Latest News Hot off the Press

February 25, 2020

The fintech says it wants to improve its customer offering and strive towards profitability in 2020

Revolut's co-founders: CTO Vlad Yatsenko and CEO Nik Storonsky ( Revolut )

London-based fintech Revolut has raised £387 million ($500 million) at a £4.2 billion ($5.5 billion) valuation, making it one of the highest valued financial tech companies in the world.

The company launched in 2015 by...

February 25, 2020

Tencent Holdings, the company that developed mobile payment app WeChat Pay, has teamed up with Network International to allow for the service to be available across the United Arab Emirates, according to a release on Monday (Feb 24).

Network is the leading enabler of commerce that’s digitally based, through the Middle East and Africa.

WeChat Pay is a payment service that comes with WeChat, one of the...

February 18, 2020

Organized by the College of Banking and Financial Studies in collaboration with Bank Nizwa.

Muscat: In an exclusive collaboration between the College of Banking and Financial Studies and Bank Nizwa, the 1st Oman Islamic Finance Youth Forum under the theme ‘The New Age (FinTech) Islamic Finance and the Youth of Oman’ was concluded. The event highlighted how FinTech can boost and grow the Islamic fina...

Dubai-headquartered Marshal, established in 1981, is the largest and oldest enabler of payment technology in the Middle East.

Hisham Alrayes, CEO of GFH.

Bahrain-based GFH Financial Group (GFH) on Tuesday announced the acquisition of a 70 percent stake in Marshal, a pan-MENA Fintech company.

The acquisition was made through its investment banking arm, GFH Capital.

Dubai-headquartered Marshal, establish...

February 5, 2020

Mode, a financial services firm backed by Twitter co-founder Biz Stone, has rolled out its Bitcoin (BTC) banking app on iOS devices.

The British company made its app available globally, with the exception of the United States, fintech-focused media outlet Finextra reported on Feb. 4. Customers can start using the app with as much as £50 ($65) and buy Bitcoin with bank cards or through a bank transfe...

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