Payments news in the Middle East

An overview of news, trends and research in Payments consulting in the Middle East:

The rise of online shopping and ecommerce in Egypt Egypt has seen a remarkable increase in online shopping and digital payments in what was – until recently – a mostly cash-based society.
15 July 2025
Iraq’s payments leader Qi taps K2 Integrity for nationwide financial compliance overhaul Iraqi digital payment provider Qi has inked a partnership agreement with K2 Integrity, aimed at strengthening the company’s financial compliance standards across its operations.
19 June 2025
Online shopping now a mainstream channel for a third of UAE and KSA consumers Over the past five years, the UAE and KSA markets region have seen a dramatic shift toward online shopping.
03 June 2025
UAE acquiring payment market enjoys strong growth fundamentals The UAE acquiring payment market has witnessed significant growth in recent years.
22 April 2025
Integrating Bitcoin into corporate treasury strategies A growing number of organizations as embracing Bitcoin as a financial asset, adding the cryptocurrency to their Treasury in order to safeguard wealth, as well as capitalize on other benefits.
27 February 2025
The payments revolution: Strategic imperatives for payment service providers Payment service providers need to rethink their business model and take advantage of their customer relationships to offer more diversified services that meet the changing needs of consumers and busi
17 February 2025
UAE to mandate e-invoicing in 2026: What businesses must know and do The UAE’s decision to mandate electronic invoicing (e-invoicing) by July 2026 for B2B and B2G transactions marks a pivotal step in the nation’s economic transformation.
27 November 2024
UAE Central Bank selects Accenture for supervisory technology program The Central Bank of the UAE has launched a major digital transformation program aimed at enhancing the way how it supervises financial institutions, selecting Accenture as its consulting partner.
25 April 2024
PwC enriches payments offering to financial services with Snowdrop Snowdrop, a provider of payments solutions to the financial services industry, has agreed a partnership with PwC covering the Middle East region.
16 April 2024
First Abu Dhabi Bank inks long-term partnership with Mastercard First Abu Dhabi Bank, the largest bank in the UAE, has agreed an exclusive long-term global partnership with Mastercard focused on collaboration in four markets: the UAE, Saudi Arabia, Oman, and Egyp
07 March 2024
Saudi consumer spending to defy regional trend, says AlixPartners The coming year will see resilient consumer spending in Saudi Arabia despite economic uncertainties that are likely to persist globally, according to a study from management consulting firm AlixPartn
29 February 2024
Middle East consumer exploring the web for better deals Consumers in the Middle East are increasingly on the front foot in their buying decisions, using the internet to compare prices, access reviews and acquire valuable competitive information.
24 October 2023
Payments-focused fintechs offer opportunities for banking The rise of new payment services and technology providers has been nothing short of disruptive, driven by an era of consumer centricity, and accelerated by the Covid-19 pandemic.
25 August 2022
Open banking can transform payments scene in Saudi Arabia With open banking going into effect next year in Saudi Arabia, incumbent banks may lose their tight control of customer data and their near monopoly over payment services.
25 February 2021
How the region's payments market could fare in the next decade The speed of economic recovery in the next few years will be crucial for the payments market in GCC and around the world, marking the difference between expansion or contraction by 2024.
18 November 2020
Consulting arm of KPMG Kuwait accepts its first payment in Bitcoin KPMG Kuwait has accepted its first engagement in bitcoins.
05 January 2018

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