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The partnership reaffirms Mashreq's commitment to supporting the UAE's expanding FinTech sector, partnering with innovators and entrepreneurs to improve the entire customer experience at every touchpoint. Touché, a certified Oracle solution headquartered in Singapore with offices in Barcelona, Tokyo, and Dubai, offers four modules for full-service and quick-service businesses: Order@Table, Pay@Table, Benefit@Table, RoomChange@Table and Order&Pay.

“The transaction demonstrates the confidence of banking partners, both old and new, in AFC’s strong credit risk profile and broadening global appeal in the capital markets,” said Banji Fehintola, Senior Director & Treasurer at AFC.

With 88% of UAE brands, and 87% of MENA brands, changing their customer experience in response to pandemic, regional brands understand that they need to prioritize digital experiences, especially for Millennials and Generation Z customers.

Hundred, the new free-to-use mobile app, solves this dilemma allowing users to view and access different discounts and offers, personalised based on their bank cards and preferences.

Amazon announced the launch of Amazon Payment Services, a payment processing service in the MENA region with a mission to empower businesses with simple, affordable, and trusted online payment experiences. The newly launched Amazon Payment Services provides secure online payment services that are easy-to-use, leveraging Amazon scalable and reliable technologies.

UAE Technology Think Tank recommends more incentives to drive investment […]

Nium will be extending its uniquely diversified payment infrastructure offering for large enterprises, as well as banks and financial institutions in the Middle East. This move also seeks to enable Nium to more effectively provide ground support for its existing and growing client base in the region such as Mashreq Bank.

30 per cent of applications were from UAE based firms, demonstrating a strong pipeline of financial technology talent within the Emirates. 46 per cent came from the MENA region and 24 per cent were received from global firms.

DIFC and Startupbootcamp Dubai facilitate an annual intensive three-month growth programme to support the business growth of start-ups and prepare them for operations and future scaling.

Despite UAE’s entrepreneurial drive, the delays experienced by startups were cited as due to stringent documentation processes and lengthy KYC procedures that differ from bank to bank. These are key areas that Hub71 and partners aim to help solve for startups across the UAE.