Top 50 Neobanks and Digital Banking Arms Shaping the Future of Finance in Middle East

Introduction

The financial industry is undergoing a monumental transformation driven by advancements in technology and the evolving expectations of modern consumers. Traditional banking models are being challenged as neobanks and the digital arms of established financial institutions emerge as powerful contenders in the race to deliver seamless, innovative, and personalized financial services.

Neobanks—digital-first banks with no physical branches—and digital banking divisions of legacy institutions are leveraging cutting-edge technologies such as artificial intelligence, blockchain, and cloud computing to redefine banking experiences. By focusing on customer-centric solutions, these players are addressing gaps in traditional banking services, such as accessibility, speed, and transparency.

The rise of neobanks and digital banking arms has democratized access to financial tools, empowering individuals and businesses worldwide. Through mobile-first platforms, instant account setups, and AI-driven financial management tools, they are shaping the future of finance by emphasizing simplicity, inclusion, and innovation.

This blog post highlights 50 leading neobanks and digital banking divisions that are revolutionizing the financial sector, fostering innovation, and driving the adoption of next-generation banking solutions in the Middle East.

The Importance of Neobanks and Digital Banking Arms

The impact of neobanks and digital banking arms extends far beyond convenience; they are actively reshaping the global financial landscape by:

As these institutions continue to evolve, their emphasis on technology-driven solutions is revolutionizing how individuals and businesses manage money, access credit, and build wealth.

Criteria for Leading Neobanks and Digital Banking Divisions

The most influential neobanks and digital banking arms excel in the following areas:

By addressing these criteria, these companies are not only transforming financial services but also setting new benchmarks for the industry.

50 Top Neobanks and Digital Banking Divisions in 2025

This list features 50 standout neobanks and digital banking arms redefining modern finance in Middle East. From agile fintech startups to digital-first banking divisions of established players, these entities are driving financial innovation, enhancing inclusion, and paving the way for the future of banking.

While not ranked, this diverse lineup showcases the breadth and depth of innovation shaping the financial sector today.

1. Liv 

Liv redefines digital banking in the UAE by integrating lifestyle features tailored for young professionals and digitally savvy consumers. Offering seamless mobile experiences, Liv empowers users with tools like instant personal loans, flexible credit cards, and rewards-based accounts. Their innovative Bonus Multiplier Account, for example, provides salary-based rewards, while their app ensures financial management is engaging and user-friendly.

Liv’s impact goes beyond banking. With initiatives like the Liv Young app, they focus on financial literacy for individuals aged 8-17, preparing the next generation for responsible money management. By seamlessly combining banking and lifestyle needs, Liv is leading the way in making financial services accessible, rewarding, and relevant to the younger generation.

2. Mashreq Neo

Mashreq Neo is a fully digital bank in the UAE, offering a range of banking services entirely through its mobile platform. With a focus on providing an innovative, seamless experience, Mashreq Neo allows customers to manage their banking needs efficiently—from savings accounts to personal loans—all with a few taps on their smartphones. It simplifies financial management with features like instant loan approvals, high-yield savings options, and customized financial solutions.

As a digital-first bank, Mashreq Neo prioritizes accessibility and convenience, offering a fully online onboarding process and real-time transaction tracking. By embracing technology, Mashreq Neo is redefining banking for the modern, tech-savvy consumer.

3. Al Maryah Community Bank 

Al Maryah Community Bank, based in the UAE, is the country’s first fully digital community bank, designed to offer personalized and accessible financial solutions. Focused on empowering individuals, families, and small businesses, the bank provides a comprehensive range of services through a seamless digital platform. Its offerings include account management, payments, savings, and credit services, all accessible via a user-friendly mobile app.

The bank’s mission is to bring banking closer to the community by leveraging technology to simplify financial management and promote inclusion. By integrating AI-driven insights and secure digital solutions, Al Maryah Community Bank delivers innovative, efficient, and customer-focused experiences. Positioned as a pioneer in digital banking, it is reshaping the financial landscape for communities in the UAE.

4. ADCB Hayyak 

ADCB Hayyak is a fully digital banking service offered by Abu Dhabi Commercial Bank (ADCB) in the UAE. Designed to simplify banking, Hayyak provides a seamless mobile experience for customers, allowing them to manage all their banking needs without visiting a branch. Whether it’s opening accounts, transferring funds, or managing finances, the app ensures a fast and efficient service.

Focusing on a user-friendly interface, ADCB Hayyak is aimed at offering convenience and accessibility to a wide range of customers, providing them with an intuitive and secure platform to handle day-to-day banking activities. It represents a step toward the future of digital banking in the UAE, emphasizing simplicity and digital innovation.

5. Pepper 

Pepper is a digital bank launched by Leumi Bank in Israel, offering a comprehensive suite of financial products entirely through its mobile app. With a focus on providing a modern, user-friendly banking experience, Pepper allows customers to manage everything from savings accounts and loans to credit cards and investments, all in one digital space. By eliminating the need for physical branches, Pepper makes banking more convenient and accessible.

Leveraging technology to simplify financial management, Pepper offers personalized services such as spending analysis, budgeting tools, and real-time financial insights, catering to the evolving needs of its tech-savvy customer base. It stands as a prime example of how digital banking can transform the financial landscape, offering tailored solutions that are both efficient and customer-centric.

6. ila 

ila is a standalone neobank launched by Bank ABC in Bahrain, focusing on delivering mobile banking solutions for a modern, tech-savvy audience. With a fully digital platform, ila offers a wide range of banking services, including savings accounts, loans, and credit cards, all accessible through its intuitive mobile app. The bank aims to simplify financial management by providing users with easy-to-use tools for tracking expenses, setting savings goals, and managing finances on the go.

Designed to meet the needs of a new generation of banking customers, ila places an emphasis on convenience, security, and personalized financial experiences, making it an ideal choice for individuals seeking a fully mobile and digital banking experience in Bahrain.

7. meem 

meem is a digital banking service launched by Gulf International Bank (GIB) in Saudi Arabia, designed to offer a user-friendly mobile banking experience. With its intuitive app, meem allows customers to access a range of banking services, including personal accounts, savings products, and credit cards, all managed through their smartphones. The service aims to simplify financial tasks and make banking more convenient for the modern consumer.

By focusing on providing a seamless, digital-first experience, meem ensures customers can handle their finances efficiently and securely without the need for physical branches. The bank’s commitment to innovation and customer-centric services makes it a leading example of digital banking in Saudi Arabia.

8. Hala 

Hala is a digital financial services platform based in Saudi Arabia, tailored specifically to meet the needs of digital users. Offering a range of innovative financial solutions, Hala simplifies the way customers manage their money, providing accessible, user-friendly services like digital payments, mobile banking, and personal finance management tools. The platform emphasizes convenience and speed, leveraging technology to create a seamless experience for users to carry out everyday financial tasks.

Hala stands out by delivering personalized financial services that cater to the evolving digital habits of consumers, making it easy to manage finances through a secure and intuitive mobile interface. It represents a new era of banking in Saudi Arabia, where traditional services are transformed to fit modern digital lifestyles.

9. Dopay 

Dopay is a digital platform based in Egypt that provides innovative payroll solutions, focusing on bringing financial inclusion to unbanked individuals. By offering a digital payroll system, Dopay enables businesses to pay employees electronically, eliminating the need for traditional cash payments. This system helps improve financial transparency, reduce administrative costs, and allow employees to access their earnings through mobile apps or prepaid cards.

In addition to payroll services, Dopay aims to extend financial services to the unbanked population, providing access to a secure and efficient digital financial ecosystem. Through its easy-to-use platform, Dopay is driving greater inclusion and financial empowerment in Egypt, especially for those without access to traditional banking.

10. Now Money 

Now Money is a digital financial service based in the UAE, specifically designed to serve low-income migrant workers. By offering easy account opening and low-cost money transfer services, Now Money overcomes the traditional barriers that prevent migrant workers from accessing banking. Users can open an account in just minutes via the mobile app and send money home at significantly lower fees compared to traditional banks.

Dedicated to financial inclusion, Now Money offers essential banking services to those without access to conventional banking systems, helping them manage their finances more efficiently. By catering to this underserved community, Now Money is empowering migrant workers with greater control over their financial lives.

11. Rise 

Rise is a digital financial platform based in the UAE, designed to cater to millennials by offering easy-to-use savings and investment options through its mobile app. The platform allows users to start investing with low minimum amounts, making it accessible for those new to wealth management. With a focus on simplicity and transparency, Rise helps users set and achieve their financial goals, whether it’s saving for a big purchase or building long-term wealth.

By providing a digital-first experience with personalized financial advice and tools, Rise makes investing more approachable for younger generations, helping them take control of their financial futures with confidence.

12. Xpence

Xpence is a digital platform based in the UAE that provides businesses with comprehensive expense management solutions. Designed to streamline financial processes, Xpence offers features such as invoicing, receipt scanning, and real-time expense tracking, all within a user-friendly mobile app. It helps businesses manage their finances efficiently by automating and simplifying expense reporting and approval workflows.

By offering a seamless experience for businesses of all sizes, Xpence not only reduces administrative overhead but also provides valuable insights into spending patterns, enabling smarter financial decisions and better cash flow management.

13. STC Pay

STC Pay is a leading digital wallet service in Saudi Arabia, launched by STC Group to provide secure and convenient financial solutions. It offers a wide range of services, including instant money transfers, bill payments, and online purchases, all accessible through its user-friendly mobile app. The platform supports domestic and international money transfers, making it a preferred choice for both individuals and businesses.

Focusing on financial inclusion and accessibility, STC Pay empowers users to manage their finances seamlessly without relying on traditional banking. As the first fintech in Saudi Arabia to receive a license from the Saudi Central Bank, it is driving the adoption of digital payments and supporting the Kingdom’s Vision 2030 goals.

14. Benefit

Benefit is Bahrain’s national financial transactions network, established to streamline and enhance electronic payments and banking services in the country. It serves as a central hub for ATM and POS transactions, connecting local banks and facilitating seamless settlements. BENEFIT also operates Bahrain’s electronic check clearing system, enabling same-day settlement for participating banks and enhancing the efficiency of financial operations.

With a focus on innovation, BENEFIT provides a payment gateway service that allows local banks and merchants to process online transactions securely. Additionally, its integration with regional networks like GCC Net and Shetab supports interoperability across the Gulf region. BENEFIT’s mission is to empower Bahrain’s financial sector by delivering robust digital infrastructure and fostering financial inclusion.

15. Bank Muscat Digital 

Bank Muscat Digital is the digital arm of Bank Muscat, Oman’s leading financial institution, offering a seamless and secure digital banking experience for individual and corporate clients. Through its innovative platforms, customers can access a wide range of services, including fund transfers, bill payments, account management, and financial planning tools. The mobile app and internet banking solutions ensure 24/7 convenience, tailored to meet the evolving needs of modern users.

With a strong focus on innovation, Bank Muscat Digital empowers customers to take control of their finances through intuitive, user-friendly technology. The platform reflects the bank’s commitment to enhancing financial inclusion and digital transformation in Oman.

16. QPAY 

QPAY is a leading fintech company in Qatar, specializing in electronic payment solutions tailored for small and medium-sized enterprises (SMEs). It offers a range of services, including payroll management, e-commerce payment gateways, and point-of-sale (POS) systems, designed to simplify financial transactions and enhance business efficiency. QPAY enables businesses to process secure payments, manage employee wages, and conduct online transactions seamlessly.

With a mission to support Qatar’s SMEs, QPAY empowers local businesses to thrive in a growing digital economy. Its commitment to innovation and reliability positions it as a key player in driving financial inclusion and digital transformation in the region.

17. Weyay Bank

Weyay Bank is Kuwait’s first fully digital bank, designed to meet the needs of the younger generation by offering a seamless mobile banking experience. Through the Weyay app, customers can open accounts instantly without the need for physical documentation. The bank provides a range of services, including customizable debit cards, Apple Pay integration, and personalized savings tools to help users manage their finances effectively.

Weyay Bank’s mission is to empower Kuwait’s youth by offering innovative and accessible financial services, aligning with the country’s push for digital transformation. With a focus on simplicity and user-friendly design, Weyay is revolutionizing how young people interact with their finances in Kuwait.

18. AKÖde 

AKÖde is a digital financial service in Kuwait, offering a wide range of electronic payment solutions designed to streamline everyday transactions. Through its platform, users can easily transfer money, pay bills, and manage finances in a seamless, user-friendly environment. AKÖde focuses on simplifying digital payments and enhancing accessibility to financial services, providing an efficient alternative to traditional banking.

With a commitment to innovation and customer-centric solutions, AKÖde is working to improve financial inclusion and make digital financial tools accessible to a broader audience in Kuwait and beyond.

19. Emirates Islamic Bank 

Emirates Islamic Bank is a leading Islamic financial institution in the UAE, offering a wide range of digital banking solutions designed to enhance the convenience and security of its customers’ financial transactions. Through its online and mobile banking platforms, Emirates Islamic provides services such as fund transfers, bill payments, account management, and personalized banking solutions. The bank also offers innovative features like WhatsApp banking and Smart Pass for secure and efficient transactions.

With a strong focus on digital transformation, Emirates Islamic Bank aims to provide seamless, user-friendly banking experiences while maintaining the highest standards of Islamic banking principles.

20. CBD Now

CBD Now is the digital banking platform of Commercial Bank of Dubai (CBD), providing customers with a seamless, secure, and convenient banking experience. The CBD Now app allows users to manage their accounts, transfer funds, apply for loans and credit cards, and access a variety of other banking services. With features like real-time spending tracking and instant fund transfers, it simplifies financial management for individuals and businesses alike.

CBD Now is committed to innovation, offering a fully digital experience that meets the evolving needs of customers in the UAE, enhancing their ability to manage their finances anytime, anywhere.

21. Telda 

Telda is a financial technology company focused on providing innovative banking solutions for young consumers in the Middle East, particularly targeting Millennials and Gen Z. Through its mobile app and prepaid Mastercard, Telda enables users to send and receive money instantly, make online and in-store purchases, and withdraw cash from ATMs globally. With a commitment to simplifying financial management, Telda makes banking accessible, convenient, and user-friendly.

Telda’s expansion into the Saudi market through strategic partnerships demonstrates its vision to foster financial inclusion and enhance the digital banking experience for young people across the region.

22. QNB Qatar

QNB Qatar is one of the largest and most prominent financial institutions in the Middle East, offering a wide array of digital banking solutions designed to provide convenience and accessibility to its customers. Through its robust digital platforms, QNB enables users to manage their accounts, transfer funds, pay bills, and access a range of banking products and services. The bank’s mobile and online platforms ensure that customers can access their accounts anytime and anywhere, making banking simpler and more efficient.

With a focus on innovation, QNB Qatar is committed to delivering secure and user-friendly digital banking experiences that cater to the evolving needs of its clients, supporting the growth of Qatar’s digital economy.

23. Zand 

Zand is the UAE’s first fully licensed digital bank, offering a comprehensive suite of banking services for individuals, businesses, and wealth clients. Zand integrates cutting-edge technology to provide seamless banking experiences, with a strong emphasis on digital innovation, including digital asset services and AI-powered solutions. Through its platform, Zand enables users to manage accounts, make payments, and access a range of financial products, all while maintaining the highest standards of security and efficiency.

With a vision to transform the financial landscape, Zand bridges the gap between traditional banking and decentralized finance (DeFi), creating new opportunities for growth and financial inclusion in the UAE.

24. D360 

D360 is a digital banking platform based in Saudi Arabia, offering a wide range of Sharia-compliant financial services designed to meet the needs of modern users. With a focus on digital transformation, D360 provides easy access to banking services such as account management, fund transfers, and bill payments, all through its user-friendly digital interface. The platform integrates advanced technologies to enhance user experience and operational efficiency, offering fast and secure transactions.

D360’s mission is to provide inclusive, innovative, and accessible banking services that cater to individuals and businesses in Saudi Arabia, contributing to the country’s broader vision for economic development and financial inclusion.

25. Dukhan Bank Digital 

Dukhan Bank Digital offers a comprehensive suite of digital banking services designed to simplify financial management for individuals and businesses in Qatar. The platform provides a variety of services, including account management, fund transfers, bill payments, and more, all accessible through its secure and easy-to-use mobile and online interfaces.

Dukhan Bank Digital focuses on providing a seamless banking experience by prioritizing convenience and security. With a range of digital tools, customers can access their accounts and perform transactions from anywhere, at any time, without the need to visit a physical branch. The platform supports both personal and business banking needs, making it a versatile choice for a wide range of users in Qatar.

26. MyFatoorah 

MyFatoorah is a leading digital payment platform in Kuwait, offering businesses a seamless way to manage transactions and payments online. The platform provides various payment methods, including credit card processing, invoicing, and payment links, making it easier for businesses to receive payments securely and efficiently. MyFatoorah also integrates with e-commerce platforms, allowing businesses to streamline their payment processes without the need for complicated setups.

By simplifying online payments, MyFatoorah supports businesses in Kuwait and the broader region in improving their financial operations, helping them grow and scale while ensuring smooth and secure transactions.

27. NBK Digital

NBK Digital is a digital banking platform offered by the National Bank of Kuwait (NBK), designed to provide convenient and secure banking services to its customers. The platform offers a range of services, including account management, bill payments, fund transfers, and more, all accessible through its online and mobile banking channels. NBK Digital focuses on enhancing the banking experience by allowing customers to manage their finances anytime and anywhere, with a strong emphasis on security and user-friendly interfaces.

With the goal of making banking more accessible, NBK Digital integrates advanced technologies to offer a seamless and efficient banking experience. Additionally, NBK has introduced “Weyay,” Kuwait’s first fully digital bank, to cater to the evolving needs of the younger, tech-savvy generation. Through these digital innovations, NBK continues to contribute to the modernization of the banking sector in Kuwait.

28. Liwwa 

Liwwa is a pioneering fintech company based in Amman, Jordan, that provides accessible, collateral-free financing to small and medium-sized enterprises (SMEs). By leveraging digital platforms, Liwwa offers tailored financial products such as working capital loans, trade finance, and point-of-sale financing. This approach fosters economic growth, enabling businesses to scale and innovate without the burden of traditional collateral requirements.

Liwwa is committed to driving financial inclusion and sustainable development. Since its inception in 2015, the company has disbursed over $46 million in loans, benefiting more than 1,000 SMEs and generating significant economic impact in the region. The company’s efforts have been recognized through partnerships with institutions like the Dutch Good Growth Fund, reinforcing its mission to empower businesses and create jobs in emerging markets.

29. Bankiom 

Bankiom is a financial technology company focused on enhancing global financial well-being by offering seamless digital financial services. Their mission is to simplify financial management and improve the financial health of users through personalized, easy-to-use solutions. By integrating real-time support and actively engaging with users for feedback, Bankiom ensures a tailored experience that evolves with customer needs.

Beyond offering innovative financial tools, Bankiom emphasizes human connection, providing exceptional customer service to create a seamless and supportive financial journey. Their commitment to continuous improvement drives sustainable growth, enabling users to make smarter financial decisions.

30. Ajman Bank

Ajman Bank, based in the UAE, is a leading digital-first financial institution committed to driving innovation in the banking sector. With a focus on providing accessible, sustainable, and tech-enabled banking solutions, Ajman Bank offers a range of services, including personal, corporate, and Islamic banking. Through its robust digital banking platforms, the bank aims to enhance the customer experience by offering seamless and efficient services that cater to the evolving needs of its clients.

Ajman Bank’s mission is to support financial inclusion by providing tailored solutions that foster economic growth and social impact. By integrating advanced technologies and digital tools into its operations, the bank not only promotes sustainability in its services but also leads the charge in the digital transformation of the banking industry in the UAE.

31. Papara

Papara, based in Istanbul, is a pioneering digital financial services platform dedicated to offering simple, secure, and innovative payment solutions. The company provides a wide range of services, including digital wallets, mobile payments, and prepaid cards, all designed to streamline financial transactions for individuals and businesses alike. Through its user-friendly mobile app, Papara eliminates traditional banking complexities, enabling users to manage their finances effortlessly and efficiently.

Papara’s mission is to foster financial inclusion by providing accessible and sustainable digital payment solutions. By leveraging cutting-edge technologies and offering services with no hidden fees, Papara empowers users to take control of their financial lives. Its focus on simplicity and digital innovation positions Papara as a leader in transforming Turkey’s financial landscape, offering solutions that are both eco-conscious and customer-centric.

32. Cwallet

Cwallet, based in Qatar, is a forward-thinking digital wallet platform designed to simplify and revolutionize financial transactions. With a focus on mobile-first solutions, Cwallet enables users to perform a wide range of financial services, including peer-to-peer transfers, bill payments, and online purchases, all through an intuitive and secure mobile app. The platform offers a seamless, cashless experience while ensuring high levels of security and privacy for its users.

Cwallet’s mission is to drive digital financial inclusion in Qatar by providing a modern and sustainable alternative to traditional banking methods. By focusing on cutting-edge technology, the company aims to deliver accessible, low-cost financial solutions that cater to the growing demand for digital-first services. Cwallet’s commitment to sustainability and innovation ensures that its solutions contribute to a more efficient, eco-friendly, and socially inclusive financial ecosystem.

33. Khazna

Khazna, based in Egypt, is a digital-first financial services platform that aims to provide accessible, secure, and innovative solutions for the underbanked and underserved populations in the region. Offering a range of services including digital wallets, savings tools, and bill payments, Khazna makes it easier for individuals to manage their finances and access essential financial services via a user-friendly mobile app. The platform focuses on simplifying financial transactions for everyday users, ensuring convenience and security.

Khazna’s mission is to foster financial inclusion by leveraging technology to create accessible, sustainable, and affordable financial solutions. The company is committed to empowering individuals in Egypt with the tools they need to improve their financial well-being. Through its digital innovation, Khazna is not only transforming the financial landscape but also contributing to a more inclusive and sustainable economy.

34. Alizz Islamic Bank

Alizz Islamic Bank, based in Oman, is a leading provider of Sharia-compliant banking solutions, focused on offering innovative and sustainable financial services. The bank utilizes advanced digital platforms to provide a wide range of products, including personal banking, corporate banking, and investment services, all designed to cater to the diverse needs of its customers while adhering to Islamic principles. With a strong emphasis on digital banking, Alizz Islamic Bank offers seamless online and mobile banking services that prioritize security and ease of use.

Alizz Islamic Bank’s mission is to lead in providing ethical and sustainable financial solutions in Oman, using technology to promote financial inclusion and enhance the customer experience. By integrating digital tools with Islamic financial principles, the bank aims to support the financial well-being of its clients while contributing to a sustainable and inclusive economy. Its commitment to innovation and Sharia-compliant practices positions Alizz Islamic Bank as a forward-thinking leader in Oman’s banking sector.

35. Sohar International Bank

Sohar International Bank, based in Oman, is a leading financial institution known for its digital transformation in the banking sector. The bank offers a wide range of services, including personal banking, corporate banking, and investment solutions, through its user-friendly digital platforms. Sohar International aims to provide its customers with convenient and secure banking experiences through innovative technology and cutting-edge solutions.

The bank’s mission is to be a customer-centric institution that enhances the banking experience by providing digital-first services. Through its focus on innovation, Sohar International is committed to simplifying financial transactions, improving accessibility, and meeting the evolving needs of both individuals and businesses. With its modern banking approach, Sohar International is transforming Oman’s financial landscape.

36. Tamara

Tamara, based in Saudi Arabia, is a leading buy-now, pay-later (BNPL) platform that aims to provide flexible and innovative payment solutions. The platform allows customers to make purchases and split payments over time, offering a seamless and secure digital experience. By partnering with numerous retailers, Tamara enables users to shop online and in-store with ease, enhancing the convenience of their purchasing journey.

Tamara’s mission is to revolutionize the retail and payment landscape in Saudi Arabia by offering simple, secure, and digital-first financial solutions. With its focus on technology and customer-centric services, Tamara is reshaping how consumers manage their payments while empowering businesses with a modern, efficient payment system. Through its innovative approach, Tamara is leading the way in the region’s evolving digital finance sector.

37. YAP

YAP, based in the UAE, is a digital banking platform designed to offer a comprehensive suite of financial services through a mobile-first approach. The platform provides users with an intuitive app to manage their banking needs, including instant payments, savings tools, and seamless access to digital wallets. YAP’s focus is on delivering a simple, user-friendly experience with features that cater to both personal and business financial management.

YAP’s mission is to transform the banking experience in the UAE by offering tech-enabled solutions that prioritize convenience and accessibility. With a strong emphasis on digital innovation, YAP aims to provide users with real-time control over their finances while redefining the traditional banking model. Through its forward-thinking approach, YAP is helping shape the future of banking in the UAE.

38. Boubyan Bank

Boubyan Bank, based in Kuwait, is a leading digital Islamic bank that offers a wide range of Sharia-compliant banking services. The bank provides both personal and corporate banking solutions through innovative digital platforms, focusing on enhancing the customer experience with secure and convenient online banking services. Boubyan’s mobile and internet banking services allow customers to manage their accounts, make transactions, and access banking products easily from anywhere.

The bank’s mission is to deliver high-quality, Sharia-compliant financial services with a strong emphasis on digital transformation. Boubyan Bank aims to simplify financial management for its customers by integrating cutting-edge technology with Islamic banking principles, ensuring both convenience and security. Through its continuous innovation, Boubyan is setting new standards in the banking sector in Kuwait.

39. ZainCash

ZainCash, based in Jordan, is a leading mobile financial services platform that allows users to make secure and seamless payments, transfers, and manage their finances through a mobile app. The service enables users to send money, pay bills, top up mobile credits, and make purchases directly from their smartphones, offering a convenient alternative to traditional banking methods.

ZainCash’s mission is to provide inclusive and accessible financial solutions to individuals and businesses in Jordan. By leveraging mobile technology, the platform aims to simplify financial transactions, making it easier for users to manage their finances on the go. ZainCash’s focus on digital convenience and security positions it as a key player in transforming the mobile payments landscape in Jordan.

40. Tap Payments

Tap Payments, based in Bahrain, is a leading digital payment platform that provides businesses with seamless and secure online payment solutions. The platform offers a range of services, including payment gateways, recurring billing, and multi-currency support, enabling businesses to accept payments from customers worldwide. Tap Payments focuses on simplifying the online payment process with an intuitive interface and advanced technology.

Tap Payments’ mission is to empower businesses in the Middle East and North Africa (MENA) region by offering innovative, secure, and scalable payment solutions. By leveraging cutting-edge technology, the platform aims to streamline the payment experience for both businesses and consumers, facilitating e-commerce growth in the region. Tap Payments’ focus on digital transformation makes it a key player in shaping the future of online payments in the MENA market.

41. Dinarak

Dinarak, based in Jordan, is a leading digital wallet and mobile payment platform that offers a range of convenient financial services. The platform allows users to make secure mobile payments, transfer money, pay bills, and top-up mobile credits, all through a user-friendly app. Dinarak focuses on providing an accessible and efficient alternative to traditional banking, making financial services available to a wider audience.

Dinarak’s mission is to enhance financial inclusion in Jordan by offering a simple and secure digital solution for everyday financial transactions. Through its innovative use of technology, Dinarak aims to improve access to financial services, particularly for those who are underserved by traditional banking systems. By offering a convenient mobile-first experience, Dinarak is contributing to the growth of the digital economy in Jordan.

42. National Bank of Oman (NBO)

National Bank of Oman (NBO), based in Oman, is a prominent financial institution that offers a wide range of banking services, including personal banking, corporate banking, and wealth management. With a strong focus on innovation, NBO leverages digital platforms to provide customers with seamless access to their banking needs, such as online banking, mobile banking, and digital payments. The bank aims to enhance customer experience through secure, efficient, and convenient digital solutions.

NBO’s mission is to be a customer-centric bank that offers innovative financial solutions to meet the evolving needs of its clients. By embracing digital transformation, NBO is committed to simplifying banking and making financial services more accessible. With its focus on technology and customer satisfaction, NBO is playing a pivotal role in shaping the future of banking in Oman.

43. Tweeq

Tweeq, based in Saudi Arabia, is a digital financial platform designed to provide innovative payment solutions and financial services. The platform allows users to make secure transactions, manage finances, and access a variety of digital banking features through an intuitive mobile app. Tweeq’s offerings include seamless payments, budgeting tools, and smart financial management solutions, catering to the modern, tech-savvy consumer.

Tweeq’s mission is to simplify personal finance and payments by providing a convenient, user-friendly experience. By leveraging digital technologies, Tweeq aims to empower users to take control of their financial lives with ease and security. Through its digital-first approach, Tweeq is reshaping the way individuals manage and move their money in Saudi Arabia.

44. Paymob

Paymob, based in Egypt, is a leading digital payment solutions provider that offers businesses secure and seamless payment gateway services. The platform allows merchants to accept payments online, through mobile apps, and in-store, enabling them to reach customers through various digital channels. Paymob’s technology integrates with e-commerce platforms, POS systems, and mobile applications, offering a comprehensive payment solution for businesses of all sizes.

Paymob’s mission is to revolutionize the payment experience in Egypt and the MENA region by providing secure, scalable, and flexible digital payment solutions. By leveraging cutting-edge technology, Paymob aims to simplify financial transactions for businesses, enhancing their ability to operate efficiently and serve customers seamlessly. Through its innovative approach, Paymob is helping to drive the digital economy in Egypt.

45. Warba Bank

Warba Bank, based in Kuwait, is a leading digital bank that offers a wide range of Sharia-compliant banking services, including personal, corporate, and investment banking. The bank is committed to providing customers with a seamless banking experience through innovative digital platforms, including mobile banking and online services, designed to simplify financial management.

Warba Bank’s mission is to provide cutting-edge financial solutions that align with Islamic principles while embracing digital innovation. By leveraging technology, the bank aims to offer efficient, secure, and convenient banking services, enhancing the customer experience. Warba Bank is playing a key role in transforming the banking landscape in Kuwait by offering modern, accessible, and customer-centric solutions.

46. NEC

NEC, based in Bahrain, is a leading provider of digital solutions and services, specializing in advanced technology infrastructure, artificial intelligence, and cloud computing. The company focuses on delivering innovative IT solutions to businesses across various sectors, enabling them to enhance operational efficiency, drive digital transformation, and improve customer experiences. NEC’s offerings include cloud-based platforms, AI-driven analytics, and smart solutions for industries like finance, healthcare, and government.

NEC’s mission is to support businesses in Bahrain and the broader Middle East region by providing technology-driven solutions that foster growth and innovation. By leveraging cutting-edge technologies, NEC empowers organizations to adopt digital solutions that streamline operations and create more agile, responsive businesses. Through its advanced offerings, NEC is playing a pivotal role in shaping the digital future of the region.

47. Gulf International Bank (GIB)

Gulf International Bank (GIB), based in Bahrain, is a prominent financial institution that offers a wide range of banking services, including corporate banking, investment banking, and asset management. GIB focuses on delivering innovative digital banking solutions designed to meet the needs of businesses and individuals in the Gulf region. Through its secure and efficient digital platforms, GIB provides clients with easy access to financial services and real-time transaction capabilities.

GIB’s mission is to provide comprehensive and tailored financial solutions that drive growth and support the evolving needs of its clients. By embracing digital transformation, GIB aims to enhance customer experience through seamless, secure, and efficient banking services. The bank is committed to leveraging technology to redefine the banking experience, ensuring it meets the dynamic needs of businesses and individuals in the Gulf region.

48. Zywa

Zywa, based in the UAE, is a digital banking platform tailored for Gen Z, providing innovative financial solutions designed to meet the needs of younger users. The platform offers features like digital wallets, personalized savings tools, and peer-to-peer payments, all accessible through a sleek and intuitive mobile app. Zywa stands out by creating a user-friendly financial ecosystem that combines banking with social connectivity.

Zywa’s mission is to empower the next generation with tools to manage money responsibly and confidently in a digital-first world. By integrating gamified savings, spending analytics, and community engagement, Zywa aims to redefine how Gen Z interacts with money. With its focus on innovation and user-centric design, Zywa is shaping the future of banking for younger audiences.

49. Wio Bank

Wio Bank, based in the UAE, is a cutting-edge digital bank designed to meet the evolving financial needs of businesses, freelancers, and individuals. Focused on offering seamless digital banking experiences, Wio Bank provides tools such as real-time account management, digital invoicing, and easy payment solutions through a user-friendly platform. It is specifically geared towards enhancing financial efficiency and accessibility for entrepreneurs and startups.

Wio Bank’s mission is to empower businesses and individuals by providing innovative, tech-enabled financial solutions that simplify banking. By leveraging advanced technologies like AI-driven insights and real-time analytics, Wio Bank delivers tailored services that allow users to manage their finances efficiently. With its emphasis on digital-first functionality, Wio Bank is setting new standards for banking in the UAE.

50. One Zero 

One Zero, based in Israel, is a fully digital bank that aims to redefine banking by offering a personalized and tech-driven financial experience. With no physical branches, One Zero provides a comprehensive range of banking services, including account management, payments, loans, and investment options, all accessible through its intuitive mobile app. The bank employs AI-powered tools to deliver tailored financial advice and insights, ensuring a customized experience for each user.

One Zero’s mission is to simplify banking by leveraging technology to create a seamless, efficient, and user-centric platform. By integrating advanced analytics and automation, the bank empowers customers to manage their finances effortlessly. As Israel’s first fully digital bank, One Zero is leading the way in transforming the financial landscape with innovation and convenience at its core.

Neobanks and Digital Banking: Pioneering the Future of Finance

At the forefront of the financial revolution in the Middle East, neobanks and digital banking arms are reshaping how individuals and businesses manage money. By embracing advanced technologies and prioritizing customer-centric solutions, these entities are not just innovating financial services but are also democratizing access to essential banking tools.

Through seamless mobile platforms, AI-powered analytics, and eco-friendly digital operations, these banks are setting new benchmarks by achieving key objectives:

• Enhancing Financial Inclusion: Extending banking services to underserved populations, enabling broader access to essential financial tools.
• Optimizing User Experience: Offering intuitive, secure, and real-time platforms that cater to modern consumers’ evolving needs.
• Driving Innovation: Integrating blockchain, AI, and cloud technologies to deliver personalized, efficient, and transparent services.

At Omdena, we leverage AI to support the growth and sustainability of digital banking platforms, fostering financial inclusion and innovation. Join us in shaping a future where finance is accessible, intelligent, and inclusive.

Discover more about our solutions and be part of the digital banking revolution!