Jordan’s Association of Banks has launched FinApp.jo, the country’s first Financial Awareness Platform, to improve financial literacy and inclusion. The platform, developed with the Central Bank of Jordan and local institutions, focuses on banking, financial literacy, entrepreneurship, and fintech to promote responsible financial behavior and economic growth.
The funding will support Pemo’s expansion into new markets within the GCC, including Saudi Arabia.
Jordan’s digital payments have skyrocketed to 19.2 billion dinars in just eight months, a 54% increase from last year, driven by popular platforms like “Click,” “Jumobi,” and “eFAWATEERcom.” This surge reflects a significant shift towards digital financial solutions in the country.
Du, also known as Emirates Integrated Telecommunications Company (EITC), has received licences from the UAE Central Bank to offer digital financial services. This move positions Du at the forefront of the fintech sector, supporting the UAE’s vision for innovation and financial inclusion, and enabling the company to provide secure, customer-centric financial solutions.
Kem, Kuwait’s fast-growing P2P payment app, has received a $3 million investment from Tether to boost regional adoption of USD₮. This partnership aims to enhance digital financial services in the Gulf, supporting economic stability and broadening access to financial systems for underserved businesses and individuals.
Tether has invested $3 million in Kuwait’s Kem App to expand digital financial services in the Middle East. This partnership aims to boost regional adoption of USD₮ and enhance access to decentralized finance. The collaboration marks a significant step in transitioning the Gulf region into a digital cash economy, promoting financial inclusion and stability.
The National Bank of Fujairah (NBF) has partnered with Intellect Global Transaction Banking (iGTB) to enhance its digital banking capabilities through cloud-managed services. This collaboration, featuring the eMACH.ai Digital Transaction Banking solution, marks a significant advancement in the UAE’s digital transaction banking landscape, enabling NBF to offer innovative, cloud-powered services to its clients.
ICAEW and UAE Banks Federation have partnered to guide companies through the UAE’s evolving digital assets landscape, with a focus on Central Bank Digital Currencies (CBDCs). The collaboration emphasizes the UAE’s leadership in financial innovation, the importance of cybersecurity, and the need for standardized accounting practices to ensure secure, compliant digital integration.
