Connect with us


Crypto Trading Platform Rain Gets Faster, Direct Payments

The partnership with Tarabut Gateway is the first “directly integrated” open banking API in the MENA crypto sector.



crypto trading platform rain gets faster and direct payments

Tarabut Gateway, the largest open banking platform in the MENA region, has announced a new partnership with Rain, the region’s first fully-regulated crypto assets trading platform.

Rain is licensed by the Central Bank of Bahrain as a crypto broker and offers users a safe, secure space to buy and sell crypto and store their assets. Meanwhile, Tarabut Gateway provides connectivity for payments between banks and fintech, offering a smooth, fast payment process for end users.

The partnership is the first of its kind in the MENA region. It will help to bring about faster, lower-cost fiat-to-crypto transfers to end-users in Bahrain, enabling direct payments from bank accounts without the need to leave Rain’s platform.

abdulla almoayed founder and ceo of tarabut gateway

“We’re delighted to unveil a solution to make fiat-to-crypto transfers quicker, more secure, and cost-effective. Our partnership with Rain is a perfect cross-sector synergy, made possible by Bahrain’s advanced open banking ecosystem,” says Abdulla Almoayed, Founder and CEO of Tarabut Gateway.

Also Read: Best Data Recovery Services In The Middle East

The new payment method utilizes Tarabut Gateway’s open banking solution to facilitate fiat-crypto-fiat transfers, reducing errors and unlocking significantly increased transfer speeds compared to traditional bank services. The upgrade is part of Rain’s strategy to provide users with a premium, seamless crypto wallet experience.

“Through quick and efficient deposit mechanisms, crypto traders on Rain’s platform will now be able to seamlessly fund their accounts and capitalize on market movements,” says Joseph Dallago, Chief Executive Officer of Rain.

The partnership comes as MENA’s crypto sector expands at a breakneck pace. According to Chainalysis, the region is the world’s fastest-growing crypto market, with trading volumes climbing nearly 50% in the year to June 2022.


📢 Get Exclusive Monthly Articles, Updates & Tech Tips Right In Your Inbox!


Click to comment

Leave a Reply

Your email address will not be published. Required fields are marked *


PowerSchool Launches Arab Version Of Its EdTech Platform

The cloud-based solution is now available to Middle Eastern users, helping schools with administrative, communication, and classroom workflows.



powerschool launches arab version of its edtech platform

PowerSchool, a leading cloud-based education software provider, today announced the launch of newly translated and localized solutions for the UAE and wider Gulf Coast and Middle East region.

Native-Arabic speaking educators will now be able to accomplish critical administrative, communication and classroom workflows using newly-updated Arabic translations, as well as access a right-to-left oriented interface, Hijri calendar overlay, and more.

PowerSchool’s platform is able to log student records and create reports in their native language, while teachers can now create enhanced, personalized lessons for their students and digital forms for parents.

powerschool edtech arabic interface

Finally, PowerSchool’s multi-language AI-powered assistant is also in development, and the company plans to launch the tool in the Middle East in the near future.

“With the UAE and other GCC countries prioritizing digital transformation in education, we are pleased to announce the availability of our educational and operational products in Arabic,” revealed Stewart Monk, Senior Vice President & General Manager, International at PowerSchool. “This also aligns with our commitment to provide mission-critical support to education leaders to provide personalized learning for students globally”.

Also Read: Top Free AI Chatbots Available In The Middle East

Along with the launch of a new Dubai office in 2023, PowerSchool seems highly invested in localized Arabic products. The latest announcement from the company strongly signals its commitment to the Middle East and GCC, and comes after the publication of its 2024 Education Focus Report, which takes a deep dive into the region’s education trends and developments.

“PowerSchool’s commitment to providing Arabic localization across its products reflects an understanding of their diverse user base and their commitment to inclusivity,” explained Mohammed Essam, PowerSchool Lead at ESOL Education. “This investment can lead to closer collaboration with educational institutions in the Middle East, fostering innovation and progress in the education sector. Overall, this is a promising direction that could benefit both PowerSchool and the educational community in the region”.

Continue Reading