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Comera Pay Secures Approval to Boost UAE’s Cashless Economy

The Fintech Times

The Stored Value Facilitator (SVF) and Retail Payment System Clearing Service (RPSCS) licences enable the company to facilitate stored value transactions and provide retail payment system clearing services.

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Comera Financial Holding Paves the Way for Innovative Fintech Solutions in the MENA Region

Fintech Finance

Comera Pay, the fintech subsidiary of Comera Financial Holding , headquartered in Abu Dhabi, UAE, today announced that it was granted an In-Principle Approval from the Central Bank of the UAE to operate under the Stored Value Facilitator (SVF) and Retail Payment System Clearing Service (RPSCS) licenses.

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ECB Publishes First Progress Report on Digital Euro Preparation Phase

Fintech Finance

In recent months, the ECB has agreed on the technical features required to guarantee that online digital euro transactions will provide an even higher privacy standards than current digital payment solutions, while still ensuring robust end-user protection against fraud.

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What is a Payment Gateway and How Does It Work?

Stax

TL;DR A payment gateway is a solution that securely reads and transfers a customer’s payment information to a merchant’s bank account—both for online and in-person transactions. Benefits of using a payment gateway include a simplified purchasing experience for customers, increased operational efficiency, and PCI compliance.