Articles with tag: middle east

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Commodity trade finance faces difficulties in revenues following scandals

14 Aug 2020 | E-invoicing, SCF & E-procurement

Commodity trade finance has observed slumping revenues in the second quarter of 2020 as some banks pulled the plug on their operations following scandals, according to fnlondon.com.

commodity trade finance, trade finance, revenue, scandal, banks, Coalition, Hin Leong Trading, Singapore, bankruptcy, HSBC, ABN Amro, commodity finance, Phoenix Group, Standard Chartered, BNP Paribas, Societe Generale, Europe, Middle East, Africa

Dubai International Financial Centre partners with a Chinese fintech platform

27 Jul 2020 | E-invoicing, SCF & E-procurement

Dubai International Financial Centre (DIFC) has signed a MoU with Jiaozi Fintech Dreamworks, a China-based fintech innovation and entrepreneurship platform.

DIFC, fintech, China, Dubai International Financial Centre, Dubai, MoU, Jiaozi Fintech Dreamworks, China, innovation, entrepreneurship, Middle East, Africa, South Asia, MEASA, UAE, Belt and Road, partnership, People’s Bank of China, banks

Turkey plans to expand ecommerce to MENA region

16 Jul 2020 | Ecommerce

Turkey has announced plans to increase its export market share in the Middle East and North Africa. 

Turkey, Middle East, North Africa, ecommerce, Turkish E-commerce Association, Dubai Chamber of Commerce, Boyner, So Chic, Paşabahçe, Noon, Jumia, Carrefour, Jeeblee, Danube, Lulu

Standard Chartered joins IBOS Association

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

Standard Chartered has joined IBOS Association (IBOS), an international banking network. 

Standard Chartered, banking, network, IBOS, Asia, Africa, Middle East, Europe, US, banks, Singapore, India, China, Hong Kong, Taiwan, Malaysia, Australasia

UK-based fintech Paymentology expands Middle East digital banking offering

06 Jul 2020 | Online & Mobile Banking

Cloud-based payment processor Paymentology has announced the expansion of its Middle East operation to meet the projected growth of digital banking in the region.

UK, fintech, Paymentology, Middle East, digital banking, cloud-based, payment processor, digital banks, platform integration, fraud prevention, transaction approval

PagoFX launches offerings for sole traders in UK

18 Jun 2020 | Payments General

Santander’s cross-border remittance service, PagoFX, has opened its international payment service for business purposes in the UK.

Standarder, PagoFX, UK, cross-border, remittance, payments, mobile app, Middle East, Central Europe, Eastern Europe, Israel, Turkey, Romania, Croatia, SMBs

Mastercard to tokenize card credential for Amazon customers

17 Jun 2020 | Cards

Mastercard has announced that Amazon customers in 12 countries across North America, Latin America, Middle East and Europe will have their stored card credentials tokenized. 

Amazon, Mastercard, tokenization, North America, Latin America, Middle East, Europe, card, card credentials

MagicCube, areeba partner to launch contactless payment solution in the Middle East

15 Jun 2020 | Mobile Payments

US-based IoT security platform MagicCube has partnered with financial technology company areeba to roll out a contactless payment solution in the Middle East.

MagicCube, areeba, Middle East, SoftPos, contactless payment acceptance terminal, POS, merchants, Google Play, contactless cards, HCE mobile wallets, CVentures, Bold Capital, Epic Ventures, Sony Innovation Fund, NTT Data, Azure Capital, Visa, Luqman Weise Capital

Dubai International Financial Center invests in four startups

11 Jun 2020 | Payments General

Dubai International Financial Center has invested in four startups through its USD 100 million Fintech Fund.

Dubai, Dubai International Financial Center, fintech, startups, FlexxPay, Rise, Now Meny, Sarwa, Fintech Fund, Middle East, Africa, South Asia, financial

TPAY MOBILE acquires Turkey-based payment platform Payguru

10 Jun 2020 | Mobile Payments

Middle East and Africa-based mobile payment enabler TPAY MOBILE has announced the acquisition of 100% of the shares of Turkey-based payment service provider Payguru.

TPAY MOBILE, Middle East, Africa, Payguru, Turkey, Central Bank of the Republic of Turkey, CBRT, Competition Authority, mobile payments, ATM cash payments, merchants, mobile network operators, Turkcell, Vodafone, Türk Telekom, Ziraat Bankası, direct carrier billing, mobile wallet, mobile money

Jingle Pay to extend in UAE

22 May 2020 | Payments General

Dubai-based fintech startup Jingle Pay has announced bringing neobanking to the Middle East, starting with its home turf of the UAE. 

Dubai, startup, Jingle Pay, Middle East, digital banking, neobanking, neobank, UAE, mobile wallets, payments, onboarding, AML, Indonesia, Philippines, GCC

TPAY Mobile, Vodafone Egypt roll out digital payments on Google Play

05 May 2020 | Mobile Payments

Vodafone Egypt has teamed up with TPAY MOBILE, a digital payment enabler in the Middle East and Africa, to launch Direct Carrier Billing (DCB) on the Google Play store.

Direct Carrier Billing, DCB, partnership, mobile payments, Egypt, Vodafone Egypt, TPAY MOBILE, Africa, Middle East

Wirecard becomes Visa's payment processor for Visa Fintech Fast Track Program in the Middle East

21 Apr 2020 | Online Payments

Wirecard has signed an agreement to be the preferred payment processor for Visa to bolster the Visa Fintech Fast Track Program in the Middle East region. 

Wirecard, Visa, collaboration, fintech, track, Middle East, digital financial tech, payment processor, security

Compass Plus expands into MENA through Network International Egypt

16 Apr 2020 | Ecommerce

UK-based payments software provider Compass Plus has renewed its agreement with Egypt-based digital commerce enabler Network International to migrate further into the MENA space.

Compass Plus, Network International, Egypt, Europe, Asia, Africa, the Middle East, America, fintech, online payments, ecommerce,

What everybody ought to know about the size of the ecommerce payments market – part II

14 Apr 2020 | Ecommerce

The article delineates what drives growth when it comes to the ecommerce payments space, with the end goal of providing a concise overview of the main regional developments

payments, commerce, overview, ecommerce, Latin America, Europe, Africa, North America, Middle East

Mastercard works towards facilitating contactless payment limits in Middle East and Africa

07 Apr 2020 | Online Payments

Mastercard has announced that it is championing efforts to facilitate contactless payment limits across the Middle East and Africa region.

Mastercard, safety, security, payments, transactions, Middle East, Africa, contactless payments, cards, merchants, CVM, debit card, credit card

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

Zwipe to support Middle East and Africa smart card maker with biometric payments solutions

27 Mar 2020 | Cards

Smart card manufacturer and digital payments provider in the Middle East and Africa Masria Digital Payments (MDP) has selected Zwipe’s biometric payment solutions from.

Zwipe, biometrics, payments, Middle East, Africa, smart card, card services, processing, digital payment

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

Network International announces support measures for UAE merchant partners

25 Mar 2020 | Ecommerce

Network International has announced a total of approximately EUR 1.2 mln (AED 5 mln) in cash and other practical relief measures for UAE merchant partners.

Network International, Middle East, Africa, UAE, digital commerce, payment solution, merchants