Nubank is set to announce a groundbreaking partnership with a prominent Middle East entity to launch its services in Saudi Arabia.
This move is way ahead of Revolut’s highly anticipated entry into the United Arab Emirates (UAE).
With the full blessing of the Saudi Central Bank—SAMA and the support of the Saudi royal family—Nubank is poised to reshape the Kingdom’s financial services landscape.
Furthermore, the launch will bring Nubank’s cutting-edge solutions to a region hungry for innovation.
Nubank is a Brazilian neo-bank headquartered in São Paulo, Brazil. Revolut is a London-based financial services firm.
Both fintechs are in the race to digitise banking in the Middle East Market. However, this launch may give Nubank a leading edge in revolutionizing banking for millions in the region.
