Krungthai Bank, a leading commercial bank in Thailand, has raised the bar for the country’s banking sector with the launch of “Green Deposits” in Thai Baht and US Dollar denominations. These deposits, introduced under the Green Financing Framework, mark a significant milestone in promoting sustainable financial practices. Partnering with ISS Corporate Solutions (ISS-ESG) as the...
Oman Investment & Finance Co. (Khedmah), a trailblazer in payments and collections services in the Sultanate of Oman, is set to redefine the digital landscape in the country with the introduction of its innovative e-wallet, “Khedmah Pay.” Following approval from the Central Bank of Oman (CBO), Khedmah has seamlessly integrated the platform to offer a...
In a groundbreaking collaboration, City Bank and bKash have launched ‘Pay-Later,’ a unique collateral-free digital nano loan service, marking a significant milestone in the financial landscape of Bangladesh. This innovative service allows customers to make interest-free purchases through the bKash app, even if they have insufficient balances in their accounts. Customers can repay the loan...
In an exclusive interview, Ghita Erling, Chief Executive Officer of the Payments Association of South Africa (PASA), South Africa, shared her insights on the rapidly evolving payments landscape and the future of digital payments. A Journey in Payments Ghita’s journey in payments began in a bank’s physical cash processing division, where she experienced the risks...
Mashreq Pakistan, a part of Mashreq, the leading financial institution in the MENA region, is proud to announce its partnership with 1LINK – Pakistan’s premier switch and payment services provider. This is a significant milestone towards Mashreq’s bid to revolutionize the digital banking experience for Mashreq customers across Pakistan. By joining forces with 1LINK, Mashreq...
blink, a prominent FinTech platform and subsidiary of Emtel Ltd, has announced a strategic partnership with WebEngage, a leading marketing technology (MarTech) company specializing in AI, automation, customer data platform (CDP), and advanced data analytics. This collaboration signifies blink’s commitment to enhancing customer engagement and delivering exceptional app-based experiences to its extensive user base in...
Ant International’s cross-border mobile payment solution, Alipay+, has reached a significant milestone by connecting two million merchants across Japan, enhancing the payment experience for both local businesses and international tourists. With the cherry blossom season drawing tourists from around the world to Japan, this development comes as a boon, enabling seamless transactions for travellers through...
In a landmark move aimed at fostering innovation and fortifying bank-fintech collaborations, the Hong Kong Science and Technology Parks Corporation (HKSTP) and HSBC have entered into a transformative three-year partnership agreement. This pioneering collaboration marks a significant milestone as the city’s largest innovation and technology (I&T) ecosystem joins forces with a global banking giant to...
Khaleeji Bank, a prominent Islamic bank, has unveiled a strategic collaboration with Eskan Bank to offer Shari’a-compliant Home Financing solutions to citizens. Under the umbrella of this strategic partnership, Khaleeji Bank and Eskan Bank will work hand in hand to extend financing options to citizens through the “Joint Guarantee” program. This program will see both...
Abu Dhabi Islamic Bank (ADIB), a leading financial institution, has successfully launched a cutting-edge payment hub, transforming the way customers conduct their transfers with speed and efficiency. In collaboration with real-time payment solutions company ProgressSoft, ADIB aims to streamline Cross-Border Services and expedite cross-border remittances through this strategic initiative. The newly launched payment hub signifies...