fintech

UAE launches region’s first Finfluencer license to regulate digital financial content

The SCA has waived fees for three years to promote financial innovation within a robust framework

Mastercard launches cyber resilience center to enhance digital security in Saudi Arabia

Three pillars focus on education, best practices, and risk assessments to boost cyber defenses 

Dubai Finance, DIFC partner to advance cashless strategy through governance, innovation 

Partnership includes workshops to implement best practices for a cashless economy across Dubai

Visa and Whish Money partner to elevate digital payment solutions across Lebanon, international markets

The collaboration enables Whish Money to integrate Visa’s advanced payment technologies for improved services

UAE MoHRE, ADIB launch instant digital wallet for corporate payments

Corporate customers can now make instant payments for MoHRE services through the new wallet 

UAE tech startups funding surges 865 percent to $872 million in Q1 2025

Late-stage funding drove the overall funding surge, with $760 million raised in Q1 2025

Dubai ranks 5th globally for FinTech for the first time: Global Financial Center Index

Dubai was the only financial city in the region to rank in the top 15 for global competitiveness across multiple categories

RTA’s nol system upgrade: 40 percent complete, enhancing Dubai’s transport future

The new system allows account creation, linking nol cards to wallets, and QR code ticket purchases

Saudi Central Bank permits 4 fintech startups to operate under Regulatory Sandbox

This highlights SAMA’s ongoing commitment to advancing the Saudi fintech sector, promoting financial inclusion and innovation

STC Bank to launch full banking operations in Saudi Arabia: SAMA

STC Bank will provide several financial products and solutions that will contribute to elevating banking services

Saudi Arabia achieves record 178 venture capital deals in 2024, retains top rank in MENA region

E-commerce dominated with 33 percent of total funding with a value of $247 million