China-based cross-border payment services provider, iPayLinks, has announced its entry into the Middle East fintech space.
Mubadala invests in cryptocurrency company
Abu-Dhabi based Mubadala Investment Capital has announced that it is investing in a cryptocurrency company called MidChains. Mubadala has forged …
UAE Ministry of Finance adds e-Dirham payment services for Etisalat customers
The UAE Ministry of Finance (MoF) has recently signed an agreement with Etisalat to provide e-Dirham services on the telco’s official portal.
Mastercard, BENEFIT announce Bahrain’s first-ever blockchain payment programme
Bahrain’s Electronic Network for Financial Transactions and Mastercard have partnered to launch a pilot blockchain programme that will enable banks to deliver fast, secure and private cross-border commercial payments.
Visa’s AI-powered platform prevents $25 billion in annual fraud
Visa has announced that its AI-based Visa Advanced Authorisation (VAA) has helped financial institutions prevent an estimated $25 billion in annual fraud.
Emirates NBD partners with AWS to build AI-enabled bank
Amazon Web Services (AWS), an Amazon.com company, announced today a collaboration with Emirates NBD to create a culture of innovation …
Mastercard, Dubai telco to usher in a new era of secure payments experiences
Mastercard has signed a Memorandum of Understanding with du, from Emirates Integrated Telecommunications Company (EITC), to examine how the company’s pioneering NuDetect solution.
Apple Pay goes live in Saudi Arabia
Visa cardholders in Saudi Arabia can now make easy, quick and secure purchases using their iPhone and Apple Watch in stores that accept contactless payments.
UAE Banks Federation turns to tech to combat cheque fraud
UAE Banks Federation (UBF), in coordination with UBF IT Committee, has hosted a workshop dedicated to UBF member banks to address a new and innovative approach in combatting cheque fraud.
Saudi bank becomes first Middle East firm to offer staff training on AI
Saudi-based bank Alawwal has partnered with leading global tech firm Reaktor to train its entire workforce on the basics of artificial intelligence (AI).