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Valu, Egypt's leading financial super-app, boasts over 700,000 active users and has launched co-branded credit and prepaid cards, achieving 1.2 million transactions in a year. The fintech ecosystem is expanding with new products like Ulter and Shift, alongside a growing merchant network of 7,000 retailers and 2,000 online stores. In the MENA region, fintech is evolving beyond payments and lending, with a focus on wealth management and AI-driven services, while companies like MyFatoorah and MNT-Halan are making significant strides in payment solutions and lending, respectively.
Valu, Egypt's leading financial super-app, boasts over 700,000 active users and has launched co-branded credit and prepaid cards, achieving 1.2 million transactions in a year. The fintech ecosystem is expanding with new products like Ulter and Shift, alongside a growing merchant network of 7,000 retailers and 2,000 online stores. In the MENA region, fintech is evolving beyond payments and lending, with a focus on wealth management and AI-driven services, while companies like MyFatoorah and MNT-Halan are making significant strides in payment solutions and lending, respectively.
Binance has secured a historic $2 billion investment from UAE-based MGX, highlighting the fintech boom in the MENA region, where 119 startups raised $700 million in 2024. Key players like Tabby, Fawry, and Rasan are leading the charge, with significant growth in digital payments, BNPL services, and insurtech, setting new benchmarks in the global fintech landscape. The future looks promising, with expectations of more unicorns and international expansions on the horizon.
Binance has secured a historic $2 billion investment from UAE-based MGX, highlighting the fintech boom in the MENA region, where 119 startups raised $700 million in 2024. Key players like Tabby, Fawry, and Rasan are leading the charge, with significant growth in digital payments, BNPL services, and insurtech, setting new benchmarks in the financial technology landscape. The future looks promising, with expectations of more unicorns and cross-border expansions as MENA solidifies its status as a fintech hub.
Valu has emerged as Egypt's leading financial super-app, boasting over 700,000 active users and launching co-branded credit and prepaid cards that achieved 1.2 million transactions in a year. The fintech ecosystem is expanding with new products like Ulter and Shift, alongside a growing merchant network of 7,000 retailers and 2,000 online stores.In the MENA region, fintech is evolving beyond payments and lending, with a focus on wealth management and AI-driven services. Companies like MyFatoorah and MNT-Halan are making significant strides, while cross-border expansion is anticipated, positioning the region for a robust future in the global fintech landscape.
Valu has emerged as Egypt's leading financial super-app, boasting over 700,000 active users and launching co-branded credit and prepaid cards that achieved 1.2 million transactions in a year. The fintech ecosystem is expanding with new products like Ulter and Shift, alongside a growing merchant network of 7,000 retailers and 2,000 online stores.In the MENA region, fintech is evolving beyond payments and lending, with a focus on wealth management and AI-driven services. Companies like MyFatoorah and MNT-Halan are making significant strides, while cross-border expansion is anticipated, positioning the region for a robust financial future.
Gold has surpassed $3000 an ounce for the first time, driven by rising geopolitical tensions and persistent inflation concerns. Major banks like Goldman Sachs and UBS have raised their price targets, reflecting strong institutional demand, particularly from central banks, including China and India. However, potential risks such as overvaluation and shifts in Federal Reserve policy could impact gold's bullish outlook.
UAE retailers are now promoting 'zero' making charges on gold jewellery, attracting shoppers looking to save on costs. One customer noted purchasing multiple items, including bangles and necklaces, with 22K gold priced at Dh326 per gram, primarily sourced from Turkey, ahead of her trip to India.
Elon Musk has expressed support for the U.S. exiting NATO, stating it doesn't make sense for America to fund European defense. This aligns with the Trump administration's ongoing criticism of NATO, particularly regarding defense spending by member countries. The future of U.S. NATO membership remains uncertain, as any changes require Senate approval.
Huawei and Turkcell have signed a Memorandum of Understanding at MWC 2025 to advance sustainable network innovations, focusing on 5G Advanced Technology. Their collaboration aims to enhance smart cities, ultra-speed broadband, and quantum key distribution, while testing various cutting-edge technologies to improve connectivity and efficiency.
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fintech boom in mena drives innovation and investment in 2024
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fintech revolution in mena drives growth and innovation in 2024
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gold prices soar past three thousand dollars amid economic uncertainty
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16:40 14.03.2025
uae gold shoppers benefit from weekend offers with zero making charges
04:58 10.03.2025
Elon Musk advocates for US exit from NATO amid policy shifts
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