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.
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.
Sarwa, one of the GCC’s leading investment and personal finance platforms, has announced that it has crossed $1 billion in client assets, becoming the first UAE-founded FinTech platform to reach this milestone. Founded in the DIFC, Sarwa was an early mover shaping the region’s FinTech sector.
The UAE continues to strengthen its position as one of the world’s leading centres in the financial technology (FinTech) sector led by its two main hubs - Dubai International Financial Centre (DIFC) and Abu Dhabi Global Market (ADGM) - and its market is poised to hit $5.71 billion by 2029, said a report.
Global telecom major Ericsson and Mastercard have announced a collaboration to reshape how money moves across the world. It is aimed at empowering telecom service providers, banks, and fintechs to expand digital wallet capabilities and reach unbanked or underbanked communities.
BENEFIT, the Kingdom’s innovator and leading company in Fintech and electronic financial transactions service, has announced the launch of a Digital Direct Debit service through its BenefitPay app, thus expanding the kingdom’s push toward cashless payments.
The Bahrain Association of Banks (BAB) and BENEFIT, the leading fintech and electronic financial transactions service provider in the kingdom, held a strategic meeting to review the company’s corporate strategy for 2025–2027, in a move aimed at accelerating digital transformation across Bahrain’s financial sector.
Dubai Chambers has signed memorandums of understanding (MoUs) with four specialised FinTech companies as part of its efforts in providing the business community with access to advanced and alternative banking services.
