SAMA Announces Issuance of Second Release of Open Banking Framework
The Saudi Central Bank (SAMA) has issued the second release of its Open Banking Framework, focusing on Payment Initiation Services that standardise how...…
Pete Sadler
SNB Launches "NEO" Digital Banking with an Innovative Lifestyle Approach
Saudi National Bank has launched NEO, a lifestyle-oriented digital banking platform designed to serve the Kingdom's young, digitally connected population...…
Shawbrook Selects Thought Machine's Vault Core to Scale Commercial SME Lending
UK specialist bank Shawbrook has selected Thought Machine's Vault Core as its core banking platform to scale its commercial SME lending operations.…
Standard Chartered Launches Digital Asset Custody Service in the UAE
Standard Chartered has launched a digital asset custody service in the UAE after receiving a licence from the Dubai Financial Services Authority, offering...…
PayPal Launches "PayPal Everywhere," Entering In-Store Payments with Debit Card and Apple Wallet Integration
PayPal has launched PayPal Everywhere, an omnichannel initiative that integrates its debit card with Apple Wallet to enable in-store contactless payments at...…
BNPL Giant Tabby Acquires Saudi Digital Wallet Tweeq in First-Ever Acquisition
Tabby, the Gulf's leading buy-now-pay-later platform valued at $1.5 billion, has announced its first acquisition, purchasing Saudi-based digital wallet...…
SAMA and Samsung to Launch Samsung Pay in Saudi Arabia
The Saudi Central Bank (SAMA) has announced an agreement to enable the launch of Samsung Pay in Saudi Arabia during the fourth quarter of 2024, expanding...…
Tamara Secures SAMA Preliminary Approval for Consumer Finance Licence, Expanding BNPL Scope
Saudi fintech Tamara has received preliminary approval from the Saudi Central Bank (SAMA) for a consumer finance licence, a regulatory milestone that...…
Bahrain's Open Banking Framework Enters Force, Mandating Compliance for All Licensed Banks
The Central Bank of Bahrain's Open Banking Framework has entered into force, requiring all licensed banks and finance companies in the kingdom to comply...…
Bahrain's Open Banking Framework Enters Force, Mandating Compliance for All Licensees
The Central Bank of Bahrain (CBB) has confirmed that all licensed financial…
Mastercard Selects India for Global Launch of Payment Passkey Service
Mastercard has selected India as the launch market for its Payment Passkey Service, a biometric authentication system that replaces passwords and one-time...…
BankDhofar Selects Entrust for Digital Card Capabilities
BankDhofar has partnered with Entrust to deploy digital card issuance and Tap to Pay capabilities, enhancing its Dhofar-Pay mobile payment solution in Oman.…