UAE Digital Banking News – Fintech, Services & App Updates

UAE DIGITAL BANKING

UAE DIGITAL BANKING

Sharjah Islamic Bank posts 24% 9-month profit growth

Profit exceeds Dh1.05b seen in 2024 on strong growth in financing and fee income

2m read

Sharjah Islamic Bank HQ

Wio Bank deposits cross Dh50b as digital banking surges

Digital-first bank hits milestone under three years since launch in the UAE

Wio Bank deposits cross Dh50 billion as digital banking accelerates in UAE

Network International, Magnati officially merge

New entity to operate as Network International under Brookfield-led consortium ownership

The coming together of the UAE payment processors Network and Magnati is a major milestone.

UAE sets new rules, deadlines for digital invoices

New system will require businesses to issue and receive invoices electronically (online)

UAE sets new rules, deadlines for businesses on using digital invoices

UAE: Send money in 10 seconds using mobile numbers

Through ‘Aani’, you can send money online without using a bank account number

'Aani', an instant payments platform operated by Al Etihad Payments, a subsidiary of the Central Bank of the UAE. Picture used for illustrative purposes.

UAE remittances: Faster, cheaper options coming

New tech like stablecoins, digital wallets will transform how UAE expats send money home

Customers at Lulu Exchange in Sharjah.

Mashreq launches full-service digital bank in Pakistan

UAE lender has committed $100 million by 2025 to support its Pakistan operations

Mashreq launches full-service digital bank in Pakistan

First UAE centre from HSBC for high-net-worth clients

Bank invests in bespoke services to capture UAE’s growing affluent segment

Centre located at its flagship Jumeirah branch in Dubai

Are your banking emails an easy target for fraudsters?

Proofpoint: Only 77% of GCC banks use global email authentication standard in 2025

Are your banking emails becoming an easy target for fraudsters now?

UAE banks: Profits to be up, but not returns: Moody’s

Returns on assets to stay under pressure from low rates, higher provisions, taxes: Moody’s

All signs are pointing higher for FAB. Clearing the Dh10 billion mark in H1-2025 net profit sure suggests that.

Visa, Mastercard users can turn crypto to cash faster

Bitget’s new feature enables instant fiat deposits to Visa, Mastercard in 140+ currencies

Visa and Mastercard logos.

UAE, Saudi, Qatari banks now give out more loans: Why?

Emirates NBD, FAB, Al Rajhi raise guidance as easing rates fuel loan and income growth

More banks are offering deals on their existing loans, where they reduce the interest rate charged for a one-year period, passing on the recent cut in interest rates to the customers. The picture is used for illustrative purposes only.

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