Articles with tag: abu dhabi

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UAE and international companies apply for digital banking licences with ADGM

11 Sep 2020 | Online & Mobile Banking

The Abu Dhabi Global Market has received interest from several companies in the UAE, the Middle East and Asia-Pacific to establish digital banks in the emirate’s international financial free zone.

Abu Dhabi Global Market, digital banks, banking licence

Yas Theme Parks, CellPoint Digital partner to launch Alipay in UAE

27 Aug 2020 | Mobile Payments

CellPoint Digital has been selected by Yas Theme Parks in Abu Dhabi, UAE, to enable the use of Alipay as an online payment method.

CellPoint Digital, Yas Theme Parks, Abu Dhabi, UAE, Alipay, online payment method, alternative payment methods, China, mobile payment method, payment orchestration, Velocity, card schemes, acquirers, payment service providers, PSPs, Velocity Alternative Payment Hub, e-wallets, Google Pay

NymCard receives in-principle approval from FSRA

18 Aug 2020 | Cards

NymCard, an UAE-based card issuing and processing platform has received in-principle approval (IPA) from the Financial Services Regulatory Authority (FSRA).

Abu Dhabi, fintech, NymCard, cards, FSRA, UAE, in-principle approval, IPA, Financial Services Regulatory Authority, payments, currency, exchange, financial, Visa, Mastercard, Western Union

Mobile payment service PayBy ties up with uPay to extend its reach in UAE

10 Jul 2020 | Mobile Payments

UAE-based fintech PayBy is partnering with payments app uPay to expand its reach to more than 850 uPay self-serve kiosks across the UAE.

PayBy, uPay, mobile payments, UAE, United Arab Emirates, payment kiosk, Abu Dhabi, Dubai, ecommerce, online payments

Hub71 teams up with two UAE banks

26 Jun 2020 | E-invoicing, SCF & E-procurement

Hub71, a global tech ecosystem, has joined forces with Mashreq Bank and First Abu Dhabi Bank (FAB) to fix the problems faced by startups while opening a UAE bank account.

Hub71, UAE, banks, banking, startups, Mashreq Bank, First Abu Dhabi Bank, FAB, whitepaper, Rethinking Banking for Startups, partnership, transactions, KYC

Reliance Jio Platforms to sell USD 850 million stakes to L Catterton, TPG

15 Jun 2020 | Payments General

US-based private equity companies L Catterton and TPG have announced plans to invest USD 850 million in India-based telecom company Jio Platforms.

Reliance Jio Platform, stakes, investment, funding, private equity, India, L Catterton, TPG, Facebook, Silver Lake, KKR, Vista Equity Partners, General Atlantic, Mubadala, Abu Dhabi Investment Authority

Integrated Transport Centre offers online payment in all taxis in Abu Dhabi

02 Jun 2020 | Mobile Payments

The Integrated Transport Centre has announced that online payments options are now available for individuals utilising taxis operating in Abu Dhabi.

Department of Municipalities and Transport in Abu Dhabi, ITC, United Arab Emirates, online payments, mobile payments, QR payments, taxi,

Bank Audi ends acquisition talks with FAB

19 May 2020 | Payments General

Egypt-based Bank Audi has ended the discussions with First Abu Dhabi Bank (FAB) on acquiring the Egyptian assets of Lebanon's Bank Audi.

FAB, Bank Audi Egypt, Egypt, First Abu Dhabi Bank, Lebanon's Bank Audi, coronavirus, COVID-19, UAE, Central Bank of the United Arab Emirates, CBUAE, loans

Judo Bank secures USD 230 mln in funding round

08 May 2020 | E-invoicing, SCF & E-procurement

Australia-based neobank Judo Bank has raised USD 230 million in an equity funding round to boost its liquidity and provide financial support to COVID-19 impacted clients.

Australia, Judo Bank, neobank, COVID-19, coronavirus, banks, unicorn, Myer Family Investments, Bain Capital Credit, Abu Dhabi Capital Group, SMBs

TAMM launches Abu Dhabi Pay to offer digital payment options for government services

06 May 2020 | Online Payments

UAE-based government services ecosystem TAMM has launched the Abu Dhabi Pay platform to facilitate online payments for all government services.

TAMM, United Arab Emirates, government services ecosystem, online payments, MENA, Aby Dhabi Pay, Abu Dhabi Agriculture and Food Safety Authority, General Administration of Customs, e-debit, e-wallet, credit cards, cash

PayBy launches mobile payment services in the UAE

31 Mar 2020 | Online Payments

Abu Dhabi Bank has partnered with UAE-based fintech PayBy to offer a payment solution allowing consumers to make contactless and cashless payments.

PayBy, Abu Dhabi Bank, United Arab Emirates, payments service provider, fintech, payments, online payments, cashless, contactless payments, online delivery, MENA

Dubai launches instant bank account opening facility

20 Feb 2020 | Payments General

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.

Oman records Its first blockchain trade finance transaction

25 Nov 2019 | E-invoicing, SCF & E-procurement

According to the Oman Observer, Oman Oil and Orpic Group and HSBC Bank have entered into blockchain trade finance deal

Oman Oil, Orpic Group, HSBC Bank, blockchain trade finance deal, trade finance, distributed ledger technology, DLT, Middle East, Oman, Abu Dhabi, oil industry

Abu Dhabi Islamic Bank makes Samsung Pay available for Visa cardholders

01 Oct 2019 | Payments General

Abu Dhabi Islamic Bank (ADIB) has announced the launch of Samsung Pay for its Visa covered cardholders.

Abu Dhabi Islamic Bank, Samsung Pay, mobile wallet

Abu Dhabi Commercial Bank to digitize trade finance with dltledgers blockchain

04 Sep 2019 | E-invoicing, SCF & E-procurement

UAE’s Abu Dhabi Commercial Bank has partnered with Singapore-based dltledgers blockchain platform to digitise trade finance using blockchain.

Abu Dhabi Commercial Bank, trade finance, United Arab Emirates, dltledgers, blockchain, trade finance blockchain platform, DLT, MENA

RuPay card to launch in the UAE

26 Aug 2019 | Cards

Emirates NBD, First Abu Dhabi Bank, and Bank of Baroda have announced that they will start issuing RuPay cards in the UAE.

RuPay, card, UAE, Middle East, India, Emirates NBD, First Abu Dhabi Bank, Bank of Baroda

First Abu Dhabi Bank, Etisalat launch UAE trade finance blockchain

30 Jul 2019 | E-invoicing, SCF & E-procurement

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

Abu Dhabi Islamic Bank signs up as a member of TRADEASSETS

31 May 2019 | E-invoicing, SCF & E-procurement

Abu Dhabi Islamic Bank (ADIB) has signed up as a member of TRADEASSETS, a global fintech platform, headquartered in the UAE.

Abu Dhabi Islamic Bank, TRADEASSETS, fintech, trade finance

ECI, First Abu Dhabi Bank to provide trade financing for UAE exporters

27 Mar 2019 | E-invoicing, SCF & E-procurement

Etihad Credit Insurance has partnered with First Abu Dhabi Bank to assist UAE-based exporters and businesses in managing their trade finance needs.

Etihad Credit Insurance, First Abu Dhabi Bank, partnership, United Arab Emirates, UAE, trade finance, exports, international trade, supply risk solution, Middle East, MENA

Anglo-Gulf Trade Bank to offer trade finance through Assurance Software

18 Dec 2018 | E-invoicing, SCF & E-procurement

US-based business management software provider Assurance Software has teamed with Anglo-Gulf Trade Bank to implement business continuity applications.

Anglo-Gulf Trade Bank, Assurance Software, partnership, Middle East, Asia, UK, MENA, trade finance, business continuity applications, business management, Abu Dhabi Global Market