The Abu Dhabi bank is collaborating with KSA fintech company Geidea and digital payment solutions company Magnati
Magnati
Latest in Magnati
E-commerce
Metaverse shopping: UAE sees ‘first metaverse marketplace’ with traditional payment infrastructure
The platform is integrated with traditional payment rails and gateways
Careem
Revealed: You can now request and send money to any user in the UAE through the Careem Pay app
Money from the Careem Pay digital wallet can be withdrawn to any UAE bank account, and will soon be directly usable for goods and services beyond the Careem app
Brand View
Saudi fintech firm Geidea partners with Magnati to bring payment solutions offering into the UAE
Geidea’s expansion into the UAE follows its launch into the Egyptian market in June 2021
Brookfield Asset Management
Brookfield said to be in talks for payments arm of the UAE’s largest bank
Sources say Canadian investor is the frontrunner to acquire Magnati unit
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digital banking
First Abu Dhabi said to start sale of $1bn payments arm
Banking group is working with Morgan Stanley to reach out to potential investors, according to reports
digital banking
UAE’s largest lender unveils payments subsidiary Magnati
Existing payments business is now a fully owned subsidiary as it looks to build on $18bn deals in 2020
