Network International, a prominent facilitator of digital commerce across the Middle East and Africa, has broadened the reach of Mastercard’s innovative Brighterion fraud prevention solution, leveraging artificial intelligence (AI) capabilities, to encompass over 60,000 merchants. This strategic initiative between the two entities aims to fortify the payments industry by furnishing transaction fraud screening and merchant...
Singtel and M1 have taken a decisive step in the fight against digital fraud by signing a Memorandum of Understanding (MoU) to enable network-based authentication for their mobile subscribers. This collaboration aims to leverage telco application programming interfaces (APIs) to enhance security and verification in digital transactions, aligning with industry standards set by the GSMA....
Magnati, a leading payments solutions provider in the Middle East, has announced a strategic partnership with Al Etihad Payments (AEP), a subsidiary of the Central Bank of the UAE. This collaboration signifies Magnati’s ongoing commitment to shaping the future of payments in the region. Leveraging AEP’s cutting-edge platform, Aani, the partnership aims to deliver seamless,...
Qatar Islamic Bank (QIB) takes a pioneering step in digital banking with the launch of a feature allowing customers to manage their Debit Cards digitally through its Mobile App. This advancement enables users to access essential card details, such as the 16-digit card number, expiry date, and CVV, without needing the physical card. The information...
OIFC’s Khedmah Gains Approval as a Payment Service Provider, Set to Introduce Innovative E-Wallet for Seamless Digital Transactions in Oman In a significant stride toward fostering digital transformation in Oman’s financial landscape, the Oman Investment and Finance Company (OIFC) has received regulatory approval from the Central Bank of Oman to operate as a Payment Service...