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Norway Joins TIPS, Adding Norwegian Krone to Eurosystem’s Instant Payment Service

Fintech Finance

The European Central Bank (ECB) and Norges Bank signed an agreement for Norway to join the Eurosystem’s TARGET Instant Payment Settlement (TIPS) service. Norway is the first non-European Union country of the European Economic Area to join one of the Eurosystem’s TARGET Services.

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Swiss-UK Agreement Sends Strong Signal for Open Financial Markets

Fintech News

Switzerland and the United Kingdom signed an agreement to create more efficient and globally competitive conditions for cross-border trade in financial services with the new “Berne Financial Services Agreement” (BFSA). The agreement requires approval by the parliaments of both countries before it can enter into force.

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Sacombank Reportedly Planning 33% Stake Sale to Raise Up to US$880 Million

Fintech News

The bank, listed in Ho Chi Minh City, intends to offer the shares at 34,500-36,000 dong (US$1.36-US$1.40) This move values the bank at approximately 53.5 The sale faces significant hurdles due to regulatory limits on foreign ownership in Vietnamese banks, capped at 30%. trillion dong (US$2.1

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Syria, Iran Reach Banking Agreement

PYMNTS

Syria and Iran governments have come to an agreement to enable bank transactions between the countries, reported Reuters. Reuters reported the agreement is just one of many the two countries reached during a visit to Damascus by Iranian Vice President Eshaq Jahangiri. The deal could change that. “We

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Mastercard Collaborates With Jeel to Drive Payment Modernization in Saudi Arabia

Fintech Finance

Mastercard and Jeel a subsidiary of Riyad Bank are joining forces to enable digital and cutting-edge solutions such as AI to drive innovation in Saudi Arabia. Introducing the novel offering to the Kingdom, the collaboration will see the two entities work together to serve all non-banking financial institutions (NBFI) market segments.

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Mastercard and Amazon Payment Services to Enable Digital Payment Acceptance Across Middle East and Africa

Fintech Finance

Mastercard and Amazon Payment Services have signed a multi-year commercial partnership agreement to digitize payment acceptance in Middle East and Africa, across countries including Bahrain, Egypt, Jordan, Kuwait, Lebanon, Oman, Qatar, South Africa and UAE.

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FAB and Visa Partner to Expand Cross-Border Payments Through Visa B2B Connect

Fintech Finance

Visa, the world leader in digital payments, today announced a significant partnership with First Abu Dhabi Bank (FAB) , the largest bank in the United Arab Emirates, to expand the Visa B2B Connect network in the region.