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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...
Alibaba Cloud, the digital technology and intelligence arm of Alibaba Group, inaugurated the Alibaba Cloud Academy Training Center in the MEA region, marking a significant milestone in empowering customers and partners to enhance their digital proficiency. Situated in Dubai Internet City, a renowned global tech ecosystem under TECOM Group PJSC, the training centre is strategically...
Visa, a prominent figure in the digital payments landscape, has unveiled the addition of three new AI-powered risk and fraud prevention solutions as part of its global value-added services portfolio. These innovative products, integrated into the comprehensive Visa Protect suite, aim to combat fraud in various payment scenarios, including immediate account-to-account and card-not-present (CNP) transactions,...
Alaan, UAE’s fastest-growing corporate card solution, and Visa, a global leader in digital payments, have unveiled a landmark 5-year deal aimed at digitizing expense management processes for businesses in the UAE and KSA. This strategic alliance seeks to harness Visa’s renowned payment network, VisaNet, alongside Alaan’s AI-powered spend management system to provide enhanced financial control...
ACI Worldwide, a global leader in mission-critical, real-time payments software, has announced a transformative 10-year strategic partnership with Arab Financial Services (AFS), the leading digital payments solutions provider and fintech enabler in the Middle East and Africa region. This landmark collaboration aims to spearhead digital payments modernization initiatives for banks, fintechs, and merchants across the...
In a significant move towards bolstering the UAE’s digital payments ecosystem, Fime has been selected by Al Etihad Payments, a subsidiary of the Central Bank of the UAE, to play a pivotal role in establishing the UAE’s domestic card payment scheme, named Jaywan. This collaboration aims to enhance financial inclusion, sovereignty, and economic stability in...
MeaWallet, a leading digital payments enabler specializing in card tokenization, has unveiled its groundbreaking Mea Card Gateway, marking a significant leap forward in secure payment processing solutions. This innovative platform serves as a crucial link between MeaWallet customers, payment processors, and service providers, ensuring the secure transmission of sensitive payment card data. Designed to address...
BKN301 Group, prominent digital payments and Banking-as-a-Service (BaaS) provider in the MENA region, has unveiled its groundbreaking BKN301 BaaS Orchestrator solution, aiming to revolutionize the financial landscape across the region. The innovative platform is designed to empower businesses, including fintech companies and traditional banks, by offering them the capability to seamlessly integrate financial services into...
CASHIN KSA, a prominent player in the POS and digital payments fintech sector in the Kingdom of Saudi Arabia, and Fils, a pioneer in climate-positive transactions, have announced a transformative partnership aimed at reshaping the financial landscape with sustainability as its cornerstone. In response to growing concerns about global warming, CASHIN KSA and Fils have...
In a significant move towards advancing digital payment solutions in Egypt, Contact Pay, a leading payment solutions provider, and subsidiary of Contact Financial Holding, has inked a strategic cooperation agreement with OPay, a prominent fintech solutions and electronic payments company. This collaboration aims to elevate digital payment experiences for consumers and businesses while expanding the...