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Paymob Secures UAE Central Bank License, Cementing Its Role as a Regional Fintech Leader

Fintech Finance

Paymob , the leading financial services enabler in MENA-P, announces it has been granted the Retail Payment Services License by the Central Bank of the UAE (CBUAE) after successfully meeting all regulatory conditions and requirements through a rigorous approval process.

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Nuvei Secures Retail Services Category II License From the Central Bank of the UAE

Fintech Finance

The Retail Services Category II License enables Nuvei to offer its comprehensive suite of payments technology to businesses operating in the thriving UAE market, including direct local acquiring, payment aggregation services, and domestic and cross-border fund transfers.

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2024 Payment Methods Report: Overview, Insights, and Statistics

Clearly Payments

America Biometric Payments 2 Global, especially mobile-first markets Cash Payments 5 Emerging Markets, some developed regions Central Bank Digital Currencies (CBDCs) 1 Asia, Caribbean Credit Cards Overview : Credit cards allow consumers to make purchases on credit, paying later and often with interest.

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In Hungary, Instant Payments Gain Traction

PYMNTS

GIRO said the new system will allow bank transfers to be done across mobile phone numbers, which should provide alternatives to 24-digit bank account numbers. Separately, UCPB , a lender based in the Philippines, has introduced a money transfer service between banks, allowing for instant fund transfers.

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myZoi Backs Underbanked With Digital Wallet Launch to ‘Reconnect Banking With Society’s Needs’

The Fintech Times

The fintech aims to make people’s daily transactional activities more safe, convenient, and cost-effective through a simple onboarding journey, domestic payment capabilities and instant fund transfers to their home countries.

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National Bank of Kuwait Rolls Out SWIFT gpi; UCPB Launches InstaPay Transfer Service

PYMNTS

The company’s electronic banking services platform, UCPB Connect, is said to facilitate the fund transfer service. In addition, the service is reportedly the first automated clearing house that uses the National Retail Payment System (NRPS) framework set by the country’s central bank.

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Payment Processing 2024 Market Statistics in Canada

Clearly Payments

Payment Methods Accepted by Canadian Businesses In the realm of Canadian businesses, cheques maintain a firm foothold, with a substantial 73.4% of businesses are embracing Electronic Funds Transfers (EFT) as their second most popular choice. However, the digital era is swiftly advancing: 58.9% preferring cash and 54.4%

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