- 2021 MENAP Payments report -eCommerce - techxmedia releases 2021 MENAP Payments report, as eCommerce demand continues to rise

The eCommerce market in MENAP is growing at an exponential rate, according to the report. In 2020, 47% of customers predicted that they would buy online more regularly in the coming year. In 2021, about 83 percent of respondents indicate they’ll keep or even increase their present level of eCommerce spending through 2022, indicating a permanent shift in consumer behavior.

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Dalal-Buhejji - -Executive-Director - ivestment Origination - Bahrain’s-EDB - New open banking platform - Aion Digital - techxmedia

New open banking platform from Aion Digital to transform $11 billion open banking sector

Ashar Nazim, MD of Spire Technologies, said that “changing the way banks and fintechs run their businesses. With the aim of achieving an Open Economy, all business and customers alike will see the benefits from services like this. We thank the CBB and the Economic Development Board for their continued support in Bahrain’s Regulatory Sandbox.”

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Udrive- Founder - Hasib Khan - techxmedia

Udrive envisions a new era of mobility in UAE & boards prominent investors

Nicholas Watson, Managing Director said, “Our technology stack and SaaS platform have allowed us to scale our fleet of cars, customers, and trip counts five times faster than traditional market players. With our new strategic investors, we now have unfettered access to invaluable experience in regional market dynamics, FinTech, and mobility—a perfect combination for where we are heading.”

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