Doha, Qatar: Dibsy, a prominent payment solutions provider, has partnered with QNB, the largest financial institution in the Middle East and Africa, to unveil an enhanced version of Visa Click to Pay for retailers in Qatar. This pioneering collaboration marks the first global implementation of Click to Pay with biometric authentication, establishing a new benchmark […]
BRUSSELS — Chinese online retailer Temu is under investigation by European Union regulators over potential breaches of the EU’s Digital Services Act (DSA), which seeks to prevent the sale of illegal products and safeguard consumers, officials announced Tuesday. If found in violation, Temu could face fines up to 6% of its global revenue. The European […]
October 30, 2024 In a landmark agreement, Orange Middle East and Africa (OMEA) and Mastercard have announced a strategic partnership aimed at enhancing financial accessibility across Sub-Saharan Africa. This significant collaboration will enable millions of Orange Money wallet holders to make digital payments with Mastercard’s extensive global network of merchants by 2025. The initiative is […]
In a strategic move to advance its artificial intelligence capabilities, OpenAI has partnered with Taiwan Semiconductor Manufacturing Company (TSMC) and Broadcom to develop an in-house AI chip, according to sources reported by Reuters. While initially considering the establishment of dedicated chip manufacturing facilities, OpenAI has reportedly set aside those plans, choosing instead to concentrate on […]
Dubai, UAE — October 25, 2024 Google has officially launched its “Google for Startups Accelerator: AI First” programme at a prominent event held at the Dubai Future Foundation Auditorium. The event celebrated the programme’s inaugural cohort, featuring 15 exceptional startups from the Middle East, North Africa, and Turkey, all leveraging AI to address challenges in […]
Amsterdam and Dubai, October 25, 2024 – VEON Ltd. (Nasdaq: VEON, Euronext Amsterdam: VEON), a global digital operator, today announced a strategic partnership between JazzCash, its financial services arm in Pakistan, and Dgpays, a prominent financial infrastructure technology provider in the EMEA region. The collaboration aims to elevate JazzCash’s e-commerce payment gateway, significantly enhancing transaction speed, security, and […]
Beijing & Purchase, New York – October 21, 2024 – Mastercard has announced the launch of its latest product, Mastercard Move Commercial Payments, designed to streamline and transform cross-border commercial payments for banks. Revealed at the annual Sibos conference in Beijing, this groundbreaking solution aims to address long-standing challenges in the cross-border payment ecosystem, providing […]
Johannesburg, South Africa: Visa has announced a strategic partnership with littlefish, an omni-channel platform that empowers financial institutions by offering a suite of business solutions tailored to support micro, small, and medium-sized enterprises (MSMEs) across Africa. This collaboration aims to streamline both in-store and online digital experiences for MSMEs through advanced business solutions and value-added […]
Dubai, October 17, 2024 — Emirates NBD, Dubai’s largest bank by assets, announced flat net profit for the third quarter of 2024, as an increase in net interest income was offset by higher impairment charges and investments aimed at driving future growth. For the July-to-September period, the bank posted a net profit of 5.2 billion […]
San Francisco, October 9, 2024 — Stripe, a leading financial infrastructure platform, today announced an expanded partnership with NVIDIA, aimed at advancing AI technology to benefit Stripe’s customers and improve fraud detection. The collaboration will also broaden global access to NVIDIA’s cutting-edge GPUs and AI software, allowing developers and enterprises to prepay for selected NVIDIA […]