Manama, Bahrain – BENEFIT, Bahrain’s innovator and leading company in Fintech and electronic financial transactions service, has signed a Memorandum of Understanding with haifin, an e& enterprise company (part of e&) from the UAE. This partnership is set to revolutionize Bahrain’s banking sector by fostering innovation, and enhancing financial resilience across the industry. With a proven […]
barq Holding, the parent company of barq Financial, has officially launched its barq Digital Wallet in Pakistan as part of its international expansion strategy. The move aims to enhance digital payment solutions and promote financial inclusion in the region. The launch follows the remarkable success of the barq Financial app in Saudi Arabia, where it […]
Manama, Kingdom of Bahrain – BENEFIT, the Kingdom’s innovator and leading company in Fintech and electronic financial transactions service, announced that it reached a total volume of 421 million for all electronic fund transfer transactions (Fawri, Fawri+, and Fawateer) through BenefitPay in the year 2024. This signifies a significant 22% increase in transaction volume compared to the […]
Simplified Financial Solutions Company (“SiFi”), an affiliate of SiFi AlHulul Almubassatah, a Saudi Arabian EMI-licensed entity, has successfully completed the acquisition of Neya Technologies, a Dubai-based B2B expense management platform. Founded in 2023, Neya Technologies had been operating in stealth mode prior to this acquisition. With this strategic move, SiFi reinforces its mission to simplify […]
Foodics, the award-winning restaurant and payment technology company, has chosen MoneyHash, the region’s leading payment orchestration and revenue operations platform, to increase operational efficiency for restaurants and food service businesses across the MEA region. Foodics leads by driving innovation and empowering food and beverage (F&B) businesses to thrive in a constantly evolving market and over […]
Mr. Abdullah bin Sulaiman Al Rajhi, Chairman of the Board of Directors of alrajhi bank, announced that the bank achieved net profits of 19,722 million Saudi Riyals for the year 2024, reflecting a growth rate of 19% compared to 16,621 million Riyals in 2023. Total operating income reached 32,055 million SAR, with a growth of […]
STC Bank, a subsidiary of state-owned Saudi Telecom Company (stc Group), is set to launch operations as a full-fledged digital bank in the kingdom. The Saudi Central Bank (SAMA) has granted “no objection” for STC Bank to offer digital banking services to customers in the Gulf state. Formerly known as stc pay that mainly offered […]
23rd January 2025, Riyadh, Saudi Arabia – Saudi Fransi Capital (BSF Capital), a leading Capital Markets Institution in Saudi Arabia, announced it is partnering with BlackRock, the world’s largest Asset Management firm.The collaboration aims to integrate BSF Capital’s deep local insights and market knowledge leveraging BlackRock’s global expertise in Asset Management and Investment Advisory services. […]
Riyadh, Saudi Arabia: Cenomi Centers, the leading owner, operator and developer of retail lifestyle destinations in Saudi Arabia, is pleased to announce a strategic partnership with Visa, a world leader in digital payments. This collaboration is set to transform Cenomi’s loyalty program, offering customers unparalleled offers, benefits and exceptional experiences. Under the partnership, Cenomi Centers will […]
The Saudi Central Bank (SAMA) has officially granted a license to Nama United Financing Company, enabling it to offer a range of financial services, including real estate finance, production assets finance, SME finance, finance leasing, and consumer finance. This move marks a significant milestone in Saudi Arabia’s financial ecosystem, increasing the total number of finance […]