partnership with Lendo, one of the Kingdom’s leading Shariah-compliant debt crowdfunding platforms, has launched an innovative investment program worth up to SAR 200 million. The initiative aims to provide fast, sustainable, and controlled working capital financing for small […]
Oman: In a key step for Oman’s growing fintech landscape, AmwalPay has officially announced its integration with Shopify, becoming the first Omani payment gateway licensed by the Central Bank of Oman to be directly available for Shopify merchants. Through this integration, merchants in Oman can now activate AmwalPay as a payment provider on their Shopify stores — […]
Riyadh – Franklin Templeton Financial Company (FTFC) and PIF today signed a non-binding memorandum of understanding (MoU) to partner in investing up to $5 billion to further develop Saudi Arabia’s financial markets. These investments may range across Saudi equity and fixed income strategies in the public and private markets, aiming to broaden investment offerings for both […]
Riyadh, Saudi Arabia – Hassana Investment Company (Hassana) and Franklin Templeton Financial Company (Franklin Templeton) have signed a Memorandum of Understanding (MoU) valued at USD 150 million to explore a strategic partnership related to investments in Saudi private credit opportunities. The partnership reflects a shared vision to mobilize institutional capital into the Saudi private sector and […]
Manama, Bahrain:: ila Bank, powered by Bank ABC, has partnered with Mastercard to enhance the bank’s proposition across consumer products, launching new affluent, travel products and loyalty offerings. ila Bank will leverage Mastercard’s expertise to introduce loyalty program that supports cardholders’ lifestyle, providing added value across a wide range of areas, including dining, luxury shopping, […]
The Mastercard Center for Inclusive Growth and the Bahrain’s Labour Fund (Tamkeen) today announced a strategic partnership to explore the launch of the first Mastercard Strive program in the Middle East, aimed at advancing financial and digital readiness for Small and Medium Enterprises (SMEs) in Bahrain. This landmark collaboration seeks to empower Bahraini SMEs and […]
Riyadh, Saudi Arabia — The Saudi Central Bank (SAMA) has officially granted a license to Nayla Finance to operate in the field of microfinance, marking another step in the Kingdom’s efforts to expand and strengthen its financial sector. With this addition, the total number of licensed financing companies in Saudi Arabia has reached 66. The move […]