Nearly two-thirds of GCC banking customers would be prepared to move to a digital only bank, according to latest findings from EY.
Emerging tech for seamless transactions on focus in Dubai
The Middle East region is going through an exciting phase, with the UAE claiming 15th rank in the Euromonitor International’s Digital Consumer Index 2017 and highest among emerging markets, underlining the government’s commitment to transforming the society and the industries digitally and seamlessly for the future.
MENA FinTech market to attract $2 billion in deals
The current MENA fintech market is estimated at $2 billion and expected to witness an annual growth of $125 million until 2022, according to MENA Research Partners (MRP).
DIFC’s FinTech ecosystem strengthens regional position
The Dubai International Financial Centre, DIFC, has announced developments in its FinTech ecosystem that further strengthen its position as Middle …
Mastercard lays out five-year roadmap for contactless payments
Mastercard has announced an initiative to create greater payment consistency by making “tap and go” standard in the next five years.
DIFC inks deal to develop tech for VC ecosystem
Dubai International Financial Centre (DIFC) has signed a Memorandum of Understanding with Middle East Venture Partners (MEVP) to facilitate exchange of information on the latest trends in the finance industry, with a focus on the FinTech field.
Oman moves one step closer to a cashless society
Oman is expanding its initiatives focused on financial technologies with the upcoming launch of the Sultanate’s first comprehensive e-payment platform.
Consortium created to protect fintech innovations
A consortium focused on improving cybersecurity of fintech companies has been created by the World Economic Forum.
Bahrain’s new fintech hub opens for business
Bahrain has officially launched its new fintech hub as it aims to become the Gulf region’s centre for financial technology.
Dubai users can now easily split bills via social media
Liv., the lifestyle digital bank by Emirates NBD, has announced two new features within its mobile app, allowing customers to instantly split bills with friends and family, and tag their expenses according to personalised categories.