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PayMint Fintech Receives Approval From the Central Bank of Egypt to Launch Its First Meeza Prepaid Cards

Fintech Finance

PayMint , a leading financial technology company, has announced that it has obtained final approval from the Central Bank of Egypt to launch its first Meeza prepaid cards in partnership with Abu Dhabi Islamic Bank Egypt (ADIB-Egypt).

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Central Bank of Egypt Approves Meeza Prepaid Cards From PayMint to Advance Financial Inclusion

The Fintech Times

Egyptian fintech PayMint has received final approval from the Central Bank 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.

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TESS Payments Obtains QCB PSP License With Strategic Assistance From Akurateco

Fintech Finance

Akurateco, a global payment software provider, announces that its Qatari partner, TESS Payments , has successfully secured a PSP License from Qatar Central Bank. This certification is a testament to the secure nature of Akurateco’s solutions, designed to meet industry standards.

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The Ultimate Guide to Online Payment Processing

Stax

Encryption and transfer of payment information The payment gateway that underpins your checkout page will now encrypt the customers payment details as stipulated by industry data security regulations like PCI DSS (Payment Card Industry Data Security Standard) before transferring the data to your payment processor.

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Tokenisation 2.0: Are we ready for the next generation of payment security?

The Payments Association

Moreover, network tokenisation reduces the regulatory burden by eliminating the need to store sensitive card data, supporting the Payment Card Industry Data Security Standard (PCI DSS) compliance and lowering the risk of data breaches.

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How Digital Identity is Powering Southeast Asia’s Financial Revolution

Fintech News

Demonstrating its commitment towards the area of financial security, Malaysia’s Bank Negara announced in April revised requirements and guidance for the implementation of eKYC solutions for the onboarding of individuals to the financial sector. Notably, digital IDs are used by banks for eKYC and authorising transactions.

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The Top Payment Methods For Small Businesses

Stax

The payment method is outside the control of a centralized authority like the central banks that issue and guarantee traditional legal tender (money). Digital currencies are instead based on a decentralized system and no single entity controls their supply.