#Payments

UAE Payments

UAE payments revenue expected to reach $18.7bn by 2031 – report

The compound annual growth rate of the UAE’s overall payments revenue is forecasted to be at 7.7 per cent from 2021 – 2031, while the region is expected to grow by 9.3 per cent within the same period

smartphones

Here’s how smartphones are shaping the future of payments industry

The future of smartphones is not only based on 5G, imaging and software security management but also on innovation in design, materials, form and function

EFG Amazon.eg

Amazon invests $10m in EFG Hermes, may convert to 4.255% stake in subsidiary valU

ValU has a current post-money valuation $235m

Bitcoin’s dominance of crypto payments is starting to erode

The alternative coins’ use surged partly as more businesses have begun using stablecoins for cross-border payments

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Fenix expands access to electric mobility with the launch of its new payment service

Fenix Pay is an extension of Fenix’s vertically integrated e-mobility and deliveries platform built for the Greater Middle East

Here’s how the future of payments looks like in the Middle East

As the MENA market matures, several nations are shifting towards more sophisticated and customised payment options says Ozgur Ozvardar, vice president and general manager, Verifone Middle East and North Africa

Here’s how businesses can grow through a strategic payments set-up

From being viewed as a necessary evil and cost centre, payments have become a key enabler of an integrated and seamless shopping experience

Slack

Entrust acquires Paris-based card issuance firm Antelop Solutions

With this acquisition, Entrust can help banks and financial institutions worldwide create seamless payment experiences for their customers

Dubai’s Emirates launches new payment solution in partnership with Deutsche Bank

Emirates Pay is an alternative method for travellers to pay for air tickets purchased online by directly debiting their bank account

Interview: Ozgur Ozvardar, vice president and general manager, Verifone Middle East and North Africa

How Covid-19 has accelerated the shift from cash to contactless payments

Why fintech is on the brink of rapid expansion in the GCC

The GCC is catching up with developed markets in terms of financial inclusion

Power Letters 2021: Adeeb Ahamed, managing director, LuLu Financial Group

Amidst the many challenges of 2020, Lulu Financial Group is determined to advance its objective of financial inclusion through technology and collaborative partnerships

Saudi banks sign supply chain financing deal with government

The Finance Ministry has partnered with Saudi British Bank, Samba Financial Group and National Commercial Bank

FinTech firm Ripple chooses Dubai’s DIFC for regional headquarters

Financial institutions across more than 45 countries already use RippleNet

Central Banks want digital currencies that don’t nudge out cash

Digital money will have to co-exist with cash and other forms of tender

GCC payment revenue growth subdued by Covid-19: report

BCG predicts GCC’s payment revenue pool will expand by 1.1 per cent annually

Mastercard taps Microsoft Azure to boost R&D in ecommerce, fintech

Azure to serve as native cloud infrastructure for Mastercard Labs’ R&D efforts