article thumbnail

HyperPay Obtains License From the Saudi Central Bank to Expand Digital Payment Services in the Kingdom

Fintech Finance

The Saudi Central Bank (SAMA) has announced the granting of a license to HyperPay Inc. Saudi Arabia for Information Systems Technology to operate digital payment services via an electronic wallet in the Kingdom.

article thumbnail

Central Bank of Brazil Approves PayRetailers’ Acquisition of Transfeera

Fintech Finance

The Administrative Council for Economic Defense (CADE) and the Central Bank of Brazil (BCB) have officially approved the acquisition of Transfeera , a fintech specialised in payment solutions for businesses, by PayRetailers , a leading payments processor in Latin America and Africa.

article thumbnail

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.

article thumbnail

The Next Step For Pix: PagBrasil Receives Payment Institution Licence From Central Bank of Brazil

The Fintech Times

The Central Bank of Brazil has authorised the digital payments organisation, PagBrasil to operate as a payment institution (PI) in the electronic money issuer category. This achievement marks a significant milestone for PagBrasil as the digital payments solutions market continues to grow.

article thumbnail

Norway Joins TIPS, Adding Norwegian Krone to Eurosystem’s Instant Payment Service

Fintech Finance

The European Central Bank (ECB) and Norges Bank signed an agreement for Norway to join the Eurosystem’s TARGET Instant Payment Settlement (TIPS) service. Norges Bank’s Governor, Ida Wolden Bache, said: “A well-functioning instant payments solution is an important part of an efficient payment system.

article thumbnail

UBS Successfully Pilots Blockchain-based Payment Solution for Cross-Border Transactions

The Fintech Times

Global asset manager and Swiss bank UBS has developed and successfully piloted a blockchain-based payment solution, aiming to increase efficiency and transparency, as well as enable the programmability of money movements for corporate and institutional clients.

article thumbnail

HyperPay Secures Licence From Saudi Central Bank, in Aim to Support Regional Digital Transformation

The Fintech Times

HyperPay , a payment gateway operating in the Middle East and Northern Africa (MENA), has secured a digital payment licence from the Saudi Central Bank (SAMA). With its newly obtained licence, HyperPay can now operate digital payment services via an electronic wallet in the Kingdom of Saudi Arabia.