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PayTabs Group has announced its partnership with Fintech Galaxy in order to optimise GCC’s fintech space with payment orchestration and Open Banking services.
partnership, Open Banking, Open Finance, banking, online banking, mobile banking, digital banking, financial services, financial institutions
Vladimir Kuiantsev, Managing Partner at Akurateco, elaborates on the benefits of confronting the infrastructural payment challenges of the MENA region with an on-premise white-label payment orchestration platform.
cross-border payments, ecommerce, payments orchestration, payment methods, fintech, marketplace, local payment method
The Saudi Arabian Monetary Authority (SAMA) is launching a framework for Open Banking in the kingdom, allowing for a new direction in the sector.
Saudi Arabia, Open Banking, SAMA, digital banking, API, open data, fintech, Open Finance
Saudi Payments, JCB, card acceptance, mada, JCB cards, cards, Saudi Arabia, mada network, acquiring banks, local banks, Point of Sale Terminals, ATM terminals, Saudi Arabian Monetary Authority, national payment system
bank, digital transformation, COVID-19, coronavirus, KPMG, report, banking, SMEs, retail banking, credit card, mortgage, liquidity, cyber risk, SAMA
The Saudi Press Agency (SPA) has reported that online payments in the country jumped by more than 400% in the first quarter of 2020 compared to the same period last year.
Mada card, report, online payments, Saudi Arabia
SAMA, e-wallet, top-up, SAR, digital payments, COVID-19, PSPs
US-based challenger bank Moven has teamed with Saudi Arabia-based STC Pay to setup a banking service for Saudi mobile bank users.
Moven, STC Pay, partnership, mobile payments, mobile bank, mobile banking, Saudi Arabia, US, Brett King, payments processor gateway, core banking system, MENA, US
Saudi Payments has joined nexo standards, an international association dedicated to enabling global interoperability in payment acceptance.
Saudi Payments, Saudi Arabia, nexo, payments , fintech, banks, Saudi Arabian Monetary Authority
We interviewed Ali Abulhasan, Co-Founder and CEO of Tap Payments, to learn more about payment and ecommerce trends in the MENA region
Ali Abulhasan, Tap Payments, payment method, Sadi Arabia, Kuwait, ecommerce, ecommerce trend, fintech, cross-border ecommerce, MENA, marketplace, mada, SAMA, Visa, MasterCard, Middle East
ACI Worldwide has begun enabling fast bank adoption of real-time payments in Saudi Arabia with its UP Real-Time Payments solution.
ACI, VocaLink, Saudi Arabia, bank adoption, real-time payments
Vocalink, a Mastercard company, has partnered with the Saudi Payments, a fully owned subsidiary of the Saudi Arabian Monetary Authority (SAMA), to launch real-time payments in the region.
VocaLink, MasterCard, Saudi Payments, partnership, real time payments, credit transfers, e invoicing, billing, Saudi Arabia
Saudi Arabian Monetary Authority (SAMA) has revealed that it is developing an integrated payment environment to link traders, customers, and service providers.
Saudi Arabia, online payments, Saudi Arabian Monetary Authority
The UAE and Saudi Arabia have launched a proof of concept (PoC) for experimenting with blockchain to help cross-border payments between the two countries.
banking, blockchain, digital, innovation, partnerships, payments , cross-border, regulation, CBUAE, Central Bank of the UAE, SAMA, Saudi Arabian Monetary Authority, fintech, Middle East
Saudi Arabian General Investment Authority has organised a forum discussing UK’s investment opportunities in Saudi Arabia
UK, Saudi fintech, Saudi Arabia, Saudi Arabian General Investment Authority, investment, fintech, Vantec Saudi initiative, General Authority for Investment, Capital Market Authority, Small and Medium Enterprises Authority, Saudi Arabian Monetary Agency
The Saudi Arabian Monetary Authority (SAMA) has announced that it will allow banks operating in the kingdom to offer online payment and purchase services to cardholders.
Saudi Arabia, online payments, payments network, Saudi payments network
Ripple has partnered with SAMA to support banks in the Kingdom of Saudi Arabia (KSA) to explore Ripple’s cross-border payments technology.
Ripple, Saudi Arabian Monetary Authority, Saudi Arabia, banks, cross-border payments, blockchain