MoneyGram, a financial technology company creating trusted global payments and financial solutions for an increasingly connected world, and Mastercard (NYSE: MA) have joined forces to advance digital money movement both domestically and across borders. MoneyGram is implementing Mastercard Move, Mastercard’s portfolio of money transfer solutions, providing its customers with enhanced access to fast, secure and near real-time payments[1]. […]
The Ajman Transport Authority, in collaboration with BPC, a global leader in payment solutions, has announced the launch of an open-loop and contactless payment system in public transport buses. Powered by BPC’s O-CITY platform, this system is a next-generation solution for fare collection in the transport sector and smart cities. Through this initiative, the Authority […]
Doha, Qatar: Mastercard has revealed its intent to set up a physical presence for its global Mastercard Academy in Doha with the aim of enhancing skill sets across the financial industry for regional and global players. The first of its kind Hub will create a learning and innovation ecosystem powered by Mastercard and business schools from […]
The Central Bank of the UAE on Thursday introduced a new symbol for the nation’s currency, both in its physical and digital forms, marking a significant step in reinforcing the UAE’s status as a leading global financial center. According to the Emirates News Agency or WAM, the newly unveiled dirham symbol draws inspiration from the […]
Dubai, UAE –– Al Ansari Digital Pay, the fintech arm of Al Ansari Financial Services PJSC (DFM: ALANSARI), has secured final approvals from the Central Bank of the UAE (CBUAE) for both the Stored Value Facility (SVF) and Retail Payment Services and Card Schemes (RPSCS) licenses. This marks a pivotal step toward the official launch of its […]
Dubai, United Arab Emirates: Emirates NBD, a leading banking group in the Middle East, North Africa, and Türkiye (MENAT) region, has signed a Memorandum of Understanding (MoU) with BlackRock to create an investment platform that will provide the bank’s wealth clients access to alternatives, specifically within private markets. Traditionally only available to institutional investors in the […]
Dubai, UAE – In a landmark move to accelerate the growth of startups, Ignyte has announced a strategic partnership with PayPal, one of the world’s leading fintech innovators. This collaboration aims to empower entrepreneurs across the UAE and the wider region by enabling seamless cross-border payments and fostering global business operations from day one. The partnership aligns with the Dubai […]
Dubai’s rise in the Global Financial Centre Index underscores the DIFC’s pivotal role in shaping the city as a major player in the fintech sector. Dubai has secured a spot among the top five cities worldwide for fintech, as revealed in the latest Global Financial Centre Index (GFCI) rankings. This recognition highlights the significant contributions […]
The product averaged 60 million real-time optimizations each day in 2024, increasing merchant acceptance rates by an average of 3.8%. Enterprise brands including Vinted, Papa Johns, and Delivery Hero are among those benefiting. MIDDLE EAST: Checkout.com, a leading global digital payments company, has announced that its Intelligent Acceptance product, an AI-powered engine designed to help enterprise […]
March 25, 2025 Dubai – UAE: Alhuda Center of Islamic Banking and Economics (CIBE), a globally recognized leader in promoting Islamic banking and finance, has signed a landmark agreement with Autosoft Dynamics, a renowned banking software solutions provider, to introduce cutting-edge core banking system along with end-to-end Shariha Compliance Islamic Suite (Consumer & Commercial) for Banking / […]