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Egypt-based Commercial International Bank has partnered with Ripple to implement blockchain technology aiming to enhance the efficiency of cross-border payments.
CBDC, central bank, cross-border payments, digital assets, partnership
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
Kazakhstan-based working capital solutions provider Solva has announced that it raised a USD 20 million investment backed by the Sawiris family and ZCP.
investment, funding, SMEs, SME lending, financial services, financing
Egypt-based developer of digital payments infrastructures, e-Finance, has partnered with Software Group to promote financial inclusion in Egypt through Digital and Agency Banking Solutions.
partnership, digital payments, digital banking, financial services, financial institutions
Egypt-based ALEXBANK has extended its partnership with Visa for five years to encourage electronic payment methods adoption in Egypt via new product launches.
digital payments, debit card, payment methods, digitalisation, partnership
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
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 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
UAE-based Central Bank-regulated Open Finance platform Fintech Galaxy has acquired Underlie, an Egypt-based Open Banking platform that offers APIs to its clients.
acquisition, partnership, Open Finance, Open Banking, ecommerce
Recently, the Central Bank of Kuwait has requested banks to update their plans for the implementation of the Open Banking Services project, according to Al-Rai.
Open Banking, regulation, central bank, SWIFT
Mastercard has been on fire and we are here to figure out how and why. In the last two weeks alone, the global card scheme made a flurry of announcements coming from quite different parts of the global payments and fintech ecosystem.
partnership, product launch, embedded finance, ecommerce, loyalty programme, cryptocurrency, B2B payments, contactless payments
Uzbekistan's UZCARD has suspended payments processing through Mir cards issued by Bank of Russia's National Card Payment System due to necessary technical procedures.
payment processing, financial sanctions, online payments, payment processor
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