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...
Visa, a global leader in digital payments, has announced a significant collaboration with Egyptian Banks Co. for Technological Advancements (EBC), facilitated by the Central Bank of Egypt (CBE). This strategic partnership aims to revolutionize the landscape of instant payments and streamline the reception of international remittances from Egyptian expatriates. The Memorandum of Understanding (MoU) signed...
TerraPay, a leading global cross-border payments network company, and Diamond Trust Bank Uganda (DTBU), a prominent member of the Diamond Trust Bank Group, have announced a strategic partnership aimed at expanding international money transfers and fostering financial inclusion in Uganda. This collaboration promises unparalleled benefits for customers worldwide, leveraging the strengths of both entities to...
Çağla GÜL ŞENKARDEŞ, CEO of MenaPay while in conversation with The Strategic View elaborated on how MenaPay is focusing on financial inclusion and has changed the dynamics of the payment industry of the region using blockchain technology. 1. What led you to create ‘MenaPay’? When was it founded? MenaPay stands for connecting consumers with the...
The Saudi Central Bank (SAMA) licensed “Network International Arabia” to provide payment services through points-of-sale (POS), and “Barraq” to offer e-wallet services. With the addition of these two companies, there are now 27 licensed companies offering payment services in Saudi Arabia. This decision reflects SAMA’s endeavor to support the payments sector, increase efficiency of financial...