Articles with tag: saudi arabia

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US-based Flywire, Mastercard partner for cross-border tuition payments

17 Sep 2020 | Payments General

Vertical payments company Flywire has partnered with Mastercard to provide students with discounted foreign exchange rates on cross-border tuition payments made with Mastercard. 

Flywire, Mastercard, cross border payments, tuition payments, foreign exchange, FX, vertical payments, international payments, international students, UAE, Saudi Arabia, Qatar, Kuwait, Kenya, Ghana, preferred payment method, international tuition, local currencies, credit cards, debit cards

Saudi Arabia shifts towards ecommerce and digital transactions, reveals report

18 Aug 2020 | Online Payments

Oxford Business Group (OBG) has released, in partnership with Saudi Payments, a report that reveals a shift towards ecommerce and digital transactions in the Kingdom.

Oxford Business Group, OBG, Saudi Payments, report, ecommerce, digital transactions, Saudi Arabia, COVID-19 Response Report, CRR, COVID-19, purchasing behaviour, fintech, Saudi Arabia Monetary Authority, SAMA

Amazon Project Zero launches in seven new countries

11 Aug 2020 | Ecommerce

Amazon has announced the expansion of Project Zero to seven new countries – Australia, Brazil, Netherlands, Saudi Arabia, Singapore, Turkey, and the UAE.

Amazon, Project Zero, Australia, Brazil, Netherlands, Saudi Arabia, Singapore, Turkey, UAE, machine learning, intellectual property, counterfeits, authentic goods, Arduino, BMW, ChessCentral, LifeProof, OtterBox, Salvatore Ferragamo, Veet, counterfeit listings, product serialisation

Saudi Payments, JCB partner to enable card acceptance through 'mada'

21 Jul 2020 | Cards

Saudi Payments, operator of national payment network (mada) has partnered with JCB to enable the acceptance of JCB cards in Saudi Arabia.

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

Discover Financial Services, Saudi Payments partner to expand card acceptance

10 Jul 2020 | Cards

Discover Financial Services has partnered with Saudi Payments to expand global acceptance for both companies. 

Discover Financial Services, Saudi Payments, cardholders, Discover, Diners Club International, PULSE, POS, point of sale, ecommerce, ATMs, digital payments, issuer, terminal, merchants, Saudi Arabia, Discover Global Network

Huawei rolls out mada Pay app to enable contactless payments in Saudi Arabia

09 Jul 2020 | Mobile Payments

Huawei has launched the mada Pay app in cooperation with Saudi Payments, through the Huawei AppGallery application platform in Saudi Arabia.

Huawei, launch, mada Pay, contactless payments, Saudi Arabia, Huawei AppGallery, cards, digital wallet, NFC, card information, merchants

TransferGo secures EUR 10 mln in funding, launching in 11 new markets

17 Jun 2020 | Payments General

TransferGo, a UK-based international money transfer service, has raised EUR 10 million in funding.

TransferGo, UK, Seventure, Vostok Emerging Finance, Hard Yaka, Revo Capital, Bootstrap Europe, startup, Japan, New Zealan, Saudi Arabia, Singapore, Ghana

Wahed secures USD 25 mln in investment round

11 Jun 2020 | Payments General

US-based fintech Wahed, a digital Islamic investment platform, has closed a USD 25 million investment round led by Saudi Aramco Entrepreneurship Ventures.

Halal, fintech, startup, Wahed, Saudi Aramco, digital, Islamic, BECO, CueBall Capital, Dubai Cultiv8, Rasameel, Saudi Arabia, US, UK, Indonesie, Nigeria, india, CIS, Malaysia, Malaysian Securities Commission, Islamic Robo Advisory, Islamic ETF

MoneyGram, Al Rajhi Bank to support the cross-border payments market in Saudi Arabia

08 Jun 2020 | Payments General

MoneyGram has partnered with Al Rajhi Bank, a large Islamic bank, and Tahweel Al Rajhi, the remittances arm of Al Rajhi Bank, to provide money transfer services in Saudi Arabia.

MoneyGram, Al Rajhi Bank, cross-border payments, Saudi Arabia, remittances, money transfers, mobile payments, partnership

Deutsche Bank extends contract with Avaloq

04 May 2020 | Online & Mobile Banking

Germany-based Deutsche Bank has renewed its contract with the cloud banking provider Avaloq in Asia and in Europe until the end of 2028. 

Deutsche Bank, Avaloq, Germany, cloud banking, Asia, Europe, BPaaS, SaaS, Switzerland, Luxembourg, UK, Saudi Arabia, Singapore, Hong Kong, data

Online payments in Saudi Arabia jump by more than 400%

14 Apr 2020 | Online Payments

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

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

Saudi Payments becomes nexo standards' first member from Saudi Arabia

12 Mar 2020 | Payments General

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

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

Demica launches Saudi British Banks supply chain finance platform

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

London-based Demica has launched the supply chain finance platform of Saudi British Bank, enabling the bank to offer payables finance to its clients.

Demica, Saudi British Bank, supply chain finance platform, supply chain finance, Saudi Arabia, SBB, MENA, payables finance, B2B payments

HyperPay offers STC Pay to merchants in Saudi Arabia

29 Jul 2019 | Online Payments

HyperPay has signed an agreement with STC Pay, which has become available to all HyperPay\s merchants in Saudi Arabia.

HyperPay, online payments, STC Pay, merchant, Saudi Arabia

Saudi Arabia launches e-invoice payment platform for businesses

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

Saudi Arabia Monetary Authority has announced the launch of Esal, an B2B electronic bill presentment and payment platform developed by Saudi Payments.

Saudi Arabia, Saudi Arabia Monetary Authority, Esal, B2B electronic bill presentment platform, payments platform, e-invoicing, Saudi Payments, electronic invoice

Allied Wallet adds new payment options in Saudi Arabia

06 Jun 2019 | Online Payments

Allied Wallet, a provider of online payment processing, has become compatible with several preferred payment options in Saudi Arabia.

Allied Wallet, online payment, Saudi Arabia, payment processing, SADAD, OneCard, CashU

mada, Visa launch Stay Secure campaign

27 May 2019 | Cards

The Saudi Payment Network (mada) and Visa have launched Stay Secure, a consumer education campaign to promote safe digital payments.

mada, Visa, Stay Secure, card payments, ecommerce, Saudi Arabia, mada, Saudi Payment Network

Saudi Payments to introduce national payments system in Saudi Arabia

16 May 2019 | Online Payments

Saudi Payments has signed a MoU with banks and financial technology companies to implement a QR-based national payment system in Saudi Arabia.

Saudi Payments, payments system, Saudi Arabia, SAMA, merchant, bank