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UAE’s Zand unveils digital asset custody service

The innovative offering positions Zand as the first UAE bank to provide institutional-grade digital asset custody services under its banking license

UAE payments revenue to reach $27.3 billion by 2028, BCG says

Transaction volumes in the UAE are projected to rise significantly, from 1.7 billion in 2023 to over 3.1 billion by 2028

ACI Worldwide Scamscope projects 43% increase in UAE APP scam losses for 2024, US$30 million expected by 2028

Authorized push payment (APP) scam losses are on the rise, expected to climb to US$7.6 billion by 2028 across six leading real-time payment markets...

Emirates NBD powers digital asset custody in the UAE through investment in Zodia Custody

Emirates NBD has invested in Zodia Custody, a prominent institution-first digital asset custodian. The strategic equity investment was made by Emirates NBD’s Innovation Fund, the...

Geidea and Mastercard partners to transform digital payments for SMEs in the UAE

Geidea partners with Mastercard. The collaboration is designed to accelerate digital payment adoption among small and medium-sized enterprises (SMEs) in the UAE by enabling...

Standard Chartered Global Private Bank expands frontline bankers by 20% in the UAE

Standard Chartered Global Private Bank announced the expansion of its frontline private banking team by 20% in the UAE. This move underscores the Bank’s...

Emirates NBD welcomes Chainlink to Digital Asset Lab

Emirates NBD announced a fifth council member of its Digital Asset Lab – Chainlink, the standard for onchain finance, verifiable data, and cross-chain interoperability....

AE Coin: UAE’s first-ever stablecoin receives final CBUAE license to launch

AE Coin has secured the final Central Bank of the UAE (CBUAE) license to launch, marking a significant milestone in the evolution of digital...

DIFC consolidates position as UAE’s top destination for Chinese financial institutions and multinational companies

Dubai International Financial Centre (DIFC), the leading global financial hub in the Middle East, Africa and South Asia (MEASA) region, has strengthened its position...

Wio Bank and KLAIM partners to unlock cash flow solutions for UAE healthcare providers

Klaim, an Abu Dhabi-based fintech company, and Wio Bank PJSC announces the launch of an innovative cash-flow solution for healthcare providers in the UAE....

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