The open banking payments volume in the GCC is projected to quadruple to over $930 billion by 2028 from $230 billion in 2023 amidst all the member countries running real-time payment programmes
digital banking
Mashreq’s digital journey: Leading the mobile banking revolution in the Middle East
Leveraging its strong digital presence in the UAE, Mashreq is now scaling its retail digital offerings to global markets
Saudi Arabia approves licence for D360 digital bank
D360 Bank given approval to launch operations in Saudi Arabia
UAE leads the way for digital innovation in Middle East’s $3.2bn banking sector
The UAE’s willingness to adopt innovative banking practices such as blockchain adoption and AI put it at the forefront of Middle East banking
UAE’s Zand Bank partners with Paymentology to accelerate fintech growth
The collaboration focuses on expanding financial services for fintechs and startups, aiming to accelerate innovation and growth in the UAE
Emirates NBD partners Partior for cross-border payments
UAE bank also evaluating an equity investment in the company, known for their blockchain-based platform for clearing and settlement
UAE digital bank LIV revamps credit card with 4% cashback and lifestyle offers
UAE digital bank Liv introduces new cashback offerings on personal credit cards