In the biggest acquisition made by a New Zealand company, accounting software giant Xero to buy the New York payments provider for $2.5bn
Payment solutions
Latest in Payment solutions
Bolt
“We don’t want to take an American approach”: BOLT’s Justin Grooms on building for the UAE
How the fintech leader is localising trust, data and identity for the UAE’s fast-moving digital economy
checkout.com
UAE’s du Pay taps Checkout.com to strengthen payments infrastructure
The partnership enables du Pay to make use of Checkout.com’s unified platform for seamless back-end processing, accelerating financial inclusion in the UAE
cross-border payments
PayPal, TerraPay partner to boost real-time digital transfers across Middle East and Africa
The MENA digital payments market, estimated at $251.34 billion in 2025, is expected to reach $422.56 billion by 2030
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
contactless payments
HyperPay unveils HyperTap for secure contactless payments via smartphones in UAE
The new payment solution allows smartphones to serve as contactless POS terminals without the need for additional hardware
Al Etihad Payments
Al Etihad Payments, Mastercard launch Jaywan co-badged cebit and prepaid cards in UAE
Jaywan-Mastercard debit and prepaid cards will enable cardholders to carry out secure, simpler, smarter and more accessible payment transactions, including e-commerce transactions
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
cross-border payments
Dubai-headquartered fintech MANSA secures $10mn in funding to expand cross-border payments solutions
The funds will support the company’s market expansion into Latin America and Southeast Asia
BNPL
Tamara, Mastercard launch virtual payment card in bid to grow UAE’s BNPL market
The partnership will enable Tamara to grow its product suite through added value services provided by Mastercard
digital payments
e& enterprise partners with PayPal to expand digital payment options for UAE businesses
This will be particularly beneficial for merchants in the UAE and the region looking to reach customers abroad, driving cross-border commerce and expanding their market reach
Al Ansari Exchange
Al Ansari to launch payment solutions for underbanked with Abhi collaboration
Customers will be able to access their earned wages prior to the scheduled payroll date and remit funds internationally while deferring payment
checkout.com
Checkout.com teams up with noqodi to revolutionise payment solutions across UAE
As part of the collaboration, Checkout.com will integrate its cutting-edge payment technology with noqodi’s robust digital platform, offering seamless and secure payment solutions
Brand View
A year of momentum with Breinrock’s human touch, global expertise
Breinrock’s global expansion underscores its commitment to blending cutting-edge payment solutions with personalised customer support across key financial hubs
digital payments
PayerMax partners with Saudi Awwal Bank to enhance the Kingdom’s digital payment ecosystem
The partnership aims to redefine the digital payments landscape and streamline the onboarding experience for local merchants, facilitating seamless global transactions
antitrust
US Justice Department sues Visa for monopolising debit card market
Department alleges that the company uses its size and dominance to stifle competition, costing consumers and businesses billions of dollars
Arcapita Group Holdings
Mashreq sells majority stake in NEOPAY for $385 million
Consortium of Arcapita and Dgpays acquires the stake in UAE’s fast-growing payment solutions provider