Saudi’s fintech entity Geidea just announced that it has partnered with UAE based Blockchainenabled payments platform Magnati, and FAB ( First Abu Dhabi Bank) to offer digital payments in KSA, this comes after Geidea had partnered with Blockchain payments platform WadzPay in 2022. As per the recent announcement, The collaboration has the potential to be transformative in the Saudi payments space and is set to create exceptional value for clients, bridging the gap between advanced financial solutions and accessibility, while ensuring enhanced affordability, said the statement. With a focus on innovation and technology, Magnati offers Payment as a Platform services that cater to a wide range of industries and businesses, encompassing integrated payment solutions, secure transaction processing, and comprehensive e-commerce solutions. Launched in the Kingdom of Saudi Arabia in 2008, Geidea provides over 700,000 payment terminals (POS) across the region and serves over 139,000 t...

  Ahmed al Marjeby and Mahmood al Lawati have developed a blockchain enabled digital identity platform out of Oman. Nashid, the blockchain enabled digital identity platform is aimed to mitigate the risks of identity fraud. Nashid has  also secured a pre-seed investment as part of the Techween program from Oman Technology Fund As per the news, Oman based Nashid will allow users to access services digitally without visiting any service provider ever again. In 2020 alone, identity theft and fraud cost over $700 billion in losses worldwide The platform will allow the creation of a secure digital version of one’s identity and their attributes. The need for in-person verifications will cease, usernames and passwords will disappear, and a frictionless, online-only user journey will take place. Nashid is powered by the Blockchain to maintain the truth of all digital interactions with high levels of online security and credibility. It also is fueled by encryption models of hash...