There’s an old story, possibly apocryphal, where F. Scott Fitzgerald tells Ernest Hemingway: The rich are different from you and me. Replies Hemingway: “Yeah, they have more money.” The exchange springs to mind as buy now, pay later (BNPL) sweeps the globe, and is finding...
Tabby, a buy now, pay later (BNPL) platform based in Riyadh, has raised $200 million in its Series D funding round, achieving a valuation of $1.5 billion. This has made Tabby the first FinTech unicorn in the region, the firm said in a Wednesday (Nov....
Kuwait has outlawed the use of cryptocurrency in payments or investments to prevent money laundering. Regulations unveiled earlier this week by the country’s Capital Markets Authority (CMA) place an “absolute prohibition” on the use of digital currencies in making payments, and come amid a worldwide wave of regulations...
The Central Bank of Kuwait (CBK) announced that it has allowed a new buy now, pay later (BNPL) product to begin testing with volunteer customers and merchants before launching in the market. The test is to take place within CBK’s Regulatory Sandbox — a “safe...
September 22, 2024
Sovereign wealth funds have reportedly become major players in the artificial intelligence (AI) funding race. Countries such as Saudi Arabia, Kuwait and the United Arab Emirates (UAE) are turning to AI projects as a way to diversify their economies, CNBC reported Sunday (Sept. 22). In the last year, funding for AI firms from these oil-rich […]
November 01, 2023
Tabby, a buy now, pay later (BNPL) platform based in Riyadh, has raised $200 million in its Series D funding round, achieving a valuation of $1.5 billion. This has made...
July 20, 2023
Kuwait has outlawed the use of cryptocurrency in payments or investments to prevent money laundering. Regulations unveiled earlier this week by the country’s Capital Markets Authority (CMA) place an “absolute prohibition” on the...
October 24, 2022
The Central Bank of Kuwait (CBK) announced that it has allowed a new buy now, pay later (BNPL) product to begin testing with volunteer customers and merchants before launching in...
