Stripe, a financial infrastructure platform for businesses, announced a new charge card program for Stripe Issuing, Stripe’s commercial card issuing product. With the addition of charge cards, fintech, and platforms can create and distribute virtual or physical charge cards that allow their customers to spend on credit rather than the funds in their accounts—providing new […]

Popular shopping site, Menakart, announced its partnership with fintech Xare to provide a new-age payment solution to customers who do not have their credit or debit card to shop online. The rapid growth of e-commerce in the MENA region is fueled by a shift in shopping behavior in the post-pandemic era. According to a recent […]

The Turkish e-commerce market is one of the most vibrant in the world. According to BKM, the Interbank Card Center in Turkey, e-commerce grew 37 to 40% per annum between 2017 and 2020. This accelerated in 2021 with a stunning 75% as the pandemic shifted consumer spending to the online world. Current figures show no […]

Al Fardan Exchange L.L.C, the leading money transfer and currency exchange firm which is licensed and regulated by the Central Bank of the United Arab Emirates (UAE), is continuing its string of accomplishments with its latest venture, a relationship with the world-renowned bank, J.P. Morgan.  This service will offer its UAE corporate customers same-day value […]

European cloud-based neobank Viva Wallet is set to further expand the line-up of payment options offered to their thousands of merchants across the continent. Klarna, counting 150 million global active users and 2 million transactions per day, is the latest addition to Viva Wallet’s online and in-store innovative payment platforms. Through this partnership, merchants meet the needs […]

Qatar Islamic Bank (QIB), Qatar’s leading digital bank, announced the launch of Samsung Wallet, a secure and easy-to-use mobile payment service for all QIB Debit, Credit and Prepaid cardholders owning Samsung devices. Samsung Wallet is a robust mobile payment platform that supports the shift towards digital wallets and provides a secure e-payments avenue around the […]

With an increasing adoption of biometrics in the region, First Abu Dhabi Bank (FAB), the UAE’s largest bank, has partnered with UAE’s largest retailer Majid Al Futtaim (MAF) to launch the nation’s first biometric payment card using IDEMIA’s world-class technology delivering added safety and security to transactions. From unlocking smartphones to gaining verified access to […]

PayTabs — Middle East, Africa, and South Asia’s (MEASA’s) award-winning payments powerhouse — in a historic move announced that it plans to acquire a 100% stake in Digital Pay, Saudi Arabia.  Under the terms of the acquisition, Digital Pay will serve as PayTabs’ flagship point of sale (POS) terminal product, enabling and augmenting millions of […]

valU, MENA’s leading Buy-Now, Pay-Later (BNPL) lifestyle-enabling fintech platform, announced its investment in Hoods, the first and leading live entertainment commerce platform in the Middle East. valU’s investment aims to capitalize on Hoods’ unique platform to penetrate the fast-growing virtual shopping space and diversify its offering to both new and existing valU customers and merchants. […]

ACI Worldwide , the global leader in mission-critical, real-time payments software, will enable GOLDPoint Systems, a leading loan management software provider, to digitalize its bill payments and enhance the entire customer experience with seamless transaction flow. The ACI Speedpay solution serves thousands of billers across multiple verticals in the U.S. and its suite of industry-leading products, including ACI moBills, ACI Virtual Collection Agent and ACI […]