How the fintech leader is localising trust, data and identity for the UAE’s fast-moving digital economy
payment services
Latest in payment services
Central Bank of the UAE
“It’s not rocket science”: Mahmoud Abuebeid on fixing cross-border payments
GSS Group’s CEO on real-time payments, open finance — and what fintech still gets wrong
digital payments
Telr expands Saudi presence through strategic partnership with Saudi Awwal Bank
The partnership will provide merchants with access to a comprehensive suite of payment solutions
CBUAE
Tap Payments obtains UAE Central Bank licence for payment services
The digital payments industry in the UAE continues to expand rapidly, with transaction values projected to reach $80.37 billion by 2025
Investcorp
Investcorp to invest in Italian alternative payments enabler Epipoli
The Bahrain-based company has deployed $280 million in investments since the beginning of the financial year
Bitget
Bitget introduces Bitget Pay for instant zero-fee cross-border cryptocurrency transactions
The launch of the new payment system reflects the ongoing trend toward broader adoption of digital currencies, aiming to meet the growing demand for efficient, borderless financial transactions
digital payments
Indian travellers, NRIs can now make payments through UPI in Qatar
India’s NPCI International teamed with Qatar National Bank to allow UPI payments
digital payments
India’s NIPL partners with Network International to bring UPI payments to UAE
The new payment facility, allowed through Network International’s point-of-sale (POS) terminals in the UAE, will offer seamless and secure transactions for Indian tourists and NRIs
Careem
Careem partners with Payrails to optimise payment solutions across MENA
The partnership will enable the UAE company to enter new markets faster through a central provider for integration with new partners
digital payments
Payrails, inDrive launch payment solution to simplify experiences for MENA customers, cut costs
Payrails rolled out a solution featuring a PSP-agnostic integration layer, dynamic payment routing, and expanded alternative payment method coverage
Dubai
RTA unveils revamped nol Pay app with groundbreaking features
The new nol Pay app has been revamped with 4 innovative features
BNPL
Saudi BNPL provider Tamara raises $150mn debt financing from Goldman Sachs
The funding brings the total equity and debt up to $366 million since its launch
digital payments
Tweeq International gets Saudi Central Bank nod to offer e-wallet services in the country
This takes the total number of payment companies licensed by SAMA to 23
Brand View
ToYou joins forces with Saudi payments infrastructure giant, Geidea
The latest partnership delivers next-level payment infrastructure, boosting customer experience and driving innovation for consumers, partners, and merchants
digital economy
Paymob expands, announces UAE as regional hub
The company is set to make a sizeable investment in the UAE market
Amazon Payment Services
Adoption of digital payments to boost SME growth
The growing e-commerce sector, facilitated in part by a rapidly evolving digital payment ecosystem, can help SMEs unlock new markets
AB Ventures
Saudi Arabia’s HyperPay raises $36.8mn in new investment round led by Mastercard
New funding will support the payment services provider’s regional expansion to Egypt, Qatar and Oman