Debunking the biggest BaaS Myths in MENAP
The financial services industry is at a critical turning point. APIs are now driving 40% of revenue growth in financial institutions across the globe by enabling cross-platform integrations and personalised services. This shift is powering an era where banks and financial institutions can build and scale financial products faster than ever before. In MENAP, the […]
Know Your Rights and Responsibilities
In the UAE, the financial sector is governed by robust laws designed to protect your money, your data, and your choices. But here’s the truth — rights are only powerful if you know them, and responsibilities only work if you act on them. At NymCard, we believe an informed consumer is an empowered one. Here’s […]
The Future of B2B Payments in MENA: Why Banks Can’t Wait
For years, B2B payments in the MENA region have lagged behind consumer payments. While retail transactions are rapidly digitizing, B2B payments remain fragmented, inefficient and burdened by legacy processes. The result? Delayed settlements, high costs, and manual reconciliations that slow down entire supply chains. In the UAE, 51% of all credit sales are paid late, […]
UAE Banks to Stop Sending OTPs via SMS and Email: What You Need to Know
Starting July 25, 2024, the Central Bank of the UAE will begin implementing a major security change: banks will no longer send one-time passwords (OTPs) via SMS or email for credit and debit card transactions. Instead, institutions must adopt stronger authentication methods, such as in-app notifications or tokenized authentication flows. This change will be rolled […]
AI-Powered Credit Decisioning: The Future of SME and Consumer Lending in MENA
In the Middle East, the race to harness AI is intensifying. AI is set to add $320 billion to MENA’s economy by 2030, with Saudi Arabia alone contributing $135 billion. With AI adoption growing at 20-34% annually, banks and fintechs are rapidly evolving their lending strategies—leveraging AI to transform credit decisioning and risk assessment.2 AI-driven […]
Shaping the Future of Embedded Finance: A Q&A with Mario Wehbe, Chief Product Officer at NymCard
As NymCard sets the stage for an ambitious 2025, we caught up with Mario Wehbe, our Chief Product Officer, to discuss how embedded finance is evolving – and how we’re leading that transformation. From AI-driven lending and money movement to redefining the speed and flexibility of financial services, Mario shares how NymCard is pushing the […]
Embedded Finance in MENA: Trends to Watch in 2025
As the leading enabler of embedded finance in MENA, we’ve witnessed firsthand how financial services are becoming increasingly and seamlessly integrated into everyday customer experiences. Globally, the embedded finance market was valued at $82.7 billion in 2023 and is projected to reach $570.9 billion by 2033, growing at a compound annual growth rate (CAGR) of […]
NymCard @ Seamless North Africa 2024 | Interview with Omar ElMoataz
Transcript Mark Walker: My name is Mark Walker, I’m the Editorial Director at The Fintech Times, and we’re here at Seamless North Africa. First of all, I’m going to ask my interviewee to introduce himself to you, the audience. Omar ElMoataz: Hello, my name is Omar ElMoataz. I lead NymCard as the Country Manager for […]
NymCard Surpasses 1000 API’s
Success stories are typically marked by milestones, and as of today we are proud to announce a significant point in our journey. We recognised early on that the future of banking lay in flexibility, modular connectivity, and seamless integration. This blueprint led us to invest heavily in our platform, resulting in the development of three […]
Bringing Innovation to Egypt
We sat down with Omar ElMoataz, NymCard’s Country Manager for Egypt. In this conversation, Omar shares his approach for NymCard’s role in the Egyptian market, and how NymCard plans to leverage its regional expertise. Q: What sets NymCard apart in the Egyptian market? Omar: We’ve built a ‘Dream Team’ here in Egypt with industry experts […]
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