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The demand for innovative and secure digital commerce solutions has accelerated, requiring Fintechs to evolve and grow faster than ever due to the onset of the COVID-19 pandemic. Working alongside startups, financial companies and leading payments technology companies such as Visa will ensure we can address these challenges and innovate new solutions that will drive financial inclusion across the GCC region.

It simplifies payments and diversifies revenue streams for all kinds of UAE businesses, including pharmacy chains with existing payment systems – any PayBy merchant can create a payment link on POS to send to their customers.

“Through Start Path, Mastercard creates a springboard for fintech companies that are driving a more inclusive digital economy and helps them accelerate the way they change the world,” said Amy Neale, senior VP, Fintech & Enablers.

DIFC continues to be a catalyst for innovation in the region by investing in businesses that can help transform the finance industry. We are therefore delighted to announce investment from DIFC’s FinTech Fund in Clara.

Fintech can no longer be dismissed as a fad but is a part of billions of peoples’ lives – ‘fintech for all rather than the few’. However, there is a significant gap between major players and the next generation of innovators in terms of funding that needs to be addressed to keep the industry moving forward with new ideas.

At Mamo, everything we do begins with an authentic human connection. Always with trust, traceability, and transparency at the top of the agenda, we’re empowering users, through our Mamo Pay app, with a simpler, faster, friendlier way to send and receive money instantly. With human principles driving everything we do, our ambition is to add value, strengthen the financial ecosystem.

The Global Finance recognises DIFC FinTech Hive’s work in FinTech innovation and markes on the list of the World’s Best Innovation Labs in 2021. This accolade is a testament of commitment in bringing together best partners, best minds and best technologies under one roof to drive forward the digital revolution, not just in Dubai, but across the wider region.

The Amazon Fintech Lab has been designed with the specific intention of supporting innovation in fintech through networking and collaborating with DIFC’s community of SMEs, financial institutions and start-ups throughout an ongoing program of events during which different stakeholders and teams will be hosted in a variety of forums to discuss the different payment pain-points .

The consumer finance industry is fast-growing across the Middle East, so it’s not a surprise to see demand for mobile apps increasing .With marketing being a primary driver of installs, and the amount spent on increases, UAE FinTech marketers to continue rising.

The Bahrain Supernova will see some of the financial institutions in Bahrain presenting real market challenges aimed at finding customer-centric solutions. Innovators and fintech startups will have access to an API sandbox with +330 APIs and simulated data sets from local and regional banks to enable rapid and seamless proof of concepts (PoCs).