Sarwa, one of the GCC’s leading investment and personal finance platforms, has announced that it has crossed $1 billion in client assets, becoming the first UAE-founded FinTech platform to reach this milestone. Founded in the DIFC, Sarwa was an early mover shaping the region’s FinTech sector.
The UAE continues to strengthen its position as one of the world’s leading centres in the financial technology (FinTech) sector led by its two main hubs - Dubai International Financial Centre (DIFC) and Abu Dhabi Global Market (ADGM) - and its market is poised to hit $5.71 billion by 2029, said a report.
Global telecom major Ericsson and Mastercard have announced a collaboration to reshape how money moves across the world. It is aimed at empowering telecom service providers, banks, and fintechs to expand digital wallet capabilities and reach unbanked or underbanked communities.
BENEFIT, the Kingdom’s innovator and leading company in Fintech and electronic financial transactions service, has announced the launch of a Digital Direct Debit service through its BenefitPay app, thus expanding the kingdom’s push toward cashless payments.
The Bahrain Association of Banks (BAB) and BENEFIT, the leading fintech and electronic financial transactions service provider in the kingdom, held a strategic meeting to review the company’s corporate strategy for 2025–2027, in a move aimed at accelerating digital transformation across Bahrain’s financial sector.
Dubai Chambers has signed memorandums of understanding (MoUs) with four specialised FinTech companies as part of its efforts in providing the business community with access to advanced and alternative banking services.
Abu Dhabi has launched the FinTech, Insurance, Digital and Alternative Assets (FIDA) cluster to expand the emirate’s role as a global capital hub. By 2045, FIDA is projected to contribute an additional $15.2 billion to the emirate's direct GDP.
