How Startups Can Accept Online Payments in UAE?

Beginning an online business has never been as worthwhile as it is today. The quantity of new businesses in the digital space has developed significantly over the recent years. Some may state it’s a prevailing fashion, yet we have faith in the pioneering soul of UAE. It’s an incredible chance to begin an online business, particularly since UAE is grasping digital payments to an ever increasing extent.

Startup business visionaries for the most part center around different business angles like structure an alluring and useful site, guaranteeing the gracefully chain is solid, and that’s just the beginning. Be that as it may, aside from these, online organizations ought to likewise concentrate on the most ideal approach to gather payments.

Online digital payments can be acknowledged by organizations through numerous ways, each with its own arrangement of favorable circumstances and difficulties. The key channels are:

1) Integrating with a bank’s payment gateway – A payment gateway provided directly from a bank (also called a second party payment gateway) allows online businesses to process payments via debit cards, credit cards and net banking and is supported through platforms such as Visa, Mastercard, among others. 

From the cost angle, organizations should pay an underlying arrangement charge and exchange expenses or TDR (Transaction Discount Rate), which is a level of the exchange an incentive for all exchanges prepared through the passage.

While the whole system looks straightforward in principle, integrating with a bank’s payment gateway is often challenging and tedious for startups.

2. Integrating with a third-party payment gateway – 

A simple and effective approach to process online payments is through an outsider payment door. Such payment portals additionally gather TDR on exchanges while arrangement expenses might possibly be relevant, contingent upon the solution provider

Similar to banks, these gateways also facilitate payments made through debit cards, credit cards and netbanking. In addition to this, many solution providers, like Foloosi, also allow merchants to process digital payments through multiple channels like prepaid digital wallets and recently, and several digital wallets. This way, online businesses have the agility to accept payments through practically every online digital mode.

While by all accounts, third-party payment gateways appear to be like bank payment portals, they are in truth unmistakably more easy to understand, open and simple to coordinate, particularly for first time new businesses.

Accepting payments beyond a payment gateway

Setting up an payment gateway works for online organizations that have a site or an application. In any case, imagine a scenario in which you don’t. Does that mean you won’t have the option to acknowledge digital payments? Nothing could be farther from reality.

Foloosi offers solutions for businesses to accept payments even without a website or an app. Here’s how.

Get paid instantly with Payment Links

If you don’t have a website or an app, you can easily create a Payment Link from your Foloosi Dashboard and send it to your customers via email, SMS, messengers, chatbot, etc. 

Indeed, even with a Payment Link, your client can look over a plenty of choices to finish the payment. Foloosi Payment Links can be utilized by organizations without a site, just as organizations with a site that require another payment strategy. It is a keen method to gather payment, which accompanies highlights like mass transfer and incomplete payments.

Foloosi’s Payment Link

Merchant, individuals etc can accept payments from customers just by sending a link. They can share payment link via SMS, Email, messenger etc and can get paid instantly.

  • Instant account activation
  • Get paid instantly- Get money in your bank account instantly
  • Accept every payment- Get paid using credit card/debit card, net banking, UPI

How to accept payments using “Payment Link?

Create a payment link via API or dashboard- To create a payment link details like customer’s name, amount, phone number, Email are required

Share the payment link via Email or SMS

  • Now customer pays through online payment- They can pay using credit/ debit card, net banking, online wallet, UPI etc
  • Notification is received once the payment is completed

PAYMENT LINKS FOR YOUR BUSINESS

BUSINESS WITHOUT WEBSITE

It is not necessary to worry about that you need not have any website/ app for selling. Make your customers pay online just by sending payment links.

ALTERNATIVE PAYMENT OPTION

You can substitute payment link for cash on delivery and point of sale payment methods in your business

SOCIAL MEDIA SHARING

You can give your customers a quick check out option by sharing payment link over social media platforms like Facebook, Instagram, whatsapp etc

We also provide the following features in our “Payment Link” Platform

PERSONALIZE

You can customize the payment request page from your dashboard to extend your brand

API DRIVEN

Our powerful APIs helps to automate the generation and collection of payments for all aspects of payment links

DASHBOARD REPORTS

Use the real time data and reports available on the dashboard to take business decisions

INVOICES

You can send your customers Invoices with item level details to accept online payments through debit/ credit card, net banking, UPI etc

SUBSCRIPTIONS

You can offer your customers subscription plans with automated recurring transactions on various payment modes

Thus make use of “Payment Link” provided by Foloosi and get paid instantly in a safe and secure manner

How online fraud affects online traders?

To all the more likely comprehend the loss of business and development open doors for online organizations because of fake transactions; we should accept two distinct situations. These situations outline how precisely the trader’s business would be placed in danger because of an absence of strong anti-fraud protections:

BEARING THE LOSS OF FRAUDULENT TRANSACTIONS 

In the event that a client accepts that their card has been utilized for a false transaction on a site, they can raise a caution and banner this to their bank. On the off chance that the bank concurs with the client that the exchange is in certainty fake, the client would get their cash back—and the effect of the discount in such a situation would be borne by the vendor. Furthermore, while the dealer would have conveyed the products to somebody, a deceitful miscreant for this situation, they would in any case not get any payment for the goods.

LOSS DUE TO A FALSE POSITIVE

In situations where a merchant’s anti-fraud mechanism isn’t sufficiently modern, certifiable exchanges are in danger of being declined. Along these lines, clients that are really keen on the items being sold by the shippers can’t make a buy, enduring simultaneously a terrible client experience. Such a situation could be increasingly troubling over the long haul, not just making lost business the shippers, yet in addition influencing their general reputation and generosity in the market. Clients, presently over-burden with decision, are very unforgiving and would not come back to a stage on the off chance that they have just endured an awful encounter.

In any case, everything isn’t lost for independent companies. Web based business empowering agents and payment gateways have the issue of online cheats legitimately in their sights. They think of the correct apparatuses and procedures to avert online fakes and help private ventures thrive on the web. By being cautious, and by picking the right partners, online organizations can limit their introduction to online cheats and spotlight on developing their endeavors.

First rate ANTI-FRAUD FEATURES IN PAYMENT SOLUTIONS 

With the assistance of the correct payments solution, little dealers can get to innovation that apropos diminishes the fraudulent transactions on their foundation, while expanding the achievement pace of genuine transactions. This factor likewise expands the experience of veritable purchasers, subsequently motivating their returns to on the platform.

Here’s a portion of the huge highlights private companies should search for in their payment gateway: 

Constant checking of transactions:

Advanced payment gateway ought to have the option to screen exchanges continuously, conveying a calculation to find any markers of a false movement and keeping it from occurring.

Better Success Ratios. Wise payment gateways improve the proportion of exchanges that prevail by guaranteeing that real exchanges are plainly distinguished and allowed to continue, though fake exchanges are dismissed.

Incorporated fraud management: Payment gateways must meet the most elevated level of PCI DSS level of consistence. Past this, however, your payment portal ought to incorporate its own antifraud components with card plot insurances, for example, CVV2/CSC, AVC and 3D Secure, giving your clients additional layers of security.

In-house software: Ultimately, guarantee that your payment gateways anti-fraud software is built and operated in-house. This will bring you certainty that the product can be precisely and quickly refreshed as various dangers emerge, and changed in accordance with address the issues of your online business as it develops and grows.

Foloosi – Online Payment Gateway Service Provider in UAE

Foloosi Technology is one of the best payment gateways in UAE that brings to you easy to use options that are designed to be accessible, convenient and simple backed by reputed partners to provide security and a credible and reliable customer experience.

Our payment gateway comes with anti- fraud software and hence we provide secured and reliable customer experience

For Android:

https://play.google.com/store/apps/details?id=com.foloosi.customer&hl=en

For iOS :

https://itunes.apple.com/us/app/foloosi/id1424241732?ls=1&mt=8

Foloosi Crosses 3Million+ AED Transactions in Quater4

Foloosi (https://www.foloosi.com ) is a UAE Fintech startup facilitating consumer-to-business card payments by enabling the business to display QR code, Payment Link and API integrations for the customer to scan & pay conveniently.

Foloosi was founded in 2018 and launched its product in the year 2019 that enables simple and easy ways to accept, process, and disburse payment solutions for businesses. It helps businesses by providing payment gateway, payment link, subscriptions and POS software. Foloosi’s payment solutions can be integrated by both web and mobile applications.

We are very happy to announce that we have achieved 3million+ transactions in Quater4, a milestone that reflects the considerable growth of Foloosi in UAE. This is not possible without our Foloosi community and followers. We as a team believe that the mighty God is helping us to flourish the company more and more. 

It is a significant percentage, and an increasing number of users are adding more than one card to their mobile phone to make payments. In addition, the number of people using their mobile for payments currently stands a high percentage in UAE.

At present, Foloosi has launched a cloud- based point- of- sale system with payment processor with an aim to make the payment processing easier and faster and it will be live soon.

UAE bank told to pay for Dh4.7 million after SIM swap fraud

Dubai: A recent judgment by a Dubai court, which held a local bank responsible for a Dh4.7 million SIM card swap fraud, serves as a reminder to all banks and telecom providers to adopt tighter security measures, a Dubai-based lawyer has said on Sunday.

Ghassan El Daye, Partner and Head of Litigation for the Middle East with the UK-based law firm Charles Russell Speechlys, said that in a landmark judgment, the Dubai Commercial Court recently found a local bank responsible for a SIM card swap fraud that cost a customer Dh4.7 million in life savings.

The case dates back to 2017 when the customer’s money was stolen from his account which the bank had then closed without his knowledge.

El Daye said the court has ordered the bank to pay the customer Dh4.7 million with a nine per cent interest from the date the case was lodged.

“This judgment is significant because it involves new essential factors related to the UAE’s banking sector and its customers. The judgment suggests recommendations for banks and telecom providers, including the need to apply strict security measures, carry out continuous monitoring, upgrading of PIN numbers and tighter background checks on employees,” said El Daye.

Money in Dubai: Banks, ATMs, Cards & Currency Exchange

The most populous city in the United Arab Emirates, Dubai, is also one of the Middle East’s biggest business hubs. One reason that Dubai attracts people from across the world is that the city has a 0% income tax. Yep, you heard correctly. Dubai dwellers, now numbering 2.7 million people, can pocket all of the cash they earn.

Not surprisingly, the city is developing rapidly as a result, with 20% of the world’s construction cranes located there. Currently the world’s biggest mall, tallest hotel, and largest aquarium are already situated in this stunning city. Visitors not on a budget can also stay at the world’s only 7-star hotel, the Burj al Arab.

What’s the currency in Dubai?

The United Arab Emirates (UAE) Dirham, usually known as the Emirati Dirham, is the official currency of the UAE. Introduced in 1973, the currency replaced the Qatar and Dubai Riyal. Officially the currency is abbreviated as AED, but DH and Dhs are also used unofficially. It’s divided into 100 fils, which is a modern retranscription of Fals, a medieval Arabic coin.

Join Foloosi Business – Sell your Products Online

Foloosi is a UAE online market place facilitating consumer-to-business card payments by enabling businesses to display QR code, share Payment Links and API integrations for their customers to pay conveniently.

Foloosi helps daily transaction in a simple, secure way and never limit payment options.

Features of Foloosi

Mobile Top-Up

Users can recharge local and international mobiles and salik instantly

Bill Payments

Users can pay for local and international services, utility and several other bills and hence selling products becomes easier

International Top-Up

International Mobile Top-ups across 130+ Countries

UAE fintech startup Foloosi raises $500K in a SEED funding round

Foloosi is a UAE Fintech startup facilitating consumer-to-business card payments by enabling the business to display QR code, Payment Link and API integrations for the customer to scan & pay conveniently.

Foloosi has raised a seed fund of 500k USD from existing investor Rasheed Alfalasi along with new investor Mohammed Alsuwaidi. Around four months back Foloosi has raised a pre-seed fund from Angel fund investor Rasheed Alfalasi

Foloosi was founded in 2018 and launched its product in the year 2019 that enables simple and easy way to accept, process, disburses payment solution for businesses. It helps businesses by providing payment gateway, payment link, subscriptions and POS software. Foloosi’s payment solutions can be integrated by both web and mobile applications.

Foloosi Crosses AED 1 Mn Bi-Annual Gross Transaction Value

Foloosi (https://www.foloosi.com) is a UAE Fintech startup facilitating consumer-to-business card payments by enabling the business to display QR code, Payment Link and API integrations for the customer to scan & pay in a tap.

We are very glad to announce that our bi-annual gross transaction value (GTV) had crossed one million AED since going live in January 2019. This is not possible without our Foloosi community, business partners and followers.

Foloosi’s CEO & Co-founder Omar Bin Brek said

We as a team believe that this is the best and ever-green Eid gift reaching our milestone is something special to be celebrated.

We thank our Foloosi community, business partners and followers with grateful heart and wishing them all a happy and prosperous Eid.

Foloosi enables a digital economy empowerment for local businesses, operating merchants and most importantly the e-commerce sector. Foloosi features a wide range of advanced technological products on its modern platform – including the core function of ‘Scan to Pay’ feature, which allows a business to accept card payment by displaying QR code technology.

We have a unique offering, since no other digital platform in our region serve to onboard businesses and consumers alike while complimenting the banking system using the QR code technology.

We distinguish ourselves by offering local financial intelligence educational feeds using machine learning techniques and artificial intelligence, besides great user retainment features such as social event bookings.

Together we have come up with a fresh concept, in line with the UAE’s 2021 vision, complimenting the banking system and an ambitious but achievable plan to build into a thriving new business.

Foloosi’s Co-founder, Mohan K outlined

Foloosi enables simple and easy way to accept, process, disburses payment solution for businesses. We help businesses by providing payment gateway, payment link, subscriptions and POS software. Foloosi payment solutions can be integrated by both web and mobile applications

What is a Payment Gateway and How Does It Work?

Online payments have turned into a piece of our day by day lives in the blink of an eye. We’re executing on the web through debit or Visas as well as through various different modes like UPI, net banking and wallets too.

Furthermore, why not? Online payments are quick and advantageous. They enable you to purchase items and administrations from everywhere throughout the world. In the event that you are a vendor, you can offer to anybody on the planet with a conventional web association. Your client doesn’t need a PC; a cell phone is sufficient.

Paying on the web is a key component that each e- commerce platform on the planet offers. What’s more, they can furnish this facility by incorporating with a payment gateway.

Be that as it may, what precisely is a payment gateway? Is it safe to execute through a payment gateway? Does it bode well for your business to have payment gateway integration? 

What is a payment gateway?

An online payment gateway (PG) is a passage that interfaces your financial balance to the stage where you have to move your cash. A PG is a product that approves you to lead an online exchange through various payment modes like net banking, debit card, platinum card, UPI or the numerous online wallets that are accessible nowadays.

A PG assumes the job of an outsider that safely moves your cash from the ledger to the shipper’s payment gateway.

How payment gateways work?

A payment gateway focuses on verifying the touchy data given by the client all through the procedure. It guarantees security by encoding information like card and bank subtleties that have been given by the client.

The following are the basic steps showing how a typical payment gateway works.

Step 1: A customer places his or her order and then presses the Submit or Checkout button, or its equivalent button, on the website

Step 2: Once this happens, the website or the e-commerce platform takes the customer to a payment gateway where he or she enters all the relevant information about the bank or the card they are using to pay. The PG then takes the user directly to the page of the issuing bank or a 3D secure page, asking for the transaction to be authorized.

Step 3: Once the payment gateway gets the approval for the transaction, the bank then checks whether the customer has sufficient balance in the account to make this transaction a success or not

Step 4: The payment gateway sends a message to the merchant accordingly. If the reply from the bank is a “No’”, then the merchant subsequently sends an error message to the customer, telling them about the issue with the card or the bank account. If the response is a “Yes” from the bank portal, then the merchant seeks the transaction from the bank

Step 5: The bank settles the money with the payment gateway, which in turn settles the money with the merchant

When this procedure is finished, the client gets an affirmation message of the request being put. 

As referenced before, the exchange of cash includes touchy data about an individual’s bank and card subtleties that are completely close to home to the person in question. Along these lines, it is basic to ensure that this data remains safe.

How payment gateways keep information secure?

A payment gateway guarantees the security of the data you put in. Here is a rundown of things that a PG does to protect your information:

First of all, the whole exchange is brought out through a HTTPS web address. This is not quite the same as the HTTP as the S in the HTTPS represents Secure. The exchange happens through this equivalent passage

Because of the hash work, the framework frequently utilizes a marked solicitation from the vendor to approve the solicitation of the exchange. This marked solicitation is a mystery word, which just the dealer and the payment gateway know

To verify the payment page aftereffect of the procedure, the IP of the mentioning server is checked to identify any malevolent action

Virtual Payer Authentication (VPA) is something that the acquirers, guarantors and the payment gateways are sponsorship to verify the procedure much more. VPA, actualized under the 3-D secure convention, includes an extra layer of security and helps the online purchasers and merchants to validate each other effectively

Benefits of using a payment gateway:

Utilizing a payment gateway isn’t only for moving cash, yet it has different advantages also. A PG can enable a shipper to give the client improve understanding.

PCI-DSS Wallet – The PCI-DSS consistence makes it secure enough to enable the client to store their own information in the entrance or passage for repeating payments. 

White-Label Wallet – Payment gateways enable you to make computerized exchanges through versatile wallet applications. This is the present pattern, as it empowers the client to make every one of his exchanges by simply sitting at one spot. You can get your cash from the record equalization to the portable wallet application and afterward further use it to make payments on different applications or sites

Extortion Screening Tools – Many payment gateways furnish you with misrepresentation screening instruments to decrease the danger of losing data. These apparatuses incorporate the Card Code Value (CCV), Card Verification Value (CVV) or even the Address Verification Service (AVS). These apparatuses guarantee that there is no deceitful exchange

A payment gateway focuses on creating a safe pathway between a client and the dealer to encourage payments safely. It includes the confirmation of the two gatherings from the banks included.

The most significant advantage of a payment gateway is the way that it enables a huge number of clients to utilize it in the meantime, making it feasible for you to buy or sell products and ventures at whatever point you need.

BEST PAYMENT GATEWAY IN UAE

1. Foloosi

2. Telr

3. PayFort

4. CashU

5. PayTabs

Top 40 Fintech influencers to follow in the Middle East

Over the last couple of years, several changes in technology have an impact on financial and banking services as well. Now everyone is aware of the term FinTech which means usage of technology in the financial sector. Definitely, fintech influencers had their piece of share in making fintech an enormous thing by sharing their ideas and influencing the world of techno-finance. Along with several other nations, the Middle East also have seen many influencers who helped in Fintech growth.

Here’s a list of top Fintech influencers in the Middle East region (not in a specific order)

1. Raja Al Mazrouei

Raja Al Mazrouei is the Executive Vice President of FinTech Hive at the Dubai International Financial Centre(DIFC). She works with an aim to make DIFC as the region’s best innovative destination for Fintech.

2. Arif Amiri

Arif Amiri is the Cheif Executing Officer at Dubai International Financial Center(DIFC). He manages the strategic and operational functions of the center. Currently, DIFC is working towards the fintech development which is a part Arif’s vision for DIFC.

3. Leigh Flounders

Leigh Flounders is the Senior Vice President Head of Digital Strategy and Engagement at Emirates NBD. He bagged several awards till date, amongst which The 2017 South By Southwest(SXSW) Conference FinTech & Payments pitch winner deserves a special mention.

4. Craig Moore

Craig Moore is the founder of Beehive which is the first peer-to-peer lending platform in the Middle East and North Africa(MENA) region. Beehive was launched in November 2014, it connects businesses seeking finance and investors. Till date, it has provided finance to more than 32 SMEs.

5. Kanchan Kumar

Kanchan Kumar is one of the founders of Remitr. Remitr is an end-to-end money transfer platform which was started with an aim to make global payments simple. In the year 2016, it was recognized as one of the most promising startups in the UAE region. 

6. Suvo Sarkar

Suvo Sarkar is the Senior Executive Vice President and Group Head in Retail banking & Wealth management at Emirates NBD. He contributes to the growth of revenue, profits and customer base for the bank by setting new standards for product innovation. He also publishes a column on the changing paradigms in the banking sector. He is considered as a Finovate speaker in the Middle East.

7. Abdulaziz Al Jouf

Abdulaziz Al Jouf is the founder of PayTabs. PayTabs is a payment gateway that provides businesses to transfer funds to each other without any complications. Realizing the difficulties faced by the SME merchants in the MENA region to get a payment gateway, Abdulaziz developed PayTabs. It provides payment solutions to all kinds of business be it small and medium enterprises, large scale organizations, etc.

8. Mirna Sleiman

Mirna Sleiman is the CEO and founder of Fintech Galaxy which is a digital crowdsourcing platform. It connects fintech entrepreneurs and investors. Mirna is the former award-winning financial journalist. She even guided several banks and governments on their digital transformation projects.

9. Sridhar Iyer

Sridhar Iyer is the Head of Mashreq Neo and Banking. Mashreq Neo is the digital banking application that is working with an aim to make banking easy and swift for the customers. This definitely makes a good addition to the growth of fintech in the UAE region.

10. Moussa Beidas

Moussa Beidas is the founder of Bridg, a smartphone app. It is an app which uses Bluetooth to make online payments. It is the first app that works on flight mode as well. Bridg is definitely one of the best fintech innovations. It makes the payment process simple. 

11. Sagar Sanap

Sagar Sanap is the AVP- Digital Sales Lead in Citi Bank. Being expertise in the field of Product strategy, Digital marketing, and campaign management, he is making a good share in the field of fintech.

12. Sam Quawasmi

Sam Quawasmi is one of the founders of the first equity crowdfunding platform Eureeca. It provides equity-based crowdfunding opportunity for the businesses. In the year 2013, Sam Quawasmi and Chris Thomas(Founder of Eureeca) were awarded “Innovator of the Year” award by Gulf Business Industry Awards in the UAE. 

13. Peter Smith

Peter Smith is the managing director, policy and strategy at Dubai Financial Services Authority(DFSA). DFSA regulates the financial services conducted from Dubai International Financial Center(DIFC) which works with a vision to drive the future of finance.

14. Philip King

Philip King is the Global Head of Retail Banking at ADIB. Prior to ADIB, he worked in several other well-known banks. ADIB launched MoneySmart which is the first digital community in the Middle East region. It also added “ADIB Express” to their app in order to provide instant digital services to their customers.

15. Richard Teng

Richard Teng is the CEO of the Financial Services Regulatory Authority (FSRA), Abu Dhabi Global Market(ADGM). The first Fintech Regulatory Laboratory Framework in the MENA region was developed in ADGM under the supervision of Richard. He works in the development of Fintech ecosystem in Abu Dhabi region. 

16. Wai Lum Kwok

Wai Lum Kwok is the Executive Director of Capital Markets, Financial Services Regulatory Authority (FSRA), Abu Dhabi Global Market(ADGM). He is known for his efforts and supervision in the development of Fintech in ADGM.

17. Promoth Manghat

Promoth Manghat is the CEO of UAE Exchange. He leads the global operations team of UAE Exchange center. He supervises in expanding UAE Exchange all over the world besides the day-to-day operations of his team.

18. Jayesh Patel

Jayesh Patel is the head of Liv. account of Emirates NBD. Liv. account is the first digital banking account in the UAE region. This account was launched by taking millennials and digital lifestyle into consideration. Liv account is one of the best add-ons to Fintech growth in the UAE. 

19. Stelios Michaelides

Stelios Michaelides was the head of Digital Banking in Commercial Bank of Dubai(CBD). CBD Now is a digital banking product that was launched under the supervision of Stelios. It uses the latest technologies which promote in the safe and simplest way of banking for the customer.

20. Siddiq Farid

Siddiq Farid is the CEO and one of the founders of SmartCrowd. SmartCrowd is a real estate crowdfunding platform in the UAE. It is the only company that is regulated by the DFSA(Dubai Financial Services Authority) and the first company in UAE that supports digital real estate investments.

21. Tanvir Shah

Tanvir Shah is the Managing Director of The Partnerships Consulting. He supervises on banking, payments, fintech strategies, etc. in the MENA region. His works have been recognized by several popular publications like The Banker Middle East, Cards International, etc.

22. Lynnette Abad

Lynnette is the Director of Research and Data at PropertyFinder group. Having technology and real estate as her professional passions, she’s been working on PropTech for maximum time in her career. 

23. Mark Chahwan

Mark is one of the co-founders of Sarwa. Sarwa is an online financial advisor that helps customers in finding investment opportunities with good returns and low-risks. It was recognized as one of the top 20 fintech companies by Forbes and the first startup to have an innovation license by the Dubai International Financial Center.

24. Mike Cunningham

Mike has been spending most of his career in the FinTech sector. He works as an independent mentor at DIFC(Dubai International Financial Center) Fintech Hive. Besides that, he is the CEO of BankClearly a startup which invented a new way of banking.

25. Omar Soudodi

Omar Soudodi is the managing director at PayFort. PayFort is a payment gateway platform which provides a secured and safe payment facility for online shoppers. It has won several awards in the MENA region along with the Best Fintech Company in the year 2016 by The Entrepreneur. 

26. Usama Zafar

Usama Zafar is the Head of Digital & Direct Marketing in ADIB. He has 13+ years of work experience in well-acclaimed domestic and international companies. He is considered as a growth hacker with accomplishments of billion dollars in annual sales of the companies he worked.

27. Nameer Khan

Nameer Khan is not only a fintech influencer but also an insurtech. He is a founding board member of MENA Fintech Association which helps in shaping the future of financial services in the UAE.

28. Ola Doudin

Ola Doudin is the Cofounder and CEO of BitOasis which is digital asset exchange and wallet. It allows individuals to purchase, sell and trade digital assets. Along with the digital wallet and trading services, they also offer consulting services to the organizations.

29. Omar Rana

Omar Rana is the co-founder and director of strategy and finance in Finalytix. Finalytix provides financial advice and wealth management of a company. Omar is also a global fintech speaker who was invited to talk at various conferences.

30. Omeed Mehrinfar 

Plug and Play Tech is a platform that connects Startups and the world’s largest corporations. Omeed Mehrinfar is the regional director of such an innovative platform that helps the startups, investors, etc connect with each other. Plug and Play Tech work on the main objective to catalyze technological advancement.

31. Osama Al Rahma

Osama Al Rahma is the CEO of the Al Fardan Exchange. Al Fardan Exchange is a well-known exchange center in the UAE. Apart from the Al Fardan Exchange center, he is a board member of certain well-acclaimed companies like Foreign Exchange and Remittance group, 2 the point, who is responsible for the development of strategies. 

32. Tim Buckler

Tim Buckler is the Digital Sales Manager in Emirates Islamic Bank. With 9+ years of experience in the field of digital finance, his strategies mainly focus on developing overall e-commerce experiences. He helps in building the digital channel that eventually drives towards the customer and product gain.

33. Preeti Mundhra

Preeti Mundhra the Head of Marketing and Partnerships at the Liv. Digital Bank is one of the best fintech influencers in the UAE through Liv. account which is one of the best initiatives in the fintech space. 

34. Shaheen Alkhudhari

The founder and CEO of the well-known rent and property management platform, Ajar Online is Shaheen Alkhudhari. This platform helps homeowners manage their properties by offering a quick online rent collection facility. This makes the process of receiving or sending rent very easy.

35. Khalid Saad

Khalid Saad is the CEO of Bahrain Fintech Bay. Bahrain Fintech Bay is the first fintech hub in Bahrain and largest fintech hub in the MENA region. He is also the Executive Director of Fintech Consortium which helps in growth and acceleration of Fintech ecosystems.

36. Sonny Zulu

Sonny Zulu is the Managing Director and Head of Retail Banking at Standard Chartered Bank. He is known for delivering outstanding performance at work which helped in the growth of profits, revenue, etc.

37. Eric Modave

Eric Modave is the Chief Operating Office in Arab Bank who is in charge of all the IT operations, Enterprise Digital Innovation, data management, etc. for the bank. Prior to the Arab bank, he worked at top-noted banks in other regions.

38. Denit Varghese

Denit Varghese is the Senior Digital Planner at Carat. With long career experience in the field of digital marketing, his motto of looking at the long term success rather than short term returns makes him the best at the industry.

39. Bogdan Maranu

Bogdan Maranu is the Associate Media Director at Spark Foundry. It is a start-up that melds an innovative business approach with resources and capabilities. 

40. Omar Bin Brek 

Omar Bin Brek is the founder of the UAE Fintech Startup Foloosi. Foloosi facilitates consumer to business payments with advanced technical solutions. This is definitely a good add-on to fintech realm.

Source :
https://www.mymoneysouq.com/financial-blog/top-40-fintech-influencers-to-follow-in-the-middle-east/