The duo plans to revolutionize financial savings in the Kingdom while revealing an extensive life insurance coverage plan for Hakbah members.
The startup will use the influx of cash to expand into Saudi Arabia and across the wider GCC while improving its product offering.
The fast-growing fintech is now officially able to issue prepaid Visa cards from its UAE base, paving the way for further international expansion.
The partnership solves the complexities of integrating various regional payment service providers into the global mobility service.
The technology is known as PalmPay and will be rolled out throughout 2024, allowing users to leave their phones and bank cards at home.
Checkout.com’s MENA representative believes in-app payments present an untapped opportunity for revenue growth, especially during busy calendar events.
The number of fintech firms in the MENA region skyrocketed from just 10 in 2018 to a substantial 147 in 2022.
The United Arab Emirates will add the highest value to its GDP per capita, followed by Saudi Arabia and Bahrain.
The summit in Manama will host 750+ thought leaders, entrepreneurs, and tech experts from around the world.
The payment service provider license is the first to be issued by the CBO to an international fintech provider.
