MENA

Startups Embrace Business Resilience Just as VCs Demand It
Startups Embrace Business Resilience Just as VCs Demand It
December 29, 2022  |  Startups

Global economic volatility and recession risk test the business resilience of startups. But for firms in emerging markets across Africa and the Middle East, the...

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Open Banking Reform Drives Competition in Israeli Financial Services Sector
Open Banking Reform Drives Competition in Israeli Financial Services Sector
December 27, 2022  |  Bank Regulation

Six months after Israel’s open banking legislation came into effect, the field is taking shape. Like similar laws elsewhere, such as the EU’s second payment...

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Dubai Chamber of Commerce Launches FinTech Business Group 
Dubai Chamber of Commerce Launches FinTech Business Group 
December 27, 2022  |  Fintech Investments

The Dubai Chamber of Commerce has launched a new FinTech- and payments-focused business group. The aim of the group is to bring together companies in...

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Egypt’s Contact Wants to Boost Sustainability With ‘Green Finance’
Egypt’s Contact Wants to Boost Sustainability With ‘Green Finance’
December 26, 2022  |  Investments

Egyptian financial firm Contact wants to promote sustainability with a new product dubbed “Green Finance.” According to a Monday (Dec. 26) news release, the product...

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Fintech Galaxy Acquires Egyptian Open Banking Firm Underlie
Fintech Galaxy Acquires Egyptian Open Banking Firm Underlie
December 22, 2022  |  Acquisitions

Fintech Galaxy has acquired the Egyptian open banking platform Underlie for an undisclosed sum. The Dubai-based financial technology firm announced the acquisition in a press...

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Sustainable Supply Chain Finance Gains Traction in MENA
Sustainable Supply Chain Finance Gains Traction in MENA
December 19, 2022  |  Supply Chain

Supply chain financing is going green as businesses worldwide work toward their sustainability goals. The increasingly popular practice, known as “sustainable supply chain finance,” entails...

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FinTech-Powered Digital Financial Services Drive Small Business Growth
FinTech-Powered Digital Financial Services Drive Small Business Growth
December 15, 2022  |  emea

FinTechs are offering an alternative to cumbersome and risky corporate spending processes. And whether it’s freelancers or large enterprises, workers no longer have to go...

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65% of UAE Consumers Use Smartphones to Improve Shopping Experience
65% of UAE Consumers Use Smartphones to Improve Shopping Experience
December 08, 2022  |  emea

Most UAE consumers have their smartphones handy when shopping online or in-store. That finding comes from the 2022 Global Digital Shopping Index report, a PYMNTS...

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Pandemic Burst of Payment Options in Turkey Triggers Consolidation
Pandemic Burst of Payment Options in Turkey Triggers Consolidation
December 08, 2022  |  Payments Innovation

In Turkey, the proliferation of payment options has reduced consumers’ reliance on cash. In fact, similar to other countries, Turkey’s transition away from cash was...

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