In a move set to redefine the financial landscape of Saudi Arabia, Alraedah Digital Solutions, a prominent technology company and the innovation arm of Alraedah Digital Group, has announced a strategic partnership with ABHI, a MENAP-based Fintech specializing in Earned Wage Access and Invoice Factoring. This collaboration signifies a significant milestone in Alraedah’s commitment to...
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...
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...
Trend Micro, a renowned global cybersecurity leader, has introduced its groundbreaking Trend Vision One™ platform in the UAE, marking a significant milestone in the realm of cybersecurity. This cloud-native security operations platform represents a leap forward in threat detection, response, and risk analysis, offering unparalleled benefits to organizations, including substantial reductions in data breach risk,...
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...
Mastercard and Bahrain Commercial Facilities Company (BCFC) have joined forces to unveil the Mastercard UEFA Champions League card issued by IMTIAZ, marking a pioneering initiative in the Kingdom of Bahrain. This innovative payment solution offers a host of benefits tailored to cardholders, aiming to elevate customer service standards and provide an unparalleled payment experience. The...
Network International, a leading facilitator of digital commerce across the Middle East and Africa has expanded the reach of Mastercard’s Brighterion fraud prevention solution, leveraging artificial intelligence (AI) technology, to over 60,000 merchants. This strategic collaboration aims to bolster the payments industry by providing advanced transaction fraud screening and merchant monitoring services. Mastercard’s state-of-the-art AI...
Temenos announced that Cooperative Bank of Oromia (Coopbank), one of Ethiopia’s largest banks, has introduced CoopApp and CoopApp Alhuda on the Temenos Digital (Infinity) platform, ushering in a modern digital banking experience tailored for conventional and Islamic banking, catering to over 12 million customers. Ethiopia, with one of the lowest rates of financial inclusion, takes...
In a bid to enhance financial literacy among 14-16-year-old students across the UAE, the National Bank of Fujairah (NBF) initiated a pioneering educational programme with its first secondary school visit. The inaugural session, hosted at GEMS Winchester School in Fujairah, aimed to equip students with essential knowledge and skills for making informed financial decisions, covering...
First Abu Dhabi Bank Misr (FABMISR), one of Egypt’s largest banks, has announced a strategic partnership with Drive Finance, one of the country’s leading consumer finance firms. This landmark collaboration integrates Drive Finance with ‘Access by FABMISR’, aiming to transform payment collections for Drive Finance and expand FABMISR’s presence in the Egyptian market. The partnership...