The introduction of Jaywan Cards will help Bank of Baroda’s UAE unit significantly enhance merchant acceptance by offering lower costs and fees
payment solution
Latest in payment solution
First Abu Dhabi Bank
FAB becomes first MENA bank to launch Oracle-Mastercard embedded finance solution
The collaboration combines the strengths of the two industry leaders to revolutionise B2B finance and payments processes
Digital Dubai
Dubai Government adds new Tabby payment option on DubaiPay
Tabby joins various other payment methods available on DubaiPay, such as credit cards, direct debit cards, smart wallets, online banking services, Apple Pay, and Google Pay
Brand View
Safaricom, Mastercard partner to boost digital payments in Kenya
The partnership will utilise M-PESA’s merchant network and Mastercard’s global payment infrastructure to provide payment solutions to merchants, enabling them to serve customers in global markets
contactless payments
Indian digital venture Safexpay expands tailored payment solutions across GCC markets
Safexpay announced plans to invest $10 million in the GCC region to ensure the success of its operations
digital economy
Payments platform Pine Labs announces UAE expansion
Pine Labs opened a new UAE office at Emaar Business Park, Sheikh Zayed Road, Dubai
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
digital payments
ENOC implement’s Emirates NBD’s new payment solutions platform
The new platform enables the Group to directly initiate and approve local and foreign currency payments from their ERP system
acquisitions
Careem buys remittance platform Denarii as firm goes on purchasing spree to expand ‘Super App’
The move follows its earlier acquisition of Dubai-based food subscription platform Munch:On
Amira Fadel
How virtual credit cards benefit startups in the MENA region as digital payments grow
Regional customers use 25.4 such cards compared to global average of 12.5, Tribal indicated
Brand View
Payment solutions firm PayerMax enters the MENA region to boost digital adoption and financial inclusion
The firm offers global digital merchants and Middle East payment institutions the ability and scale to offer localised and financially inclusive payment methods in major markets with a single API
Financial Services
UAE fintech app Ziina closes $7.5m funding round
Investment to be used to fuel expansion into Saudi Arabia and launch new wallet service
digital payments
Checkout.com leads $110 million round for Saudi fintech Tamara
Proceeds of the Series A capital raise, which includes both equity and debt, will be used to bankroll Tamara’s expansion across the Gulf markets by the end of this year and then the rest of the Middle East
digital business
Video: Fintech helping women empowerment, Mastercard’s Sridhar says
Rama Sridhar, executive vice president of digital partnerships and new payment flows for Asia Pacific at Mastercard Inc., explains why she thinks digital commerce is critical for the empowerment of women, and discusses her company’s efforts to boost gender equality.
Apple Pay
Money Talks: Visa delves into the future of online payments
The UAE has set itself a big aim to become a completely cashless society within the next few years.
digital innovation
How to achieve exponential innovation in the Middle East
Gaurang Shah, SVP of Product Management, Digital Payments & Labs, MEA, Mastercard tells CEO Middle East why the word innovation is over-used and how tech companies must evolve their thinking to be able to compete in today’s landscape
digital payment service
UAE’s Network Int’l says net income up 5% as payments business grows
UAE-based payment solutions provider delivers 9.3% growth in the Middle East in the first six months of 2019
