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Dubai Fintech Hub Partners With Israel Advertisement The normalization of relations between the UAE and Israel paved the way for billions of dollars of bilateral business opportunities. January 07, 2021 In late November, Dubai-based DIFC FinTech Hive the biggest financial-innovation hub in the Middle East signed a milestone agreement with Israel’s Fintech-Aviv. Both entities will work hand-in-hand to facilitate the cross-border exchange of knowledge and business between Israel and the United Arab Emirates. “Like Dubai, Israel is well-regarded for its approach to innovation and for embracing fintech, so it is important to collaborate now to share knowledge and develop the sector further,” said Raja Al Mazrouei, executive vice president of DIFC FinTech Hive, in a press statement. ....
Covid-19 sparks boom in Middle East digital payments sector Stubborn cash use could fall in the Middle East after an acceleration in the take-up of digital payments amid the coronavirus pandemic Share this item with your network: By Published: 15 Dec 2020 12:15 The e-commerce and digital payment industries in the Middle East region are set for major growth in 2021, with nearly half of consumers likely to increase their online shopping over the next year, according to a report. The region, traditionally dominated by cash payments, presents a growth opportunity for tech players as online shoppers now prefer using digital payments, said the study from London-based payment systems provider Checkout.com. ....