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Finablr’s BayanPay Awarded Payments License From Saudi Authority

PYMNTS

Finablr , a Saudi Arabia-based global platform for payments and foreign exchange solutions, has announced that its network brand, BayanPay , has been awarded a license to provide payment services by the Saudi Arabian Monetary Authority (SAMA). BayanPay will offer digital wallets, eCommerce and SMB payments gateway solutions in Saudi Arabia.

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Government Procurement Lacks Agility, Transparency, Survey Finds

PYMNTS

Electronic procurement and the rise of a B2C-like shopping experience for corporate buyers has turned the buying process into a strategic function for many organizations. But for others, simply digitizing the procurement process in the first place remains a challenge. That Procurement Performance Index dropped from 76.4 in 2016 to 72.6