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Standard Chartered has launched its new Open Banking Marketplace, a one-stop platform that enables clients to discover, identify, and test APIs.
Open Banking, API, product launch, banking, online platform
Commercial bank of Ethiopia has lost more than USD 40 million after a systems glitch which let customers withdraw and transfer sums of money that was not in their accounts.
ATM, mobile banking, online banking, cash, banking
Al Baraka Bank has teamed up with Mastercard to introduce a range of digital payment solutions in Egypt.
tokenization, digital payments, partnership, mobile banking
US-based Visa partnered with Egyptian Banks Company for Technology Advancements (EBC) to support remittances for Egyptians living abroad.
partnership, remittances, cross-border payments, financial institutions, financial inclusion
Mastercard has partnered with the Egyptian Banks Company to foster sustainable and inclusive economic activities and augment the digital payments landscape in Egypt.
tokenization, digital payments, payments infrastructure, financial inclusion, sustainability
UK-based lender Standard Chartered Bank has expanded in the MENA region with the launch of its full-fledged banking operations in Egypt.
expansion, banking, lending, banking license
The Industrial Development Bank (IDB) has announced its partnership with Mastercard to drive financial inclusion and support Egypt’s digital transformation strategy.
financial inclusion, partnership, banks, credit card, debit card
The Central Bank of the UAE (CBUAE) and the Central Bank of Egypt (CBE) have entered into a Bilateral Currency Swap Agreement between the UAE Dirham and the Egyptian Pound.
partnership, banking, financial services, financial institutions
Egypt-based MIDBANK has entered the Instant Payment Network (IPN) to enable cash transfers between banks.
instant payments, online banking, COVID-19, mobile banking, digital banking
Central Bank of Nigeria has signed two memorandums of understanding (MoUs) with the Central Bank of Egypt and the London Institute of Banking and Finance (LIBF).
fintech, investment, central bank, banking, payments
Online aggregator marketplace Qardy has announced its partnership with Egypt Post to offer SMEs access to financing opportunities in Egypt.
partnership, banks, online banking, mobile banking, digital banking, SMEs, financial services, financial institutions
Egypt-based Commercial International Bank has launched the CIB noon credit card that includes a series of offers and discounts.
credit card, ecommerce, banks, product launch
Egypt-based payment service provider Taly has launched its full-fledged digital payments ecosystem in the Egyptian market, leveraging the BPC SmartVista technology.
digital payments, digitalisation, financial inclusion, fintech, product launch
The Central Bank of Egypt (CBE) has released regulations on payment tokenisation; once approved this will allow contactless payments through mobile apps.
central bank, tokenization, contactless payments, payment methods
The Central bank of Egypt (CBE) has approved the rules for payment card service codes, allowing contactless transactions via mobile apps within the framework of the NPC.
central bank, AML, CFT, contactless payments, regulation
Egypt-based bank Banque du Caire has announced the launch of its e-payments platform Taly, a fintech company arm, to expand within the digital transformation services field.
product launch, investment, payments , digital payments, digitalisation, expansion, financial services, online payments, banking, online banking, ecommerce, payment gateway, payment processing, fintech
Uber has partnered with financial services company HSBC to launch a digital payments solution that enables on-demand cashouts into mobile wallets for unbanked drivers in Egypt.
product launch, partnership, digital wallet, digital payments, online payments, mobile payments, financial inclusion, digitalisation, payments , cash management
The Central Bank of Egypt has entered negotiations to join Russia’s Mir card payments system in a bid to improve Russian tourism in Egypt as well as trade ties between the two countries.
online payments, cross-border payments, payment processing, payment processor, central bank
The Commercial International Bank Egypt (CIB) has launched the Instant Payment Network (IPN) through its digital channels, including internet and mobile banking.
online banking, instant payments, payments , mobile banking
The Central Bank of Egypt (CBE) has launched the National Instant Payment Network and InstaPay mobile app, which will allow clients to process fund transfers instantly.
central bank, product launch, Open Banking, instant payments, fintech