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UAE-based RAKBANK and UnionPay International have announced their collaboration to drive contactless mobile payments in the UAE.
mobile payments, contactless payments, Google Pay, Apple Pay, merchants, POS
Ras Al Khaimah Economic Zone (RAKEZ) has announced it will facilitate bank account opening for clients through RAKBANK’s Quick Apply digital kiosk.
digital banking, SMEs, online banking, mobile banking
trade finance, blockchain
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
B2B payments, fintech, virtual cards, B2B transactions, cards, investments, acquisitions, digital payments, innovation, partnerships, coronavirus, expansion, corporate cards, cross-border payments, commercial payments, investors, fraud, card schemes, businesses, PSPs, payments , suppliers, digitisation, corporates, banks, payment providers, travel, expenses, commercial card
Rakbank, UAE, pass registration, banks, digital identity, digital signature, security, government, regulations, digital onboarding
The Department of Economic Development in Dubai has established a blockchain consortium with six UAE banks, whereby investors be able to open bank accounts instantly.
Dubai Economy, United Arab Emirates, KYC, blockchain, banking, investment, KYC (Know Your Customer) Blockchain Consortium, bank consortium, Emirates NBD, Emirates Islamic, HSBC, Rakbank, Abu Dhabi Commercial Bank, Commercial Bank of Dubai.
Etisalat Digital has announced a new nationwide blockchain trade finance platform called UAE Trade Connect (UTC).
First Abu Dhabi Bank, Etisalat, trade finance, blockchain, invoice, finance, fraud
UAE-based Rakbank has signed to implement Kamakura Corporation’s solutions for its balance sheet management and funds transfer pricing.
UAE, Rakbank, cash management, Kamakura Corporation
RAKBANK has partnered with INPAY to offer customers low remittance fees when transferring EUR to 25 European countries.
Rakbank, Inpay, money remittance, Europe, bank
Standard Chartered has signified that it is extending the tentacles of Ripple’s cross-border payment tools to five more countries.
Standard Chartered, RippleNet, cross-border payment, blockchain
PrePay Solutions (PPS), a prepaid and digital banking services provider in Europe, has opened a new office in Dubai’s International Financial Centre in the UAE.
PrePay Solutions, online payments, UAE, Dubai, digital banking, payroll programme
Dilip Rao, Managing Director APAC and MENA from Ripple talks about the benefits distributed ledger technology brings to the remittances industry.
Dilip Rao, Ripple, remittances, blockchain, cross border payments, RippleNet, distributed ledger technology, Asia
Axis Bank, Standard Chartered and RAKBANK will now use RippleNet to send live cross-border payments.
Axis Bank, Standard Chartered, Rakbank, instant payment, Ripple, cross-border payments
Apple Pay has announced it expanded to Finland, Denmark, Sweden, and United Arab Emirates.
Apple Pay, mobile payments, contactless, NFC, Scandinavia, UAE, expansion
Ripple has announced that more than 100 financial institutions have joined its enterprise blockchain network, RippleNet.
Ripple, irWallex, Bexs Banco, Credit Agricole, Cuallix, Currencies Direct, dLocal, IFX, Krungsri, Rakbank, blockchain, real time payments, remittances, RippleNet, blockchain initiative
Apple has announced that Apple Pay, its near field communication (NFC) payments service for iPhones, will be coming to the UAE for six financial institutions.
Apple Pay, UAE, NFC, mobile payments, digital wallet, Emirates NBD, Mashreq Bank, debit card, credit card
The National Bank of Ras Al-Khaimah (Rakbank) has become the first bank to partner with supply chain finance (SCF) platform start-up Invoice Bazaar.
Rakbank, Invoice Bazaar, partnership, supply chain finance, payments , UAE
The UAE-based National Bank of Ras Al Khaimah (Rakbank) has announced an agreement with Diebold Nixdorf to launch Samsung Pay on Rakbank ATMs.
Diebold, Rakbank, Samsung Pay, cardless access, ATM, UAE, mobile payments, cardless cash
RAKBANK has introduced a new approach for credit card sourcing by giving its Direct Sales Agents (DSAs) a tablet PC preloaded with a bespoke app and an ID reader.
digital banking, ID reader, credit card, application, Rakbank