Articles with tag: united arab emirates

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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

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

Postpay launches new products across partner retailers in the United Arab Emirates

19 Jun 2020 | Ecommerce

United Arab Emirates-based ‘buy now, pay later’ company Postpay has launched three instalment options as part of its mission to facilitate payments in the Gulf Cooperation Council.

Postpay, United Arab Emirates, online shopping, instalments, Pay in Two, Average Order Values, Pay in Four, Pay Now, debit card processor, One Click, retailers, checkout

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

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

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

Etisalat, Noor Bank tie up with MoneyGram for cross-border remittances through eWallet

07 Apr 2020 | Online Payments

Digital Financial Services, MoneyGram have announced the launch of an international remittance service to 200 countries through an eWallet account.

Digital Financial Services, Etisalat, Noor Bank. e-wallet, Central Bank of UAE, United Arab Emirates, e-wallet, online payments, mobile payments, payments app,

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

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

Emirates NBD to use LiquidX's network to sell commodities

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

US-headquartered network for illiquid assets LiquidX has revealed that it has added Emirates NBD to its network.

Emirates NBD, LiquidX, LiquidX platform, financial institution, liquid commodities, trade finance, Singapore, United Arab Emirates, Dubai

Moody's announces KYC blockchain platform as credit positive

28 Feb 2020 | Digital Identity, Security & Online Fraud

US-based credit rating agency Moody’s Investors Service has deemed a KYC blockchain platform credit positive for financial institutions in the United Arab Emirates.

Moody, KYC, blockchain, credit positive, US, United Arab Emirates, financial institutions, banks, data theft

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.

Cloudia expands procure-to-pay solution to Middle East and Africa

04 Feb 2020 | E-invoicing, SCF & E-procurement

Finland-based e-procurement service provider Cloudia has agreed with BuyerQuest to expand their procure-to-pay solution in the Middle East and Africa regions.

Cloudia, BuyerQuest, e-procurement, supplier finance, source-to-pay, e-invoicing, e-sourcing, contract management, supplier management, Finland, United Arab Emirates

OG Pay teams with Bankable to enter European digital payments market

03 Feb 2020 | Online & Mobile Banking

UAE-based fintech specialising in payment processing OG Pay has announced working with Bankable to pierce the European digital banking segment.

OG pay, OG Bank, Bankable, Europe, United Arab Emirates, online banking, mobile banking, digital payments solution, financial technology, Banking as a Service

Farnek launches new e-procurement portal

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

UAE-based facilities management company Farnek has officially launched a new online e-procurement portal.

Farnek, e-procurement, tendering process, facility management, product launch, e-procurement platform, contract tracking, e-procurement process, United Arab Emirates, Dubai, B2B payments, business process automation

Emirates NBD signs MoU on blockchain trade finance solutions in Dubai

15 Oct 2019 | E-invoicing, SCF & E-procurement

The Dubai Chamber of Commerce and Industry has signed a memorandum of understanding (MoU) with Emirates NBD on trade finance solutions.

Emirates NBD, The Dubai Chamber of Commerce and Industry, Dubai, United Arab Emirates, MoU, memorandum of understanding, trade finance, blockchain, trade finance solutions, Digital Silk Road,

Middle East: WEX rolls out virtual payments solutions with Mastercard

08 Oct 2019 | Cards

WEX, a financial technology service provider, has expanded its global footprint and entered the Middle Eastern payments market to issue virtual cards in the United Arab Emirates (UAE).

WEX, United Arab Emirates, Mastercard, virtual cards, payments, cards

75% of customers in the UAE prefer online banking, study

30 Sep 2019 | Online & Mobile Banking

A Banker Middle East Industry Awards survey has revealed that 75% of bank clients in the United Arab Emirates prefer online banking to physical branches.

Banker Middle East Industry Awards, New Perspective Media Group, online banking, banking, online finance management, United Arab Emirates, digital banking, ATM, bank account

Emirates NBD launches new trade finance portal

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

UAE-based bank Emirates NBD has launched smartTRADE, a new portal catering to supply chain and trade finance customers.

smartTRADE, Emirates NBD, trade finance portal, supply chain finance, trade finance, United Arab Emirates, EMEA, letter of credit, lending, B2B payments, bank guarantee