The Future of B2B Payments in MENA: Why Banks Can’t Wait
For years, B2B payments in the MENA region have lagged behind consumer payments. While retail transactions are rapidly digitizing, B2B payments remain fragmented, inefficient and burdened by legacy processes. The result? Delayed settlements, high costs, and manual reconciliations that slow down entire supply chains. In the UAE, 51% of all credit sales are paid late, […]
UAE Banks to Stop Sending OTPs via SMS and Email: What You Need to Know
Starting July 25, 2024, the Central Bank of the UAE will begin implementing a major security change: banks will no longer send one-time passwords (OTPs) via SMS or email for credit and debit card transactions. Instead, institutions must adopt stronger authentication methods, such as in-app notifications or tokenized authentication flows. This change will be rolled […]
NymCard Launches Open Finance Services Under CBUAE Open Finance Regulation
UAE – 9th May, 2025 – NymCard, the MENA region’s leading embedded finance platform, today announced that it is now officially licensed to provide Open Finance services under the Central Bank of the UAE’s Open Finance regulation. With this milestone, NymCard becomes one of the first entities in the UAE to embed regulated payment functionality […]
NymCard Appoints Srikanth Achanta as Chief Technology Officer
[UAE, 24 March, 2025] – NymCard, the embedded finance platform provider in MENA, has appointed Srikanth Achanta as Chief Technology Officer (CTO) to lead its technology strategy and drive innovation across its API-first payment infrastructure. Srikanth brings deep expertise in fintech, payments, and machine learning, having held senior leadership roles at Klarna, Visable, and Upday, […]
QED Investors Leads $33M Investment in NymCard, Strengthening MENA’s Payments Infrastructure
[UAE, 19 MARCH, 2025] – NymCard, the only embedded finance platform operating across 10+ countries in MENA, has secured $33 million in its latest Series B funding round, led by QED Investors. This marks QED Investors’ most significant investment in the region – and the first time leading a deal in the Gulf Cooperation Council […]
AI-Powered Credit Decisioning: The Future of SME and Consumer Lending in MENA
In the Middle East, the race to harness AI is intensifying. AI is set to add $320 billion to MENA’s economy by 2030, with Saudi Arabia alone contributing $135 billion. With AI adoption growing at 20-34% annually, banks and fintechs are rapidly evolving their lending strategies—leveraging AI to transform credit decisioning and risk assessment.2 AI-driven […]
Faysal Bank and NymCard partner to enable financial innovation in Pakistan
Karachi, Pakistan, March 3, 2025: Faysal Bank Limited (FBL), one of Pakistan’s leading Islamic banks, and NymCard, the MENA region’s leading embedded finance provider, have partnered to support financial innovation in Pakistan. Through this strategic collaboration, Faysal Bank and NymCard will provide a Banking-as-a-Service platform to enable fintechs to offer financial services to consumers and […]
Shaping the Future of Embedded Finance: A Q&A with Mario Wehbe, Chief Product Officer at NymCard
As NymCard sets the stage for an ambitious 2025, we caught up with Mario Wehbe, our Chief Product Officer, to discuss how embedded finance is evolving – and how we’re leading that transformation. From AI-driven lending and money movement to redefining the speed and flexibility of financial services, Mario shares how NymCard is pushing the […]
Mobilink Microfinance Bank Partners with NymCard and Dellson Associates for Digital Financial Services
Islamabad, February 21, 2025: Mobilink Microfinance Bank has signed a Memorandum of Understanding (MoU) with NymCard and Dellson Associates to strengthen collaboration in digital financial services. Through this partnership, NymCard will offer its advanced technology platform to enable digital lending solutions including, Buy Now Pay Later (BNPL), Send Now Pay Later (SNPL), and instant card […]
NymCard Partners with Nama United Financing to Power Business Payment Solutions in Saudi Arabia
5th February 2025, Jeddah, KSA: NymCard, the leading payments infrastructure provider in the MENA region, today announced a strategic partnership with Nama United Financing Company, a Saudi Central Bank-licensed fintech innovator offering real estate, production assets, SME, leasing, and consumer finance solutions. Through this collaboration, NymCard will provide comprehensive card issuing and program management services […]
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