BENEFIT, a leading fintech company in Bahrain, has announced that it had processed 261.2 million transactions through the Electronic Fund Transfer System (EFTS) in the first half of 2026, up 7.6% when compared to last year, with the total value surging by 6.1% to BD19.3 billion ($51.2 billion).
Soor, a Bahrain-based insurtech platform, has secured a new investment from Spring, a venture studio and ecosystem builder backed by London-based global investment firm Salica and Al Waha Fund, that will enable it to accelerate its growth and product development.
Skyro, a digital-first consumer finance platform based in Bahrain, is expanding into Saudi Arabia and has appointed former Mastercard executive Maria Medvedeva as the regional managing director. In this role, she will oversee Skyro's market entry in Saudi Arabia and its broader expansion across the region.
Money20/20 Middle East, the region's home for the global money ecosystem, will return to Riyadh from September 14–16, bringing together regulators, financial institutions, fintech innovators, investors and technology leaders.
Mastercard today announced that Yasemin Bedir has been appointed President of the company’s Eastern Europe, Middle East and Africa (EEMEA) region, effective September 1.
Emirates NBD, a leading banking group in the Middle East, North Africa, and Türkiye (MENAT) region, and Techstars, one of the world’s leading startup accelerators, have announced a partnership to drive AI and FinTech innovation in the region.
For years, fintech has promised to transform the way we manage money. We've built budgeting apps, investment platforms and digital banks that have made finance more accessible than ever before.
Bahrain's leading mobile wallet for digital financial transactions stc pay has announced a strategic partnership with Payment International Enterprise (PIE), a fintech and payment solutions provider, to enable stc pay QR payments on PIE Point of Sale devices across the kingdom.
BENEFIT, a leading fintech company in Bahrain, has rolled out a new enhancement to BenefitPay app, in line with the directives of CBB, enabling users to view their QR code directly from its homepage. The added functionality helps streamline transfers and payment collection for its customers.
The Middle East recorded sustained merger and acquisition (M&A) activity in the first quarter with 196 deals valued at $23.3 billion being announced compared to 207 deals worth $31.3 billion last year. UAE accounted for 33 transactions valued at $2.2 billion, down from 52 deals in Q1 2025, said a report.
