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PayMint , a leading financial technology company, has announced that it has obtained final approval from the CentralBank of Egypt to launch its first Meeza prepaid cards in partnership with Abu Dhabi Islamic Bank Egypt (ADIB-Egypt).
HyperPay , a paymentgateway operating in the Middle East and Northern Africa (MENA), has secured a digital payment licence from the Saudi CentralBank (SAMA). With its newly obtained licence, HyperPay can now operate digital payment services via an electronic wallet in the Kingdom of Saudi Arabia.
Telr , an award-winning leader in digital payments across MENA, has secured a Retail Payment Services License (RPS) by the CentralBank of the UAE, marking a transformative milestone in its mission to drive financial innovation and seamless digital transactions.
Paysafe (NYSE: PSFE), a global payments platform, today announced that it has received approval from the CentralBank of Brazil (BCB) for a payment institution (PI) license for the countrys launch of its regulated online sports-betting and gambling market.
Egyptian fintech PayMint has received final approval from the CentralBank of Egypt to launch its first ‘Meeza’ prepaid cards in partnership with Abu Dhabi Islamic Bank (ADIB). PayMint plans for the new Meeza prepaid cards to enable its customers to carry out purchases, cash withdrawals, and online shopping in Egypt.
This article will show all you need to know about online credit card processing and how you can select the best payment services provider for your needs. Some paymentgateways use tokenization to secure sensitive customer details.
ZaloPay offers similar digital payment services but has the advantage of being integrated with Vietnams leading messaging app Zalo, which boasts 77.6 ShopeePay and VNPay are other prominent digital payment platforms. million monthly active users, giving it a massive scale and reach.
Global payments platform, Paysafe will now be able to expand its payment partnerships in Latin America (LatAm) to iGaming operators following approval from the CentralBank of Brazil (BCB) for a payment institution licence.
Fintech-as-a-service provider Soft Space and JCB International Co, the international operations subsidiary of JCB Co Ltd, have jointly introduced Malaysia’s inaugural JCB paymentgateway. The post Soft Space and JCB Launch First PaymentGateway in Malaysia appeared first on The Fintech Times.
White-label paymentgateway provider Akurateco has announced that TESS Payments , its Qatari partner, received a PSP licence from the Qatar CentralBank.
.” Founded in 2017, Wannme facilitates e-commerce by automating and optimizing payment flows to help solve payments and liquidity issues for online merchants. Middle East and Northern Africa The Islamic Development Bank Institute, headquartered in Saudi Arabia, announced its first AI hackathon. billion in Argentina.
JCB), announced the launch of the first ever JCB paymentgateway in Malaysia. Leveraging JCB’s robust global network and Soft Space’s technical expertise, the JCB paymentgateway aligns with the global shift towards diversified digital transactions, meeting the market’s demand for secure, innovative payment options.
In this article, well learn how to accept payment in crypto while reducing the risks associated with price fluctuations. Transparent Pricing Since crypto value keeps fluctuating, you should accept crypto payments with real-time conversion rates. Here are some of the best practices to optimize : 1.
Ant International , a leading global digital payment, digitisation and financial technology provider, has opened a new office location in the central business district of Al-Olaya, Riyadh, Kingdom of Saudi Arabia (KSA), following its successful technical certification as a Payment Technical Service Provider (PTSP) from Saudi CentralBank (SAMA).
Navro – the pioneering fintech firm formerly known as Paytrix that simplifies global payments for international businesses – today confirms that it has been authorised by the CentralBank of Ireland as an Electronic Money Institution (EMI).
Joaquim Kiyoshi Kavakama , CEO of Brazil’s Interbank Payment Chamber (known as “CIP”), told PYMNTS' Karen Webster that the two systems will work together as Brazil’s payments-ecosystem continues to evolve. Kavakama points to the fact that the country’s centralbank has mandated that first-tier banks connect to PIX.
Your payment processing company will also charge processing fees on each transaction which can negatively impact your earnings unless the expense is passed onto customers. In a similar vein, you will need to embed or integrate a paymentgateway with your website, online app, or SaaS platform to process online credit card payments.
Middle East and Northern Africa MENA-based online paymentgateway Telr announced a strategic partnership with Middle Eastern commerce automation platform Apaya. HyperPay received a digital payment services license from the Saudi CentralBank (SAMA).
Not all doom and gloom: fintech is on the horizon Despite the outbreak of the pandemic, in 2020 the CentralBank of Sri Lanka (CBSL) launched its regulatory sandbox in an effort to boost its fintech sector and innovation. It was also exploring the idea of public input on the prospect and thoughts on open banking.
Upperlink , a payment solution service provider licenced of the centralbank of Nigeria, has secured the Payment Card Industry Data Security Standard (PCIDSS) certificate ahead of its paymentgateway deployment.
Digital Currency and Payments The emergence of digital currencies and associated payment systems has heralded a paradigm shift in the financial landscape, marked by a diverse array of players, technologies, and applications. Specialized paymentgateways have been built to enable digital currency payments.
The event will feature innovative solutions from leading companies like Yoco, Altron FinTech and Facephi, along with discussions led by key figures such as Sidi-Mohamed Dhaker from the CentralBank of Mauritania and Alfred Musarurwa from Stanbic Bank Zimbabwe.
Supporting Players in the Payment Ecosystem PaymentGateways: Paymentgateways serve as the secure link between merchants’ systems and payment processors, they encrypt and transmit sensitive data. The global paymentgateway market is projected to reach $49.7
As part of the partnership agreement, VocaLink will provide its Immediate Payments System solution and connectivity software to clearing houses and centralbanks globally; ACI will deliver its UP Immediate Payments solution, with VocaLink’s Immediate PaymentsGateway pre-integrated to enable individual organizations, such as financial institutions (..)
Expected to be utilized for over 10% of all eCommerce transactions in 2024, these services empower consumers by allowing them to split purchases into manageable installments, offering financial flexibility and eliminating the burden of large upfront payments.
Enabling smooth payment experiences for all customers can be a tall order for merchants, especially small- to medium-sized businesses ( SMBs ) that lack the resources of their larger counterparts. One study revealed that adding even one paymentgateway could boost merchants’ transaction success rates and enhance customers’ experiences.
Thawani made history in 2020 by becoming the first non-banking financial entity to receive a fintech licence from the CBO, marking a significant milestone in Omans fintech journey.
Seamlessly integrating into PayTabs’ orchestration platform unlocks access to advanced infrastructure – a comprehensive suite featuring a versatile paymentgateway, premium merchant management, efficient EFT switch, middleware, and a unified API Gateway for seamless transactions.
Paymentgateway provider in the MENA region HyperPay has announced that it secured a licence from the Saudi CentralBank (SAMA) to advance the development and optimisation of the financial sector in the region.
Non-bank lenders in Singapore will soon be granted access to the country’s digital payments platforms PayNow and FAST, according to a statement from the Monetary Authority of Singapore (MAS), the country’s centralbank, on Monday (Nov. PayNow and FAST enable people to move funds between banks and digital wallets.
Organised by We TraiCon Events, Bahrain’s premier fintech event on 14 to 15 February 2024 in Manama will see fintech founders, centralbank officials, FSI experts, regulators, policymakers, technologists, entrepreneurs, investors, academics, and media from around the world come together to learn, discuss, debate and network.
These intermediaries include paymentgateways, independent sales organisations (ISOs), software companies, shopping cart platforms, and payment orchestration platforms. These entities now often serve as the first point of contact and integration for merchants, rather than just the banks acting as acquirers.
In Saudi Arabia, the implementation of the Sarie system by the Saudi CentralBank in collaboration with Mastercard and IBM in 2021, is a trailblazing leap toward modernising the payment infrastructure.
Mastercard announced a strategic collaboration with Nigerian payment solutions provider Nomba. Peach Payments acquired West African paymentsgateway PayDunya. Central and Eastern Europe The Church of Greece announced plans to apply for a banking license en route to opening a digital bank later this year.
The deal was given the green light by the country’s centralbank in July, and will cover the processing of debit card operations. The national paymentgateway system was launched in December of 2017 to ensure that every debit card transaction in the country was handled using Indonesian technology.
SWIFT said its connectivity to TIPS is a step to the future, and a pivotal building block for access to the future Eurosystem Single Market Infrastructure Gateway. SWIFT said the implementation of SWIFTNet will ensure customers will be using a future-proof solution while they migrate to the Eurosystem Single Market Infrastructure Gateway.
Currently, domestic card transactions are routed through international paymentgateways. “The establishment of National Payment Switch (NPS) infrastructure and rollout of NEPALPAY card is expected to become a significant stride in Nepal to reform and consolidate the entire payment ecosystem. billion people.
UAE-based online paymentgateway Telr has been granted in-principle approval for the Retail Payment Services & Card Schemes License from the CentralBank of UAE (CBUAE).
In May 2024, Aspire launched in Hong Kong, offering a suite of financial solutions to SMEs, including the ability to open local business accounts for payables and receivables management, international payments, as well as paymentgateway solution. The group reported a gross transaction value (GTV) of IDR 116.5 trillion (US$7.2
To be eligible, banks will simply need to be regulated in the SEPA zone to become indirect participants. And by accessing Banking Circle’s Agency Banking solution, banks may become SEPA Instant reachable on their existing core banking systems and paymentgateways adding to their customer propositions more widely.
The fund, which will be managed by EFG Holding, has secured approval from the CentralBank of Egypt (CBE) as well as the backing of financial institutions such as the Suez Canal Bank. The focus on fintech is designed to take advantage of the spread of digital banking and payments in the region. million (EGP 1.5
Some features include a comprehensive suite featuring a versatile paymentgateway, premium merchant management, efficient EFT switch, middleware, and a unified API Gateway for seamless transactions.
The company plans to keep growing in the Philippines, a country where the centralbank is pushing cashless payments and wants to see them increase to 20 percent. CEO Plaza plans on making PayMongo the largest payment service provider in the country, before he focuses on expansion into other countries. .
Sub-Saharan Africa Nigerian paymentgateway SeerBit forged a strategic partnership with digital bank Kuda. Kenya’s CentralBank announced plans to begin tracking large cash deposits and transfers. Digital identity verification provider ADVANCE.AI Vayana, a trade finance platform based in India, raised $20.5
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