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Payments underpin the experience and service Careem offers its customers. And, by choosing Checkout.com as one of its Payment Service Providers (PSP), Careem has a growth partner that enables them to overcome the complexity of the markets it operates in and move at speed to leverage new growth opportunities such as launching its mobile wallet, Careem Pay.

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The initiative supports the UAE Vision 2021 to build a competitive knowledge-based economy by developing local capabilities driven by sustained investment in education. It will become a catalyst for expanding and deepening Dubai and DIFC’s talent pool, whose acquired knowledge and skills will support the growth of more sustainable, inclusive societies and economies.

Another major VC firm has closed two major rounds, underscoring […]

With its partnerships already spanning across the region, Tarabut Gateway welcomed the recent news of the Saudi Central Bank’s (SAMA) directive to implement a Kingdom-wide policy on Open Banking, in line with the vision and strategic objectives of the Financial Sector Development Program. Bahrain was the first country in the region to outline an Open Banking Policy and Framework.

The partnerships will ensure a first-class customer experience through the provision of innovative digital payment solutions including a spending account and contactless cards and will enable a range of seamless payment experiences.

The round was joined by international and regional investors including JIMCO, Target Global, Wamda, DIFC FinTech Fund, March Holding (which has been backing FlexxPay since its seed round), Arzan VC, SuknaVentures, Nuwa Capital and VentureSouq.