Al Rajhi Bank has taken a significant stride in the realm of banking innovation by initiating its participation in the “Buna” platform, a groundbreaking service for multi-currency and cross-border payments in the Arab world. Overseen by the Arab Payments Clearing and Settlement Regional Corporation, an affiliate of the Arab Monetary Fund, “Buna” equips banks with...
dLocal, a leading cross-border payment platform specializing in high-growth markets, has announced a strategic partnership with Ebury, a global fintech company, marking a significant step towards transforming payment solutions in Africa’s largest markets. The collaboration between dLocal and Ebury aims to revolutionize payment processes by seamlessly managing both pay-ins and payouts while optimizing costs and...
KCB Bank Kenya and Mastercard have entered a 5-year strategic collaboration framework aimed at providing enhanced value propositions to cardholders across the East African region. This collaboration will see the rollout of payment solutions in Kenya, Rwanda, Burundi, South Sudan, Tanzania, and Uganda. Customers can expect exclusive benefits, including a wide spectrum of Mastercard payment...
Mastercard, a global leader in payment solutions, and Abu Dhabi Global Market (ADGM) have unveiled a strategic collaboration aimed at catalyzing the growth of the burgeoning small and medium enterprise (SME) sector in Abu Dhabi and the broader UAE by digitalizing SME payment flows. This collaborative initiative seeks to empower SMEs, leveraging Mastercard’s cutting-edge technologies...
AsiaPay, a prominent provider of digital payment solutions in the Asia Pacific, has entered into a Memorandum of Understanding (MOU) with BLOX, an emerging Malaysian Web 3.0 company and creator of the first MYR-denominated stablecoin (MYRC). The collaboration aims to jointly explore and develop cryptocurrency digital payment solutions specifically tailored for the Malaysian market. As...
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...
RevoluPAY, a subsidiary of RevoluGROUP Canada Inc., and MyFullTrip SA, a subsidiary of Vesilen Investment SL, have entered into a non-arms length Memorandum of Understanding (MOU), signaling a transformative leap in payment solutions, loyalty programs, and personalized travel experiences. This strategic collaboration aims to merge RevoluPAY’s financial expertise with MyFullTrip’s proficiency in loyalty tools, subsidy...