electronic payments Archives

FAB partners with Magnati and Geidea to boost digital payments in Saudi Arabia

Abu Dhabi

FAB signs agreement to accelerate digital payment services in Saudi Arabia

by Staff Writer Fri 25 Aug 2023Fri 25 Aug 2023

The Abu Dhabi bank is collaborating with KSA fintech company Geidea and digital payment solutions company Magnati

UAE Dubai Public Prosecution Flexible Fine Payment Methods

Court Judgment

Dubai announces new travel ban and arrest warrant fine system

by Staff Writer Tue 8 Aug 2023Tue 8 Aug 2023

This new Dubai digital solution targets those found guilty solely of fines in criminal cases

Dubai Public Prosecution Warns: Forging Credit Cards Could Cost You Up to AED2 Million fines

banking fraud

Hefty fines in Dubai: Up to AED2 million for forging credit, debit cards

by Staff WriterMon 24 Jul 2023Mon 24 Jul 2023

The crime can also result in imprisonment alongside hefty fines

Politicians in Bahrain, led by services committee chairman, Ahmed Al Ansari, are leading the case for a renewed drive to accelerate the adoption of electronic payments.

BenefitPay

Bahrain makes push to become cashless society within a decade

by Staff writerWed 30 Jun 2021Wed 6 Oct 2021

Kingdom’s national electronic wallet, BenefitPay announced a 785% increase in the number of remittances through its Fawri+ service in 2020 – exceeding $5m

American Express

American Express launches contactless cards in the Middle East

by Sam BridgeMon 22 Jul 2019Thu 7 Oct 2021

Contactless payment cards will be rolled out across all MENA markets, says American Express

Network International shares begin trading today for 435 pence each

digital payments

Dubai’s Network International jumps in early trading after $1.4bn London IPO

by BloombergWed 10 Apr 2019Thu 7 Oct 2021

Based on the sale price, the company will have a market value of $2.85bn

digital payments

Network International IPO range values firm at up to $3bn

by BloombergMon 1 Apr 2019Wed 6 Oct 2021

Network International will be the first company of scale to test investor appetite in Europe’s lacklustre IPO market

cashless payment

Middle East ‘ripe’ for transition to digital payments, says Network Int’l CEO

by Bernd Debusmann JrWed 6 Mar 2019Sun 14 Nov 2021

Network International processed approximately 680 million transactions across the Middle East and North Africa in 2018

Hitachi Payment Services, a unit of Hitachi will hold 26 percent stake in the JV SBI Payment Services.

digital payments

India’s largest bank SBI inks payments deal with Hitachi

by James MathewTue 5 Mar 2019Wed 6 Oct 2021

State Bank of India announces launch of joint venture for a card acceptance and digital payments platform

currency

UAE’s Network Int’l launches multicurrency payment option

by Sam BridgeTue 30 Oct 2018Wed 6 Oct 2021

Multicurrency Online uses geo-location services to automatically show the exact amount cardholders will be billed in their own currency

It was reported earier this year that Network International’s owners were working with investment banks Evercore and Citi on the IPO, with one source saying that that the IPO would either be a dual listing in Dubai and London or a single listing in either city.

Dubai

Dubai-based payments firm Network International mulls IPO

by Staff writerTue 9 Oct 2018Wed 6 Oct 2021

In a statement to the DFM, Network International said that no decisions have been taken so far