Latest news with #Mamo
Mid East Info
3 days ago
- Business
- Mid East Info
Mamo Crosses AED 1.2 Billion in Total Payment Volume, Accelerates Vision to Become UAE's Leading Financial Hub for SMEs
Mamo, the UAE-born fintech building the future of business finance, today announced that it has crossed AED 1.2 billion in total payment transaction volume. The milestone marks a major step forward in the company's mission to simplify financial operations for businesses in the region. Founded with the goal of empowering businesses through simpler, faster, and more transparent financial tools, Mamo has rapidly grown into a trusted partner for thousands of businesses across the UAE. ' Reaching AED 1.2 billion in total processed volume isn't just a number – it's a reflection of the trust our customers place in us and their pressing need for better financial tools ', said Imad Gharazeddine , co-founder and CEO of Mamo. ' Our vision is to become a one-stop financial management platform for businesses – offering everything from payments to expense management, and credit. ' Following the success of its core payments and business wallet products, Mamo is expanding its offerings to support the full financial life cycle of a business. In the coming months, the company will launch a Mamo-branded credit card designed specifically for growing businesses, providing flexible access to short-term credit, real-time spend insights, and seamless integration with Mamo's dashboard. Mamo's growth reflects a broader shift in the region toward smarter, founder-friendly financial infrastructure. With legacy payments infrastructure often falling short of the needs of modern businesses, Mamo's agile and tech-first approach has resonated deeply with the UAE's entrepreneurial ecosystem. As it continues to scale, Mamo remains focused on key pillars: trust, simplicity, and financial empowerment. With the AED 1.2 billion milestone crossed, the company is doubling down on innovation to help businesses save time, reduce costs, and grow with confidence.
Zawya
3 days ago
- Business
- Zawya
Mamo crosses AED 1.2bln in total payment volume
Dubai, UAE - Mamo, the UAE-born fintech building the future of business finance, today announced that it has crossed AED 1.2 billion in total payment transaction volume. The milestone marks a major step forward in the company's mission to simplify financial operations for businesses in the region. Founded with the goal of empowering businesses through simpler, faster, and more transparent financial tools, Mamo has rapidly grown into a trusted partner for thousands of businesses across the UAE. ' Reaching AED 1.2 billion in total processed volume isn't just a number - it's a reflection of the trust our customers place in us and their pressing need for better financial tools ', said Imad Gharazeddine, co-founder and CEO of Mamo. ' Our vision is to become a one-stop financial management platform for businesses - offering everything from payments to expense management, and credit. ' Following the success of its core payments and business wallet products, Mamo is expanding its offerings to support the full financial life cycle of a business. In the coming months, the company will launch a Mamo-branded credit card designed specifically for growing businesses, providing flexible access to short-term credit, real-time spend insights, and seamless integration with Mamo's dashboard. Mamo's growth reflects a broader shift in the region toward smarter, founder-friendly financial infrastructure. With legacy payments infrastructure often falling short of the needs of modern businesses, Mamo's agile and tech-first approach has resonated deeply with the UAE's entrepreneurial ecosystem. As it continues to scale, Mamo remains focused on key pillars: trust, simplicity, and financial empowerment. With the AED 1 billion milestone crossed, the company is doubling down on innovation to help businesses save time, reduce costs, and grow with confidence. About Mamo Mamo is a UAE-based fintech company that helps hundreds of businesses save time and costs by automating payment collection and corporate expense management through a single platform. In 2022, Mamo became the first fintech startup licensed by the DFSA with a Category 3C Providing Money Services license. For more information about Mamo and its services, visit
Zawya
21-05-2025
- Business
- Zawya
Ripple builds on Dubai regulatory license to announce Zand Bank and Mamo as first blockchain-enabled payments clients in the UAE
Dubai – Ripple, the leading provider of digital asset infrastructure for financial institutions, today announced two new customers in the UAE utilizing Ripple Payments. Ripple Payments employs blockchain, digital assets, and a global network of payout partners to deliver fast, transparent, reliable cross-border payments and on/off ramps for banks, crypto companies, and fintechs worldwide. Since becoming the first blockchain-enabled payments provider to be licensed by the Dubai Financial Services Authority (DFSA), Ripple has established partnerships with Zand Bankand Mamo who will utilize Ripple's blockchain-enabled cross-border payments solution. This functionality, paired with the new DFSA license, enables Ripple to manage payments end-to-end on behalf of its customers, moving funds across the globe 24/7/365, and settling payments in a matter of minutes – reducing time and friction, and making the movement of value in and out of the UAE dramatically more efficient. 'Securing our DFSA license enables Ripple to better serve the demand for solutions to the inefficiencies of traditional cross-border payments, such as high fees, long settlement times, and lack of transparency, in one of the world's largest cross-border payments hubs. Our new partnerships with Zand Bank and Mamo are testament to the momentum that the license has created for our business,' said Reece Merrick, Managing Director, Middle East and Africa, at Ripple. 'As the global cross-border payments market grows, the leadership demonstrated by authorities in the UAE to create a supportive environment for crypto innovation has positioned the nation and its native companies to benefit from the transformative power of blockchain technology to drive efficiency and innovation in payments." Ripple is seeing increasing demand for its payments solution across the Middle East from both crypto-native firms and traditional financial institutions. According to Ripple's 2025 New Value Report, 64% of Middle East and Africa (MEA) finance leaders see faster payments and settlement times as the biggest impetus for incorporating blockchain-based currencies into their cross-border payments flows. 'As a pioneering financial institution with a full-fledged banking license, Zand Bank is paving the way for a stronger digital economy by offering innovative financial products as well as AI and blockchain solutions alongside our institutional-grade digital asset custodial services,' commented Chirag Sampat, Head of Treasury and Markets at Zand Bank. 'Our collaboration with Ripple highlights our commitment to empowering global payment solutions through blockchain technology. Moreover, we are excited to soon launch an AED-backed stablecoin, designed to further enhance seamless and efficient transactions in the rapidly evolving digital economy.' 'The UAE is on an incredible growth path, with over a million businesses expected to call it home by 2030. At Mamo, we're proud to be at the forefront of this journey making global payments simpler and more accessible for everyone,' said Imad Gharazeddine, CEO and co-founder of Mamo. 'Our partnership with Ripple is a big step forward. It allows us to offer faster, more reliable cross-border payments for both businesses and consumers, helping companies across the UAE scale with confidence.' Ripple's simple, secure, compliant digital asset infrastructure means it is well-positioned to provide the core services that financial institutions need to tokenize, store, exchange and move digital assets. Ripple Payments has near-global coverage with 90+ payout markets representing more than 90% coverage of the daily FX markets, processing more than $70 billion in volume. Ripple's licensed payments solution is now available in Dubai, the U.S., Brazil, Mexico, Australia and Switzerland. Ripple has over a decade of experience in the digital asset space and holds 60+ regulatory licenses and registrations in various jurisdictions, including its DFSA license, which was granted in March 2025. About Ripple Ripple is the leading provider of digital asset infrastructure for financial institutions—delivering simple, compliant, reliable software that unlocks efficiencies, reduces friction, and enhances innovation in global finance. Ripple's solutions leverage the XRP Ledger and its native digital asset, XRP, which was purpose-built to enable fast, low-cost, highly scalable transactions across developer and financial use cases. With a proven track record working with regulators and policymakers around the world, Ripple's payments, custody and stablecoin solutions are pioneering the digital asset economy—building credibility and trust in enterprise blockchain. Together with customers, partners and the developer community, we are transforming the way the world tokenizes, stores, exchanges, and moves value. About Zand Bank Licensed by the Central Bank of the UAE, Zand is an AI-powered bank founded to support the digital economy and bridge the gap between Traditional Finance (TradFi) and Decentralized Finance (DeFi). Our mission is to revolutionize the world of finance by leveraging AI, Blockchain Technology, and client-centric solutions to empower corporate, institutional, fintech, and wealth clients to thrive in the evolving digital economy. Our purpose is to empower innovators, ambitious leaders, and bold pioneers to shape the future of finance and unlock new opportunities for success. Zand combines the speed and flexibility of a fintech, with the security and strength of a fully licensed bank. Zand, the AI-powered bank for the digital economy. For more information, please visit About Mamo Mamo is a UAE-based fintech company that helps hundreds of businesses save time and costs by automating payment collection and corporate expense management through a single platform. In 2022, Mamo became the first fintech startup licensed by the DFSA with a Category 3C Providing Money Services license. For more information about Mamo and its services, visit
Hamilton Spectator
21-05-2025
- Politics
- Hamilton Spectator
Indigenous groups send eviction notice to Quebec forestry companies
MONTREAL - Two Indigenous organizations have issued eviction notices to a number of Quebec forestry companies in the province's Saguenay–Lac-Saint-Jean, Mauricie and Côte-Nord regions. The Mamo alliance and the Association des Gardiens du territoire Nehirowisiw Aski sent the notices to 11 companies. The notices ordered the companies to immediately remove their workers and equipment from unceded Indigenous territory. The letters are a response to the Quebec government's proposed forestry reform, which has drawn opposition from environmentalists and First Nations. The reform would include creating so-called 'priority forest management zones' set aside for the logging industry. The organizations say Bill 97 threatens ancestral rights and was tabled without Indigenous consent. This report by The Canadian Press was first published May 20, 2025.
Winnipeg Free Press
20-05-2025
- Politics
- Winnipeg Free Press
Indigenous groups send eviction notice to Quebec forestry companies
MONTREAL – Two Indigenous organizations have issued eviction notices to a number of Quebec forestry companies in the province's Saguenay–Lac-Saint-Jean, Mauricie and Côte-Nord regions. The Mamo alliance and the Association des Gardiens du territoire Nehirowisiw Aski sent the notices to 11 companies. The notices ordered the companies to immediately remove their workers and equipment from unceded Indigenous territory. The letters are a response to the Quebec government's proposed forestry reform, which has drawn opposition from environmentalists and First Nations. The reform would include creating so-called 'priority forest management zones' set aside for the logging industry. The organizations say Bill 97 threatens ancestral rights and was tabled without Indigenous consent. This report by The Canadian Press was first published May 20, 2025.
