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 […]
The RHQ in Riyadh will provide strategic, administrative and corporate services for BNY in the Middle East. RIYADH – The Bank of New York Mellon Corporation (“BNY”) (NYSE: BK), a global financial services company, today announced it has been granted a regional headquarters (“RHQ”) license by the Ministry of Investments in Saudi Arabia (“MISA”). The RHQ […]
Riyadh, Saudi Arabia – The Saudi Central Bank (SAMA) has officially granted a license to Tamawal® to operate as a Finance Aggregation Services provider, marking a significant milestone in the Kingdom’s efforts to enhance innovation and inclusivity within the financial sector. With this latest approval, Tamawal becomes the sixth licensed company authorized to offer finance […]
Riyadh, Saudi Arabia: Pemo, the all-in-one spend management platform, has officially launched in Saudi Arabia, offering cutting-edge financial solutions to businesses of all sizes across the Kingdom. Backed by $19 million in funding from global investors, the MENA-grown FinTech company will provide smart corporate and virtual cards, automated receipt collection, and AI-driven accounting to streamline expense […]
EU/UAE/Global – After making waves across industries from smart tech R&D and manufacturing to cutting-edge fintech solutions, Sanso Technologies has announced the launch of its most ambitious innovation yet: SansoPay – a revolutionary digital payment platform set to redefine how the world sends, receives, and manages money. Backed by over two decades of technological leadership, Sanso Technologies, led by its […]