fintech sector

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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Bahraini telco Batelco has expanded into the financial technology (fintech) sector, it was announced on Sunday. The company obtained the necessary licenses from the Central Bank of Bahrain (CBB) and the new entity, to be called Batelco…
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