Tabby Acquires Saudi Mobile Wallet Tweeq to Broaden Financial Services
Tabby, a leading buy now, pay later platform, has acquired Saudi-based mobile wallet Tweeq.
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Barq Rapidly Gains Traction with Over 1 Million Users in Three Weeks
Barq, a Saudi fintech led by Ahmed Alenazi, has garnered over 1 million users in just three weeks following its public debut. Licensed by SAMA, the startup offers extensive features including digital personal accounts, Visa cards, and international money transfers, rapidly positioning itself as a major player in the fintech sector.
Bitpanda Technology Solutions Partners with CoinMENA to Enhance Crypto Asset Trading in the MENA Region
Bitpanda Technology Solutions has partnered with CoinMENA to enhance crypto asset trading in the MENA region. This collaboration will improve trading efficiency on CoinMENA’s platform and expand the range of crypto assets available to users. Both companies will work closely with regulators to ensure compliance and deliver a seamless trading experience.
Riyadh Air Partners with noon Payments to Enhance Digital Payment Experience
Riyadh Air, Saudi Arabia’s new airline, has partnered with noon Payments to offer secure and efficient digital payment solutions. This collaboration enhances the travel experience by providing multiple payment options and industry-leading features, reflecting Riyadh Air’s commitment to innovation and supporting Saudi Arabia’s broader economic and technological goals.
UAE’s Jaywan Payment Platform Set for Full Rollout with Support from Banks, e& UAE, and du
The UAE’s new Jaywan payment platform, backed by Al Etihad Payments, is set for a full rollout in Q4-2024, offering lower-cost debit and prepaid card options. Supported by banks, e& UAE, and du, Jaywan aims to provide significant savings and tailored rewards for UAE consumers, enhancing both online and in-store payment experiences.
Klumi Ventures and Fuze Partner to Accelerate Web3 Adoption in the UAE
Klumi Ventures and Fuze have partnered to bridge traditional finance with digital assets in the UAE. This collaboration aims to accelerate Web3 adoption by enhancing cross-border payments, offering educational initiatives, and developing new digital asset solutions. The partnership aligns with Abu Dhabi’s Vision 2030 and is set to transform the region’s financial landscape.
Barq: Rapidly Growing Saudi Fintech Start-up Revolutionizes Money Transfers
Saudi fintech start-up Barq has quickly gained traction since its launch, offering a financial app for global money transfers and Visa cards with various perks. With over $133 million transferred and 1 million users onboarded, Barq is revolutionizing the fintech landscape in the region.
stc pay Partners with LMRA to Enhance Onboarding Experience for New Expatriates in Bahrain
stc pay has partnered with Bahrain’s LMRA to enhance the onboarding experience for expatriates by providing an IBAN linked to the stc pay wallet. This initiative simplifies wage payments, supports Bahrain’s digital transformation, and safeguards worker rights, making the Kingdom a top destination for expatriates and businesses.
Kuwaiti FinTech Kem Secures $3 Million Investment from Tether to Boost P2P Payments in the Gulf
Kuwaiti FinTech Kem has secured a $3 million investment from digital asset leader Tether to enhance P2P payments in the Gulf. The funds will drive the regional adoption of USD₮ and expand Kem’s real-time payment services, supporting economic stability in the Middle East and reflecting a growing trend towards digital financial frameworks.
Mamun Crowd Financing Surpasses RO1 Million in Sharia’a-Compliant Funding, Fueling Oman’s Economic Growth
Omani fintech startup Mamun Crowd Financing has surpassed RO1 million in Sharia’a-compliant funding within a year of its launch. The platform supports various sectors in Oman by connecting investors with businesses in need of financing. Mamun plans to expand its offerings with new investment products, continuing to fuel economic growth.
