UAE Digital Banking News – Fintech, Services & App Updates

UAE DIGITAL BANKING

UAE DIGITAL BANKING

DIB posts record Dh9.7b revenue as assets near Dh400b

Customer deposits surged past Dh300 billion, a 21% increase since the start of the year

2m read

DIB posts record Dh9.7 billion revenue as assets near Dh400 billion

Now pay Dubai service fees using these digital wallets

Rollout of all wallet integrations is expected to be complete by the end of 2025

Dubai expands government payment options to include global digital wallets

Soon, AI will shop for you — and pay with your money

AI agents to securely shop, decide, and pay on behalf of UAE Visa, Mastercard users soon

Mastercard, Visa cardholders in UAE: Soon, AI will shop for you — and pay with your money

UAE residents: Check payments after AWS outage glitches

Failed payments and double charges likely after global outage hits key banking systems

Amazon Web Services (AWS)

Ask Gulf News: Why UAE banks are asking for KYC updates

Ignore that KYC update SMS and your bank account could be blocked

UAE banks are asking customers to renew KYC details as expired Emirates IDs could lead to frozen accounts and blocked transactions.

Bank of Sharjah net profit surges 47% to Dh435 million

Net interest income jumped by 60% to reach Dh514 million over nine months to September

Bank of Sharjah

CBD sees record profit, net loans cross Dh100b

Bank posted net profit before tax of Dh2.83 billion, up 15.6% from same period last year

CBD posts record profit, loans cross Dh100 billion for first time

FAB reports record Dh16 billion profit in nine months

FAB’s earnings surge on strong lending, fee income, global expansion across key markets

First Abu Dhabi Bank (FAB).

Al Fardan Exchange launches new salary advance service

Deal with Abhi, backed by Hub71, ADIO, CBI, to boost financial access for WPS customers

Al Fardan Exchange launches salary advance service for UAE workers

AWS outage disrupts payments, triggers dispute surge

Cloud outage triggers payment errors and chargeback surge, many brace for ripple effects

AWS outage hits payments: Failed transactions, double charges, disputes to rise

UAE’s Emirates NBD makes history in India with RBL bet

Dubai lender’s record move gives it control of RBL Bank and reshapes India’s banking scene

RBL Bank

e& money set to debut UAE's first PayPal-linked wallet

UAE’s first digital wallet linked to PayPal with instant AED withdrawals

e& money set to debut UAE's first PayPal-linked wallet

LOAD MORE

TRENDING STORIES