Dubai International Financial Centre (DIFC), the leading global financial centre in the Middle East, Africa and South Asia (MEASA) region, has continued to attract exceptional interest from financial technology firms, making FinTech the Centre’s fastest growing sector. Client growth continues to be strong across all sectors, however, interest from FinTechs in the Centre has outpaced […]

SAMA announces the issuance of the Open Banking Framework as one of the key outputs of the Open Banking Program, which includes a comprehensive set of legislation, regulatory guidelines and technical standards based on international best practices to enable banks and fintechs to provide open banking services in the Kingdom. The first version of the […]

The Social Loan Company announces its transformative TLSC Platform Services will go live in Africa in Q1 2023 through two game-changing partnerships in Nigeria to improve financial inclusion in the region. Deepak H. Saluja, Co-Founder & Group CEO at TSLC, said: “Financial exclusion negatively impacts the lives of over 50% of adults in Africa. Despite massive […]

Pakistan’s largest telecommunication and ICT services provider, PTCL Group signed an agreement with the Network of Organizations Working for People with Disabilities Pakistan (NOWPDP) and Deaftawk to launch the third cohort of its flagship skill training program, Justuju for professional development of persons with disabilities (PWDs). For the 3rd cohort, the program duration has been extended from six weeks […]

According to official data, Orange Money mobile wallet is now the number 1 in terms of the number of open wallets by exceeding 700,000 opened wallets. Orange Money is also the first in the number of financial transactions performed, and therefore the largest of payment service providers (PSP) in the Kingdom. These figures were accomplished […]

The Bahrain Institute of Banking and Finance (BIBF), the region’s premier training and development provider, has recently participated in a panel discussion titled “FinTech in Bahrain”, which was held as part of GITEX Dubai 2022, the largest technology exhibition in the world. The BIBF was represented by its Chief Operating Officer, Mr. Ahmed Naeemi, who […]

Micro, Small and Medium Enterprises (MSMEs) in Kenya will now be able to access working capital financing and a wide range of other business solutions following today’s launch of Solv in Kenya. In addition to providing access to multiple financial institutions, the full-stack platform promises to be a growth partner, one that empowers businesses by […]

Being near to completing one year since its launch, the ‘Sarsabz Pakistan’ mobile app has garnered immense popularity and attention amongst the Pakistani farmers’ community. The app recently marked a record number of more than one hundred thousand downloads in a short time span of ten months, making it the country’s fastest-growing mobile app within […]

Standard Chartered and the Hong Kong Trade Development Council (HKTDC) released the “GBA Business Confidence Index” (GBAI) for the third quarter of 2022. It shows that the current performance for “business confidence” weakened for a fifth straight quarter in Q3 to 41.3 from 43.3 in Q2, reflecting a more challenging reality as both external (rising […]

Invest Hong Kong of the Hong Kong Special Administrative Region will launch a series of themed seminars to provide foreign companies and business chambers with the latest updates about the city’s dynamic business environment, enduring global hub status and business opportunities arising from growing ties with the Mainland. As part of the official celebrations of […]