NBK supports fully-digital payment solutions at its headquarters By launching an initiative to become a cashless building. National Bank of Kuwait (NBK) continually strives to reinforce its leading position as the most socially responsible financial institution and actively supports all pro-sustainability initiatives and practices. In this context, the bank has announced launching an initiative for […]
All-digital payment services will be under the supervision of the Qatar Central Bank to develop the financial technology sector and enhance financial inclusion. Qatar Central Bank has embarked on digital payments journey as it announced licenses for digital payment services to both Vodafone Qatar and Ooredoo. The bank made this announcement on Twitter. The digital […]
Most consumers (79 per cent) said they would switch stores or online shopping sites and apps based on the payment methods offered, with most consumers indicating a strong preference for digital payments over cash. Unlike the traditional understanding that all consumers care about is price, the 2022 Stay Secure survey, jointly conducted by the Department […]
The partnership will facilitate the acceptance of digital payments through Geidea’s leading digital solutions. Abdullah Alshowaier, Chief Business Officer at Geidea and Sami Almuqbel, VP of Business and NanaExpress at NANA, signed the agreement. Geidea, a fintech company in Saudi Arabia, announced its partnership with Nana Direct – a Saudi-based online grocery shopping platform. This […]
Consumers are also making purchases in increasingly diverse ways, including through voice assistants and social media apps, revealed Mastercard’s New Payments Index 2022. Some 85 per cent of people in the Middle East and North Africa (MENA) have used at least one emerging payment method in the last year, including tappable smartphone mobile wallets, BNPL, […]
Saudi Arabia, Egypt, and UAE are the leading ecommerce markets in the region and thus, offer lucrative opportunities for the online payment gateway providers. According to RationalStat’s analysis, in the Middle East & Africa, online payment gateway is expected to reach $ 21 billion by 2028 from $ 3 billion in 2020, growing at a […]
HYKE, the app-based digital distribution platform that uses AI to power its operations, has announced the integration of digital payments into its platform. This will allow retailers in the UAE to settle payments through the app with no additional costs, regardless of the number of transactions conducted or the transaction value. This will allow retailers […]
Abu Dhabi Islamic Bank (Adib), a financial institution, has signed an exclusive deal with Visa to further grow digital payments in the UAE, offering innovative and customer-centric solutions to Adib cardholders. As part of the partnership agreement, Adib will begin aligning all of its covered card and debit card portfolios to the Visa network, where […]
Mastercard’s new Digital First Programme delivers an innovative and secure experience that makes it easier to pay and enjoy the card’s value in ways that matter personally. Backed by the speed and security of Mastercard’s global network – including the Mastercard Processing platform to enable instant issuance – the Digital First Programme offers consumers the […]
Qatar Islamic Bank (QIB), Qatar’s digital bank, continues its partnership with Visa, the leader in digital payments, with the rollout of another exciting FIFA World Cup Qatar 2022 promotion. It offers customers the chance to win hospitality packages and prize bundles for two to attend the matches. Committing to its digital strategy of offering a […]
