Israel’s banking regulator releases guidelines for the use of stablecoins

In order to oversee cryptocurrencies linked to the value of other assets like the US dollar, the Bank of Israel has released regulatory standards for stablecoin activities in the nation....
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Kenyan mobile payment service M-Pesa enters the remittance market

With a collaboration with e-commerce behemoth Amazon, Safaricom’s M-Pesa, a mobile money service in Kenya, is gaining ground in the remittance sector. As of September 2021, the service, which debuted...
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Hollydesk raises $1M in venture debt financing

Hollydesk, an Egyptian fintech firm, has raised $1 million in venture loan funding to develop its cost management platform for the nation’s small and medium-sized enterprises. The system provides a...
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UAE-based startup Tabby shuts down operations in Egypt

Five months after introducing its buy now, pay later (BNPL) service in Egypt, UAE-based fintech company Tabby has announced the end of its operations there. The choice was made in...
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