Articles with tag: mena

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Visa and Bank Of Abyssinia to launch ecommerce acquiring business

06 Aug 2020 | Ecommerce

Visa has partnered with Bank of Abyssinia (BoA) to drive of e-commerce acquiring through Visa CyberSource payment gateway.

Ethiopia, Visa, Visa CyberSource, Bank of Abyssinia, ecommerce, MENA, ecommerce acquiring

Spotii introduces deferred payment option on their platform in UAE

21 Jul 2020 | Online Payments

UAE-based ecommerce payment tech provider Spotii has launched an offering allowing customers to make online purchases and delay payment for two weeks.

Spotii, United Arab Emirates, buy new pay later, deferred payments, BNPL, online payments, ecommerce, MENA

Mastercard supports remitters in MENA region with Cross-Border Services

14 Jul 2020 | Payments General

Mastercard has rolled out Mastercard Cross-Border Services to enable people in the Middle East and North Africa (MENA) region to transfer money amid COVID-19 times.

banks, fintechs, mobile network operators, exchange, remittances, cross border payments, MENA, Mastercard

Qatar Central Bank plans to adopt fintech and blockchain solutions

11 May 2020 | Payments General

Qatar’s central bank (QCB) has proposed a strategic plan to support venture capital funding and the development of SMEs, which involves fintech and blockchain implementation. 

Qatar Central Bank, QCB, Qatar Development Bank, QDB, fintech, blockchain, SME, venture capital funding, distributed ledger technology, DLT, transaction reporting, MENA

Ooredoo, Visa sign payments strategic partnership for Qatar

11 May 2020 | Cards

Qatar-based telco Ooredoo and Visa have announced a partnership aimed to improve the payment experience for Visa cardholders and Ooredoo customers in Qatar.

Ooredoo, Visa, cards, contactless payments, online payments, POS, Visa Direct, MENA,

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

BMCE Bank of Africa obtains EUR 145 mln from EBRD for SMEs

23 Apr 2020 | E-invoicing, SCF & E-procurement

Morocco-based BMCE Bank of Africa has secured a EUR 145 million loan from the EBRD to support small- and medium-sized enterprises (SMEs).

BMCE Bank of Africa, EBRD, SME, COVID-19, solidarity package, multi-currency trade finance, export and import transactions, coronavirus resilience program framework, Africa, MENA

ADIB Bank to use blockchain for trade distribution

21 Apr 2020 | E-invoicing, SCF & E-procurement

UAE-based Abu Dhabi Islamic Bank (ADIB) has executed a trade finance distribution transaction using blockchain, with the help of trade finance marketplace TradeAssets.

ADIB, TradeAssets, trade finance, blockchain, trade finance platform, United Arab Emirates, customisable dashboards, cashflow forecasting, online trade issuance, United Arab Emirates, MENA

Jumhouria Bank of Libya goes live on SmartStream for reconciling payments

21 Apr 2020 | Online & Mobile Banking

Libya-based Jumhouria Bank has gone live on SmartStream’s solution for the reconciliations of cash payments.

Jumhouria Bank, Libya, SmartStream, payments, card, bank, transactions, Africa, MENA

EFG Hermes, Paytabs partner for new electronic payments services in Egypt

15 Apr 2020 | Online Payments

Egypt-based bank EFG Hermes and online payment service Paytabs have signed a partnership to launch a new platform providing electronic and digital payment services.

EFG Hermes, Paytabs, Egypt, onlyne payments, digital payments, electronic payments, MENA, bank, payments service provider

Disney+ content to debut in the Middle East on OSN

06 Apr 2020 | Ecommerce

Walt Disney has announced that Disney+ content will be available in the MENA region via the television and online streaming service provider OSN from 9 April 2020.

Disney, Disney+, OSN, Middle East, MENA, online streaming service

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

Islamic Development Bank launches USD 2 bln COVID-19 aid package

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

The Islamic Development Bank (IsDB) has launched a USD 2 billion COVID-19 aid package for its member states.

The Islamic Development Bank, IsDB, SME financing, COVID-19, coronavirus, financial aid, trade finance, G20 Global Initiative, Middle East, MENA

Xinja scores USD 433 million from World Investments

24 Mar 2020 | Online & Mobile Banking

UAE-based World Investments has announced investing USD 433 million in Australia-based neobank Xinja over the next two years.

Xinja Bank, Xinja, World Investments, series D, funding round, online banking, neobank, challenger bank, Australia, United Arab Emirates, MENA

Moven teams up with Saudi STC Pay for cross-border mobile banking project

16 Mar 2020 | Online & Mobile Banking

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

UnionPay International launches mobile wallet in Pakistan

16 Mar 2020 | Mobile Payments

UnionPay International has rolled out the mobile payment product of Huawei Pay in Pakistan in partnership with Huawei and the National Bank of Pakistan (NBP).

UnionPay, product launch, mobile wallet, Huawei, Huawei Pay, Pakistan, fingerprint authentication, mobile payments, QR payments, MENA, NFC payments,

HPS introduces QR-based national payment system to Saudi Arabia

06 Mar 2020 | Mobile Payments

Payment software company HPS has been appointed by Saudi Payments to provide a QR code platform for banks, wallet providers and fintechs to interact seamlessly.

HPS, QR payments system, product launch, national mobile payments system, QR payments, mobile payments, Saudi Arabia, fintech, bank, e-wallet, wallet operator, MENA, Middle East

Altibbi expands telehealth services in MENA via Fortumo's platform

18 Feb 2020 | Mobile Payments

Altibbi, a large digital health platform in MENA area, and the mobile technology company Fortumo have announced the launch of a direct carrier billing partnership.

Altibbi, MENA, mobile payments, healthcare, Fortumo, direct carrier billing, partnership, payments

Egypt to launch e-invoicing system by early 2020

24 Dec 2019 | E-invoicing, SCF & E-procurement

Egypt Ministry of Finance has signed a contract to launch an electronic invoicing system by early 2020/

Egypt, MENA, e-invoicing, electronic invoicing, national invoicing system, mandatory e-invoicing, Ministry of Finance,

ITFC finances programmes of promoting Egypt's exports to Africa

23 Dec 2019 | E-invoicing, SCF & E-procurement

The Export Development Authority (EDA) and the International Islamic Trade Finance Corporation (ITFC) have agreed to finance export programmes in Egypt.

The Export Development Authority, EDA, International Islamic Trade Finance Corporation, financing, trade finance, Egypt, MENA, fundin, financing, financial inclusion