- One of the world's biggest Fintech Accelerators,
Visa
Everywhere has opened up for applications! The Visa Everywhere Initiative (VEI) empowers?#fintechentrepreneurs to showcase ground-breaking solutions in the world of payments and commerce. Click here to apply
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Lucidity Insights
has produced a handy infographic showing the rapid growth in the fintech ecosystem in Saudi Arabia showing that there are nearly 150 licensed fintechs in the Kingdom. See the full graphic here
- Buy-now-pay-later (BNPL) has surged in popularity lately, allowing shoppers to spread the cost of expensive items. These fintechs have driven the biggest change in the payments sector in recent times, however, this has not been a smooth ride with concerns around a lack of regulation and the potential for a consumer debt bubble. The list includes MENA powerhouses Tabby and Tamara - see the full list here.
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Network International
announced the expansion of mobile wallets via their gateway. They've announced the addition of African wallet acceptance in the UAE through an agreement with TerraPay.
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Mondaq
has produced a detailed article explores how E-wallets have gained widespread adoption due to their ability to store multiple payment methods, enable peer-to-peer transactions, and facilitate mobile payments. Both UAE and KSA have seen prolific growth in the digital?#payments?landscape in recent years.?
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Telr
is one the most established payment gateways across the Middle East - listen to their CEO?Khalil Alami take you behind the scenes of Telr's journey, their growth and success on The First 100 Podcast.
- The Central Bank of Egypt (CBE) has endorsed the rules regulating the coding services of payment cards via mobile apps, to enable contactless payments through apps such as Apple Pay, Google Pay and Samsung Pay.
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Worldpay
from
FIS
will continue to build its footprint as a leading global acquirer, its?merchant business will be expanding its payment processing capabilities into the United Arab Emirates this year. Worldpay?has secured a category II payment services license that allows for card acquiring and disbursements. Read article here
