Amazon.ae announced the expansion of the International Shopping experience to Qatar, allowing local customers to browse and shop hundreds of thousands of eligible products that will be shipped to them from the UAE. Making it easier than ever for customers to get the best of Amazon.ae, customers in Qatar can now choose from products across more...
he Open Banking market across Arab Countries to grow by 25% annually over the next five years, The Arab Monetary Fund (AMF) said in a report issued this week, presenting guidelines for an “Effective Open Banking/ Finance Adoption”. The report was produced by members of the Arab Regional Fintech Working Group (WG) in collaboration with...
GITEX GLOBAL, one of the world’s largest tech show, kicked off its record edition this week in Dubai to a phenomenal international response over its first three days. Its huge scale in 2023 was amplified by the announcement that the mega tech and start-up event will launch in Europe, spearheading the international market expansion impetus...
Mashreq joined forces with Al Etihad Payments to introduce the state-of-the-art “Aani Instant Payment Services” on the Mashreq App. The latest service reshapes the payment ecosystem across the board – from individual consumers to luxury outlets, everyday merchants, and beyond. The initiative is endorsed by the Central Bank of the UAE, reinforcing its position as a trusted and reliable payment solution....
Mastercard and Pemo, a UAE-based fintech startup that supports businesses across the Middle East, North Africa and Pakistan (MENAP), have initiated a strategic partnership to promote cashless, flexible expense management for small and medium-sized businesses (SMEs) in the UAE. The move supports the country’s ambitions to strengthen its thriving SME ecosystem. Announced during Fintech Surge...
The Saudi Central Bank (SAMA) and the Monetary Authority of Singapore (MAS) have agreed to work together on fintech and innovation. The agreement was signed by H.E. Mr. Ayman Al-Sayari, Governor of SAMA, and H.E. Dr. Vivian Balakrishnan, the Minister for Foreign Affairs of Singapore, representing MAS. It aims to provide a robust framework for...
Rather than viewing the development of APIs as a regulatory cost burden, banks should strive to realise the considerable monetisation opportunites afforded by the trend, according to a new report from the Mobey Forum's Open Banking Expert Group.
French payments giant Worldline is boosting its presence in Italy through the acquisition of Banco Desio’s merchant acquiring activities for around EUR100 million.
NatWest has released three new APIs to support corporate, commercial, and institutional customer demand for real time payments and automated reconciliation, including BACs payments.
The Spanish banking sector has set up a working group and proof-of-concept to assess the impact of the implementation of a digital euro by the European Central Bank.
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