Paymob Raises $35 Million as Gulf Business Nears Half of Revenue
Mubadala and the EBRD co-led the Egyptian payments firm's pre-Series C after its GCC revenue grew sevenfold in 18 months.
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Fintech reporting from Middle East. Stories across banking, payments, infrastructure, capital and policy that touch this region.
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In a RedCompass Labs survey of 300 payments professionals, most report their bank is preparing for stablecoins, but few say they have moved past planning into production.
18 SEP 2026
Saudi Arabia's mada and Qatar's Himyan national payment cards will gain cross-border acceptance in each other's markets, regulators announced at Money20/20 Middle East.
17 SEP 2026
barq's Series A, one of the largest in Saudi fintech this year, values the two year old digital payments platform at $1.85 billion.
17 SEP 2026
Foodics has launched Capital 2.0, an automated financing product that pre-qualifies restaurants using their own performance data and disburses funds within four hours.
15 SEP 2026
baraka now lets customers invest directly in Dubai Financial Market and Abu Dhabi Securities Exchange listed stocks, funded in dirhams, through its existing app.
14 SEP 2026
TerraPay has linked its Xend wallet interoperability network to Alipay+, letting African digital wallet users pay at more than 150 million merchants worldwide by scanning a QR code.
11 SEP 2026
Network International has launched a pilot letting shoppers pay with DDSC, the dirham-backed stablecoin, at two UAE retail locations using existing card terminals.
11 SEP 2026
AXON has registered its Canadian entity with FINTRAC as a Money Services Business, part of a push into North America alongside a European neobank partnership.
10 SEP 2026
PayTabs Group has agreed to buy Amazon Payment Services' Middle East and North Africa business, a deal expected to make it the region's largest payments infrastructure provider.
9 SEP 2026
Spare co-founder Saurabh Shah on how one Open Finance infrastructure layer serves partners as different as landlords and lenders, what Rentify's affordability check actually pulls from a tenant's bank, and what replaces a post-dated cheque's sense of security once the cheque is gone.
8 SEP 2026
Standard Chartered has extended its institutional Bitcoin and Ether spot trading service to the UAE, becoming the first Global Systemically Important Bank to offer it in the region.
8 SEP 2026
Dubai's virtual assets regulator has formalised cooperation with Securitize, the tokenisation platform already running BlackRock's on-chain fund, as its shares jumped on the news.
7 SEP 2026