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Payments & Fintech

Lean Technologies Receives First Major Payment Institution Licence for Open Banking in Saudi Arabia

Payments & Fintech

Lean Technologies Receives First Major Payment Institution Licence for Open Banking in Saudi Arabia

Saudi fintech Lean Technologies has become the first company to receive a Major Payment Institution licence for open banking services from the Saudi Central...

SNB Launches "NEO" Digital Banking with an Innovative Lifestyle Approach

Payments & Fintech

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...

Payments & Fintech

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

Payments & Fintech

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

Payments & Fintech

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...

Mastercard Selects India for Global Launch of Payment Passkey Service

Payments & Fintech

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

Payments & Fintech

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.

Payments & Fintech

PayPal and Adyen Expand Partnership to Offer Fastlane Accelerated Checkout in the US

PayPal and Adyen have expanded their strategic partnership to offer Fastlane by PayPal to Adyen's enterprise and marketplace customers in the United States.

Adyen Expands Payment Processing to India, Launches New Technology Hub

Payments & Fintech

Adyen Expands Payment Processing to India, Launches New Technology Hub

Adyen has expanded its direct payment processing capabilities to India and simultaneously launched a new technology hub in the country, deepening its...

NBK Launches WAMD Instant Payment Service via Mobile App

Payments & Fintech

NBK Launches WAMD Instant Payment Service via Mobile App

National Bank of Kuwait has launched the WAMD instant payment service through its mobile banking app, enabling customers to send and receive money instantly...

UAE Launches Jaywan Domestic Card Scheme, Reducing Reliance on International Networks

Payments & Fintech

UAE Launches Jaywan Domestic Card Scheme, Reducing Reliance on International Networks

Al Etihad Payments has launched Jaywan, the UAE's first domestic payment card scheme, enabling financial institutions to issue locally branded debit,...

Kuwait Launches WAMD Instant Payment System, Onboarding 30% of Banked Population Within Three Months

Payments & Fintech

Kuwait Launches WAMD Instant Payment System, Onboarding 30% of Banked Population Within Three Months

Kuwait has launched WAMD, the country's first real-time instant payment system, onboarding approximately 30% of the banked population within three months of...