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...
Tata Consultancy Services (TCS) announced a strategic collaboration with Central Bank, a leading Midwest regional bank, aimed at modernizing its core technology infrastructure, fostering innovation, and fortifying customer relationships. Central Bank’s adoption of TCS BaNCS™ underscores its commitment to leveraging advanced technology to streamline operations and enhance customer experiences, thereby facilitating continued growth for the...
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...
Valu, a prominent financial technology powerhouse in the Middle East and North Africa (MENA), has announced a strategic partnership with noon Payments, the online payments gateway of noon.com, to deliver Valu’s accessible financial solutions to customers across the region. The collaboration between Valu and noon Payments aims to integrate Valu’s comprehensive suite of financial solutions...
HyperPay, a leading payment gateway provider in the MENA region, showcased the upgraded version of its ‘HyperSight’ analysis tool at the prestigious LEAP 2024 Conference held in Riyadh. The unveiling of the newly enhanced tool signifies HyperPay’s commitment to driving growth and innovation in the fintech industry while providing valuable assistance to companies through innovative...
Qatar Islamic Bank (QIB), the forefront of digital banking in Qatar, proudly unveils its latest offering: the instant payment service “FAWRAN” on the QIB Mobile App. This groundbreaking service, spearheaded by Qatar Central Bank (QCB), revolutionizes payment transactions across the nation, setting new standards for efficiency and convenience. Meaning “instantly” in Arabic, “FAWRAN” simplifies 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...
In a strategic collaboration, Valu, the leading financial technology powerhouse in the MENA region, has announced its partnership with Bosta, the foremost tech-enabled last-mile delivery service provider in Egypt and Saudi Arabia. Through this strategic agreement, Valu aims to transform the shipping landscape in Egypt by introducing an innovative installment on delivery (IOD) feature through...
In a major stride towards bolstering digital financial services, Beyon has officially announced the impending launch of Beyon Money Business. This new vertical is poised to revolutionize the landscape for Small and Medium Enterprises (SMEs) and Corporates by offering bespoke digital financial solutions. The comprehensive suite includes cutting-edge features such as expense management through digital...