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Network will also introduce Alipay+ paymentsolutions to the online platforms it supports in this region, providing consumers a combined online and offline seamless QR code payment experience by using their home e-wallets or preferred digitalpayment methods. The ceremony was witnessed by H.E.
Network International (Network), a leading paymentsolutions provider in the Middle East and Africa, has signed a memorandum of understanding (MOU) with GIM-UEMOA , the regional payment scheme which promotes electronic payments across the banking, financial and public administration sectors in West Africa.
But to fully realize the sector’s potential, stakeholders must focus on nurturing a robust ecosystem by enhancing capital access, attracting and retaining top talent and fostering a strong demand for paymentsolutions, a new report by Emerging Payments Association Asia (EPAA) says.
BKN301 Group , a London-based digitalpayments and banking-as-a-service (BaaS) solutions company, is organising a series of roadshows to drive financialinclusion. The events aim to educate local stakeholders on the potential of advanced digitalpaymentsolutions tailored to meet diverse market needs.
Saudi Arabia for Information Systems Technology to operate digitalpayment services via an electronic wallet in the Kingdom. This license marks an important step in enhancing the companys position in the growing digitalpayments market in Saudi Arabia.
With digitalpayments in the Middle East, Turkey, and Africa (META) projected to grow at a compound annual rate of approximately 17.7% from 2023 to 2030, the region’s payment landscape is set for substantial evolution.
BKN301 Group , a London-based leading digitalpayments and Banking-as-a-Service (BaaS) provider in the MENA region, unveiled its latest innovative paymentsolution, ‘301 Retail Account.’ The solution will further help promote financialinclusion and economic progress in the region.
Network International (Network), a leading enabler of digital commerce in the Middle East and Africa, has signed a referral agreement with National Bank of Fujairah (NBF ) to extend digitalpayment services to the bank’s corporate customers.
SecurityTech company Giesecke+Devrient (G+D) is making digitalpayments independent of online connectivity. Even in today’s digital-first economy, connectivity issues can present challenges for digitalpayment transactions, especially in rural areas. billion unbanked people worldwide.
PayerMax , a leading global provider of paymentsolutions, has been named Best PaymentsSolutions Provider of 2024 by MEA Finance magazine at an award ceremony hosted on November 12 in Dubai. PayerMax is committed to providing businesses with one-stop local paymentsolutions to meet their diverse payment needs.
Digitalpayments are transforming global financial systems, reshaping how individuals and businesses transact. In the fintech space, digitalpayments represent a major driver of innovation. The Rise of Embedded Finance Embedded finance is revolutionising the way businesses interact with financial services.
. “This collaboration reflects BRI’s continuous efforts to enhance productivity and efficiency by expanding its digitalpayment channel network to meet the growing demand for global transactions,” he said.
The agreement with Network International will reinforce DTB’s digital-first strategy in the Kenyan market. Through this partnership, Network will offer a variety of payment products and services including debit, credit and prepaid card hosting and processing as well as e-Commerce.
Orange Middle East and Africa (OMEA) ( www.Orange.com ) and Mastercard have announced a strategic partnership to expand access to mobile financial services across Sub-Saharan Africa. The partnership will be rolled out in seven countries including Cameroon, Central African Republic, Guinea-Bissau, Liberia, Mali, Senegal and Sierra Leone.
These devices enable consumers to make swift, secure payments by simply tapping their wearable at any compatible point-of-sale (POS) terminal, ATM, or NFC-enabled payment point. This innovation enhances the consumer experience while setting a new standard for secure, frictionless payments, advancing financialinclusion in Somalia.
the oldest bank in Rwanda and licensed by the Central Bank of Rwanda , and Network International (Network) have partnered to improve financialinclusion in the country. The agreement with Network International will reinforce I&M Bank’s digital-first strategy and leadership in the Rwandan market.
Together with Mastercard, we aim to set new standards for digital banking in Kenya,” said Osman Dualle, CEO of Premier Bank Kenya. Our collaboration with Premier Bank is a testament to Mastercard’s dedication to advancing financialinclusion through innovative and responsible solutions.
ZainCash Iraq , a payment service provider and subsidiary of March Holding , has implemented Temenos’ core banking and payments platform to drive the growth and innovation of its digitalpayment services.
Kuady has announced its expansion into Latin America, debuting digital wallet services in Ecuador and a virtual prepaid Mastercard in Argentina, adding to its existing operations in Mexico, Peru, Argentina and Chile. New options The virtual prepaid Mastercard expands digitalpayment options in Argentina.
EBANX, a global fintech company specialising in paymentsolutions for emerging economies, has announced a strategic partnership with Bancolombia bank to integrate payment method Botón Bancolombia into its array of payment options in Latin America.
We hear from industry experts on how embedded finance ensures the checkout experience is financiallyinclusive. “Doing so accommodates individuals who may not be able to access traditional banking services, or those who prefer to use alternative payment methods.
But this digitalpayments gamechanger relies on an internet connection to function, as transactions require seamless and uninterrupted communication between a host of payment players. A QR payment flow begins with the customer scanning a QR code for the required amount. Clocking a record high of 9.96
Cambodia is leveraging fintech innovations and strategic reforms to boost economic growth, financialinclusion and international partnerships, positioning itself as a key player in the Southeast Asian digital economy. Cambodia has also ventured into central bank digital currencies (CBDCs).
Mastercard has signed a memorandum of understanding (MoU) with The BENEFIT Company (BENEFIT), leading fintech company in Bahrain, and the national electronic payment infrastructure operator, to explore opportunities for collaboration in driving innovation and financialinclusion in the country’s dynamic payments ecosystem.
In a significant move towards enhancing digitalfinancialinclusion, Salaam Somali Bank , in collaboration with Mastercard , has announced the launch of a digital-first co-branded multi-currency prepaid card designed to revolutionize digitalpaymentsolutions.
Reem Finance (RF), a leading financial services provider in the UAE, has signed a strategic partnership agreement with global digitalpayments leader, Visa. to expand its offerings by providing innovative, secure digitalpaymentsolutions to its customers including contactless enabled Visa cards and digital wallets.
This partnership between n1co and Inswitch promotes financialinclusion among a large portion of the Salvadoran population, especially youth, providing them easy access to their first financial instruments. The n1co card and n1co App are more than just tools; they are gateways to a world of financial possibilities.
Mexican digitalpayments and commerce enablement platform Clip announced a major investment this week. The company, which offers a suite of payments and other financial services solutions to small and medium-sized businesses in Mexico, has raised $100 million in new funding. .” Clip was founded in 2012.
Commercial Bank International will enable NOW Money to deliver efficient, secure and comprehensive banking solutions to its users through its banking infrastructure. Meanwhile, Network will enable NOW Money to offer faster, more reliable and secure transactions through its paymentssolutions.
Mastercard has partnered with Loop, a leading digitalpayments technology company licensed by SAMA, to empower businesses and consumers across the Kingdom with greater access to advanced credit card offerings and innovative paymentsolutions.
Nicolas Andine, CEO of NOW Money, expressed his enthusiasm about the partnership: “We are thrilled to partner with Mastercard, a global pioneer in payments innovation. Convenient DigitalPayments: Integration of the Mastercard with the NOW Money app allows for seamless financial management.
Kenya’s payment acceptance market continues to grow, with mobile wallet payments driven by M-PESA showing a 12.7% By embedding Mastercard’s omnichannel acceptance solutions across M-PESA’s merchant space, the partnership is scaling digitalpayments across Kenya. CAGR between 2020 and 2024.
These developments underscore Kuadys commitment to driving financialinclusion and delivering innovative paymentsolutions across the region. The virtual prepaid Mastercard expands digitalpayment options in Argentina. Kuadys user friendly e-wallet in Argentina offers users the option of both ARS and USD.
The partnership with Visa is a testament to Pyypl’s mission to democratise access to financial services, its innovative business model and the large market opportunity – as well as highlighting Visa’s trust in Pyypl to accelerate financialinclusion.
Doha Bank and Mastercard have formed a major long-term partnership to boost the commercial bank’s paymentsolutions and support Qatar’s digital transformation goals. This strategic alliance, one of the most significant deals in Qatar’s financial sector, highlights Doha Bank’s commitment to digital transformation.
Launching the Prepaid Hibir Mastercard in collaboration with Mastercard is a testament to this, marking a significant step towards our mission of digitalfinancialinclusion. This service is more than just a paymentsolution; it is a bridge for Ethiopians to access the global market with ease and security.”
Leading Pan African innovator in secure and seamless paymentsolutions, SeerBit and Kuda , a digital bank renowned for its commitment to financialinclusion, has announced a strategic partnership with to boost the reliability and convenience of online payment for businesses and other users.
Arab Financial Services (AFS) , a pioneering digitalpaymentssolutions provider and fintech enabler in the Middle East and Africa, has raised $50 million in capital. The additional capital will enable AFS to expand its operations, enhance its product offerings, and drive innovation in the digitalpayments landscape.
Doha Bank and Mastercard have entered a long-term strategic partnership to maintain the bank’s leadership in customer service and innovative paymentsolutions. The landmark collaboration is one of the largest deals of its kind in Qatar, reaffirming the bank’s status as a key player in the country’s financial sector.
Financialinclusion is no mere buzzword in financial services. In an interview with PYMNTS, Eddie Grobler, executive vice president of ACH Systems and Integration with Vocalink , noted that financialinclusion can help individuals, families and businesses find surer financial footing on a day-to-day basis.
Singapore-based fintech company FOMO Pay has partnered with Mastercard to debut FOMO SoftPOS, a new Tap on Phone paymentsolution. This enables businesses to process contactless card payments directly on their smartphones via the FOMO Pay app, available on the Google Play Store.
PayerMax , a leading global paymentsolutions provider, is proud to announce its decision to expand into the Kingdom of Saudi Arabia (KSA) and its noteworthy commitment to the KSA by establishing its regional headquarters in Riyadh.
Network International, a digital commerce player in the Middle East and Africa (MEA), has partnered with global digitalpayment provider Ant International to bring expanded digitalpayment options to businesses across the region. Alipay+ currently connects over 30 digitalpayment methods across the world.
Lorenzo Pellegrino, CEO at Kuady said: “At Kuady, we’re dedicated to driving global financialinclusion and innovation. Our expansion into Argentina marks a significant milestone in our mission to provide secure and efficient digitalpaymentsolutions worldwide.
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