Browsing: UAE fintech

The UAE is set to launch a Dirham-backed stablecoin through a joint initiative by IHC, ADQ, and First Abu Dhabi Bank (FAB), pending regulatory approval. The new digital currency will be issued by FAB under the oversight of the Central Bank of the UAE (CBUAE).

The Central Bank of the United Arab Emirates (CBUAE) has revealed plans to introduce a retail central bank digital currency (CBDC), known as the digital dirham, in the final quarter of 2025.

HyperPay, a leading digital payment solutions provider, has introduced HyperTap, a secure ‘Tap on Phone’…

Crypto.com, a global cryptocurrency exchange, has joined forces with Tawasal Al Khaleej, a UAE-based AI…

Hubpay, a leading UAE-based cross-border payments platform, has partnered with Aquanow, a global digital asset…

Careem Pay, the fintech arm of the Careem Everything App, has expanded its international remittance service, introducing 18 new European corridors to improve cross-border money transfers for UAE residents.

Mastercard and Tamara, a leading GCC-based fintech platform, have partnered to introduce a virtual card…

The UAE has unveiled Jaywan, its first national domestic payment card scheme, developed by Al Etihad Payments under the Central Bank of the UAE. This landmark initiative aims to revolutionize the nation’s payment infrastructure, reduce dependency on international networks, and position the UAE as a global leader in fintech innovation.

Hitesh Asarpota, CEO of Emirates NBD Capital, highlighted the strategic importance of the investment in LoanBook, stating that their loan syndication and agency team would work closely with LoanBook to address inefficiencies within the current loan market structure.

Visa has launched a new “flexible credential” payment feature across the US and UAE markets,…