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Discover all the payments and fintech-related news and analysis about United Arab Emirates in The Paypers News, Reports, along with other United Arab Emirates-specific insights on the payments and fintech industry:

Discover all the payments and fintech-related news and analysis about United Arab Emirates in The Paypers News, Reports, along with

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Dubai Islamic Bank launches Roshan Digital Account platform

News | Online & Mobile Banking | 18 Mar 2021

Dubai Islamic Bank has launched its Roshan Digital Account platform, built in collaboration with open API banking solution provider, Codebase Technologies.

product launch, banks, API, digital banking

Telr to allow PayPal payments in UAE

News | Online Payments | 22 Mar 2021

Telr and PayPal have revealed their collaboration, which will allow Telr merchants in the United Arab Emirates to accept PayPal payments for customers shopping online. 

Telr, PayPal, partnership, merchants, online payments

3 out of 4 UAE SMEs optimistic about recovery, Visa Small Business Recovery study reveals

News | Payments General | 23 Mar 2021

The ‘2021 Small Business Recovery’ by Visa has found out that three out of four small businesses in the UAE feel optimistic about business recovery in 2021.

Visa, merchants, survey, retail, coronavirus, digital payments, contactless payments, POS

Stripe launches in the United Arab Emirates

News | Online Payments | 06 Apr 2021

Stripe has announced its official launch in the United Arab Emirates.

Stripe, product launch, expansion, online payments

First Abu Dhabi Bank completes transition of its payments business into subsidiary Magnati

News | Online Payments | 06 Apr 2021

First Abu Dhabi Bank (FAB) has announced that it has completed the transition of its existing payments business into a fully owned and operational subsidiary, Magnati.

FAB, online payments

Dubai Economy and DIFC Authority to expand UAE KYC Blockchain Consortium

News | Digital Identity, Security & Online Fraud | 07 Apr 2021

Dubai Economy and Dubai International Financial Centre (DIFC) Authority have signed an agreement to expand the UAE KYC (Know Your Customer) Blockchain Consortium.

eKYC, digital onboarding, banks, distributed ledger technology

Emirates reveals touchless check-in kiosks

News | Mobile Payments | 16 Feb 2021

Emirates has upgraded its 16 self-check-in and 32 self-service bag drop kiosks recently installed at Dubai International airport.

United Arab Emirates, check-in kiosks, touchless transactions, product upgrade, payments , mobile payments, Dubai

DenekB joins Visa's Fintech Fast Track programme

News | Online Payments | 08 Feb 2021

UAE-based fintech DenekB has announced that it has joined Visa’s Fintech Fast Track programme.

DenekB, Visa, Fintech Fast Track, UAE, MENA, financial inclusion, online payments, mobile payment, cards, virtual prepaid cards

11 banks penalised by UAE's central bank for violating anti-money laundering rules

News | Payments General | 01 Feb 2021

The UAE Central Bank has penalised 11 banks for violating anti-money laundering (AML) regulations, imposing financial sanctions of over USD 124,55 mln (Dh 45.75 million).

AML, banks, penalty, reporting suspicious activity, fraud prevention, United Arab Emirates, central bank

UAE rolls out AED 6 bln supply chain financing initiative

News | E-invoicing, SCF & E-procurement | 22 Jan 2021

The UAE has pledged to support small and medium enterprises (SMEs) across sectors with a AED 6 billion supply chain financing initiative, according to logisticsmiddleeast.com.

Abu Dhabi, SME, supply chain finance, SCF, initiative, Daman, Department of Finance, FAB, UAE

UAE launches supply chain finance program worth USD 1.6 bln

News | E-invoicing, SCF & E-procurement | 18 Jan 2021

Abu Dhabi Department of Finance has launched a supply chain financing initiative worth USD 1.6 billion to increase liquidity for small and medium-sized enterprises (SMEs).

Abu Dhabi, SCF, trade finance, SMEs, finances, COVID-19, First Abu Dhabi Bank, guarantee

UnionPay International, PayTabs team up to boost ecommerce in the UAE

News | Ecommerce | 11 Jan 2021

UnionPay International (UPI) and payment solutions company PayTabs have unveiled a strategic partnership.

UnionPay International, Paytabs, partnership, ecommerce, UAE, merchants, retail, payment method, online payments

Finverity, Abu Dhabi Global Market partnership to boost supply chain finance

News | E-invoicing, SCF & E-procurement | 21 Dec 2020

Finverity has partnered with the Financial Services Regulatory Authority of Abu Dhabi Global Market (ADGM), Abu Dhabi’s international financial centre, to boost supply chain finance.

banks, fintechs, supply chain finance, UAE, data, KYC, credit scoring, risk scoring, lending, finanacial data

Payfort becomes Amazon Payment Services across MENA

News | Online Payments | 14 Dec 2020

Amazon has revealed it completed Payfort integration, three years after Souq acquisition, Gulf Business reports.

Amazon Payment Services, PayFort, MENA, acquisition, online payments, instalments, authentication, local payment methods, UEA

Emirates Islamic launches global digital banking platform businessONLINE

News | Online & Mobile Banking | 09 Dec 2020

Emirates Islamic, one of the Islamic financial institutions in the UAE, has launched “businessONLINE” a digital business banking platform, to help businesses in the UAE manage all their banking needs on a single platform.

Emirates Islamic, digital banking, businessONLINE, payments

Dubai launches the UPN payments platform to facilitate cashless transactions

News | Online Payments | 08 Dec 2020

Dubai has launched the Unified Payments Network (UPN), a payments platform aimed at bringing together all payment service providers as well as the unbanked and underbanked merchants to facilitate cashless transactions.

Dubai, UPN, merchants, digital payments, payment service providers, PSPs, cards, wallets

tabby raises USD 23 mln in new funding round

News | Ecommerce | 08 Dec 2020

UAE-based buy-now-pay-later solution provider tabby has raised USD 23 million from a range of investors, including Mubadala Capital. 

tabby, UAE, MENA, funding round, funding, investing, investors

Lulu, Empay partner to enable contactless payments

News | Ecommerce | 07 Dec 2020

UAE-based hypermarket and supermarket chain Lulu Group has teamed up with Empay to enable in-store contactless payments.

Lulu, EMPay, UAE, MENA, contactless payments, ecommerce, virtual cards

Landmark Group, tabby offer buy-now-pay-later solution to customers in the UAE

News | Ecommerce | 24 Nov 2020

UAE-based retail and hospitality conglomerate Landmark Group has partnered with tabby, a buy-now-pay-later solution provider, to offer customers the ability to pay in instalments across all of the group’s retail brands. 

Landmark Group, tabby, partnership, buy-now-pay-later, UAE, instalments, credit card, debit card, ecommerce

UnionPay International, Abu Dhabi Islamic Bank partner to enable contactless payments in the UAE

News | Online Payments | 24 Nov 2020

China-based financial services company UnionPay International has partnered with Abu Dhabi Islamic Bank, to enable UnionPay card and contactless payment transactions on the bank's NFC terminals in the UAE.

UnionPay International, Abu Dhabi Islamic Bank, partnership, contactless payments, UAE, NFC, POS, Mobile QuickPass, Apple Pay, Huawei Pay