Banking & Finance

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

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...

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....

Emirates Islamic and Visa renew long-term strategic partnership agreement

Emirates Islamic and Visa announced the renewal of their partnership with a multiyear agreement. The extension of their long-term partnership underscores their shared values...

Crypto.com and Mastercard partners to scale the digital payments industry in GCC

Crypto.com has secured a principal licence with Mastercard, enabling the company to directly issue cards on Mastercard’s network. Crypto.com will launch a card in...

WATCH: Backbase -ENGAGE Dubai 2024 Highlights

https://youtu.be/N_kD1mRID3k MEA Finance Magazine was present to cover the annual Backbase ENGAGE Dubai 2024 last November 19-21. Starting with an evening reception at the 25...

NBF launches NBF Qollect to provide real time customer payments

The National Bank of Fujairah (NBF) has announced the launch of NBF Qollect, a new Point of Sale (POS) application which delivers seamless, secure,...

Magnati partners with Aafaq Islamic Finance to support SMEs with Embedded Financial Solutions

Magnati, a leading payment solution provider in the Middle East, has partnered with Aafaq Islamic Finance, an innovative digital Islamic finance provider, to launch...

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