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Mamo, the UAE-based FinTech, receives greenlight from DIFC Community News 30 Jun 2021 09:00 am Dubai,UAE, 30 June 2021 Mamo, the UAE-based FinTech company, has been granted an Innovation Testing Licence to operate in or from Dubai International Financial Centre (DIFC), the global financial centre and leading FinTech hub in the MEASA region. The licence has been granted by the Dubai Financial Services Authority (DFSA) to carry out the regulated activity of Providing Money Services. The licence allows Mamo to test its products and services in a rapidly growing market under conditions defined by the DFSA. In a nutshell: ●The Peer-to-Peer (P2P) payments space will grow from $ 22Bn in 2019 to $115Bn (almost 5x) by 2023 for the Middle East as a whole; ....
Dubai's Mamo secures licence to operate from DIFC as demand for digital payments surges thenationalnews.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from thenationalnews.com Daily Mail and Mail on Sunday newspapers.
Global Ventures, an Abu Dhabi, UAE-based venture capital firm, announced a strategic partnership. The two companies have identified three areas of collaboration to create long-term value within the regional innovation ecosystem. These include working closely together to develop thought leadership and research and uncovering insights and trends in industries where innovation drives disruption and opportunities. Accenture will also bridge its existing clients, spanning fields including cloud and security, with Global Ventures’ portfolio of companies to address pressing business challenges. The new partnership will provide Global Ventures portfolio companies with access to Accenture’s international network and expertise in facilitating innovative solutions. Accenture’s clients will benefit from the companies within the Global Ventures portfolio and utilize emerging technologies. ....
Dubai: Sit on your couch, and pay off your bills, save some money, invest those savings, do some interest-free installment shopping, and while you’re at it, don’t forget to pay your friend back for that lunch. The coronavirus pandemic economically crippled many individuals and businesses, but it also gave rise to a number of companies who offered people in the UAE exactly what they needed in that hour – easier, contactless, budget-friendly ways to handle and spend money, right from home. Financial services integrated with the latest technology for automation, or FinTech, has been around for some time – if one considers everything starting from the world s first ATM in 1967. However, the coined term itself became very popular in only the last couple of decades, with the internet, the smartphone age, and everything that came after that. ....
BharatPe is a fintech firm founded in 2018 and headquartered in New Delhi. The company has raised 50 crore rupees (US$6.9 million) in debt from Trifecta Capital, a venture debt fund focused on new economy businesses. The fresh funds will be directed towards offering loans to underserved small merchants and mom-and-pop store owners across the country. , , investment ....