Debunking the biggest BaaS Myths in MENAP
The financial services industry is at a critical turning point. APIs are now driving 40% of revenue growth in financial institutions across the globe by enabling cross-platform integrations and personalised services. This shift is powering an era where banks and financial institutions can build and scale financial products faster than ever before. In MENAP, the […]
Debunking the biggest BaaS Myths in MENAP
The financial services industry is at a critical turning point. APIs are now driving 40% of revenue growth in financial institutions across the globe by enabling cross-platform integrations and personalised services. This shift is powering an era where banks and financial institutions can build and scale financial products faster than ever before. In MENAP, the […]
Know Your Rights and Responsibilities
In the UAE, the financial sector is governed by robust laws designed to protect your money, your data, and your choices. But here’s the truth — rights are only powerful if you know them, and responsibilities only work if you act on them. At NymCard, we believe an informed consumer is an empowered one. Here’s […]
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 […]
.svg){kind=small}
