Latest news with #IhsanAlhayek
Fintech News ME
13-05-2025
- Business
- Fintech News ME
NymCard Secures UAE License to Offer Open Finance Services
NymCard, an embedded finance platform based in Dubai, has been officially licensed to provide Open Finance services under the Central Bank of the UAE's Open Finance regulation. With this development, NymCard is among the first entities in the UAE to offer regulated payment functionality within a broader financial infrastructure through a modular platform. Omar Onsi, CEO of NymCard, said: 'Open Finance is a pivotal shift in how financial products are built and delivered. This milestone reflects our commitment to advancing the UAE's financial ecosystem by delivering impactful financial experiences.' NymCard's approach differs from providers focused only on connectivity. Instead, it offers complete financial products through a single integration. The platform is designed to support a range of sectors, including fintech firms, small and micro businesses, banks, and marketplaces that aim to embed regulated financial features into their services. Ihsan Alhayek, SVP of Open Finance at NymCard, said: 'We're enabling real-world payment use cases through secure, consent-driven A2A flows, giving consumers more choice and merchants a faster, more cost-efficient alternative. It's a major step toward building a more open and accessible payment landscape within a fully regulated framework.'
Finextra
12-05-2025
- Business
- Finextra
NymCard securesOpen Finance license in UAE
NymCard, the MENA region's leading embedded finance platform, today announced that it is now officially licensed to provide Open Finance services under the Central Bank of the UAE's Open Finance regulation. 0 This content is provided by an external author without editing by Finextra. It expresses the views and opinions of the author. With this milestone, NymCard becomes one of the first entities in the UAE to embed regulated payment functionality within a broader financial infrastructure through one modular platform. Omar Onsi, CEO of NymCard, said: "Open Finance is a pivotal shift in how financial products are built and delivered. This milestone reflects our commitment to advancing the UAE's financial ecosystem by delivering impactful financial experiences." Unlike providers focused solely on connectivity, NymCard provides complete financial products through a single integration. This positions NymCard to serve a broad range of sectors including fintechs, SMEs, micro-SMEs, banks, and marketplaces looking to embed regulated financial capabilities into their user journeys. Ihsan Alhayek, SVP – Open Finance at NymCard, added: "We're enabling real-world payment use cases through secure, consent-driven A2A flows—giving consumers more choice and merchants a faster, more cost-efficient alternative. It's a major step toward building a more open and accessible payment landscape within a fully regulated framework." This announcement follows NymCard's recent $33M Series B funding round led by QED Investors, and further strengthens its position as the region's most comprehensive embedded finance provider.
Zawya
12-05-2025
- Business
- Zawya
NymCard launches Open Finance services under CBUAE Open Finance Regulation
UAE – NymCard, the MENA region's leading embedded finance platform, today announced that it is now officially licensed to provide Open Finance services under the Central Bank of the UAE's Open Finance regulation. With this milestone, NymCard becomes one of the first entities in the UAE to embed regulated payment functionality within a broader financial infrastructure through one modular platform. Omar Onsi, CEO of NymCard, said: "Open Finance is a pivotal shift in how financial products are built and delivered. This milestone reflects our commitment to advancing the UAE's financial ecosystem by delivering impactful financial experiences." Unlike providers focused solely on connectivity, NymCard provides complete financial products through a single integration. This positions NymCard to serve a broad range of sectors including fintechs, SMEs, micro-SMEs, banks, and marketplaces looking to embed regulated financial capabilities into their user journeys. Ihsan Alhayek, SVP – Open Finance at NymCard, added: "We're enabling real-world payment use cases through secure, consent-driven A2A flows—giving consumers more choice and merchants a faster, more cost-efficient alternative. It's a major step toward building a more open and accessible payment landscape within a fully regulated framework." This announcement follows NymCard's recent $33M Series B funding round led by QED Investors, and further strengthens its position as the region's most comprehensive embedded finance provider. About NymCard NymCard is the only embedded finance platform operating across 10+ MENA markets with direct scheme access (Visa, Mastercard) and full-stack infrastructure. Through a single platform, NymCard enables clients to build and launch embedded financial services—including card issuing, money movement, and lending—backed by modern APIs, regulatory compliance, and real-time controls. To learn more, visit
