fintech

Saudi Arabia saw a 14 percent annual increase in remittances by expatriates in April, with the total amount reaching SR11.35 billion ($3.03 billion), the latest data showed. Meanwhile, payments from Saudis, which constitute 30 percent of…
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Fintech companies continue to expand in Saudi Arabia, with the nation increasingly becoming a magnet for financial technology. UAE-based Fortis is bringing its one-stop point of sale, customer relationship management, order management…
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Saudi businesses are set to gain access to new crowdfunding solutions as Hala Payments Co. has received licensing approval from the Kingdom’s central bank to offer debt-based products. The Saudi-based fintech platform offers inbound and…
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Saudi-based fintech Rasan Information Technology Co. is set to offer 22.74 million shares for an initial public offering on the Kingdom’s main market. The company, along with its subsidiaries, will list the shares, which represent 30…
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Saudi Arabia’s fintech sector has made significant strides as it nears its goal to become a regional financial hub, according to a report by Arthur D. Little. In its latest study titled “Realizing Potential of Fintech in Kingdom of Saudi…
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The Kuwaiti banking sector is poised for innovation as five new fintech firms have registered with the country’s central bank to offer electronic payment solutions. The registration requests of four companies to provide online…
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Aiming to establish itself as a regional financial hub, Saudi Arabia has sent out a compelling invitation to startups worldwide. The Kingdom’s push to enhance its fintech landscape has attracted the interest of MoneyHash, a US-based…
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Saudi startups continue to demonstrate a pioneering stance by capturing almost half of the region’s total venture funding in the first quarter of the year, underscoring the Kingdom’s growing influence in the regional startup ecosystem.…
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The Kingdom’s leading mobile wallet, stc pay, has received approval from the Saudi Central Bank to proceed with its transformation into STC Bank. This beta launch will enable selected users to upgrade their accounts from an stc pay…
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Jordan-based fintech Numa will collaborate with Visa to fuel its expansion plans into Saudi Arabia, signifying the Kingdom’s financial sector embracing international expertise. Visa will be incorporating an investment to fuel Numa’s…
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