Riyadh, Saudi Arabia – October 23, 2024 – Mastercard has announced the launch of a world-class technology infrastructure in Saudi Arabia, designed to enhance the processing of e-commerce transactions locally. This significant development promises to deliver a seamless and secure payment experience for Mastercard partners and consumers, supporting the Kingdom’s digital commerce acceleration. Under the […]
Riyadh, Saudi Arabia – The Saudi National Bank (SNB) has reported a 3.91% year-on-year (YoY) increase in net profit, reaching SAR 15.63 billion during the first nine months of 2024, compared to SAR 15.04 billion in the same period last year, according to the bank’s interim financial statements. Earnings per share (EPS) for the nine-month […]
Riyadh, Saudi Arabia – HALA Payments, a fintech leader in SME banking, has been inducted into the prestigious Saudi Unicorns Programme. Founded in 2018 by Esam Alnahdi and Maher Loubieh, HALA is on a mission to empower micro, small, and medium enterprises (MSMEs) and freelancers, enabling them to start, manage, and grow their businesses seamlessly. […]
Riyadh, Saudi Arabia — The Saudi Central Bank (SAMA) has announced the release of updated regulations for debt-based crowdfunding, marking a significant step forward in the Kingdom’s efforts to enhance its financial ecosystem and foster the growth of the FinTech industry. This latest move reflects SAMA’s commitment to regulating debt-based crowdfunding platforms while continuing to […]
October 17, 2024 | Dubai, United Arab Emirates: Mastercard has partnered with noon Payments, one of the leading payment service providers in the Middle East and North Africa (MENA), to bring its innovative Payment Passkey Service to the region. The service will initially launch in the United Arab Emirates (UAE), with plans for a broader […]
Riyadh, Saudi Arabia – In a strategic move to foster the development of national talent in the securities sector, the Financial Academy has signed a Memorandum of Understanding (MoU) with Al Rajhi Capital. This partnership aims to promote continuous professional training, develop leaders and professionals, and qualify fresh graduates in the industry. Through this collaboration, […]
Manama, Bahrain – Arab Financial Services (AFS), a leading digital payment solutions provider in the region, has announced a strategic partnership with Zand, the UAE’s first fully licensed all-digital bank. This collaboration aims to accelerate the growth of Fintechs and emerging financial players by providing them with access to AFS’s state-of-the-art payment processing services and […]
Riyadh, Saudi Arabia – October 2024 – Nana, a leading provider of digital shopping solutions in the Kingdom of Saudi Arabia, has announced the acquisition of the “Rasseed” application, a platform specializing in simplifying the purchase of branded and local gift cards. This strategic acquisition marks a significant step forward in Nana’s expansion plan, aligning […]
Dubai-based Metric has announced a strategic partnership with Saudi Arabia’s Spare, aimed at bringing cutting-edge financial automation and intelligence to businesses across the Kingdom. This collaboration promises to transform the way businesses in Saudi Arabia manage their financial operations, providing them with secure, real-time access to critical financial data. By joining forces, Metric and Spare […]
Jeel, a leading Saudi fintech company supported by Riyad Bank, is thrilled to announce the appointment of George Harrak as its new Chief Executive Officer. A renowned transformational leader, George brings over 20 years of experience in driving business strategy, innovation, and operational transformation across the global banking and ICT sectors. In his distinguished career, […]