A leading payments industry news source for more than 17 years. Glenbrook curates the news and keeps you abreast of the important daily headlines in payments.

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June 18, 2024

On the web

June 12, 2024

On the web

XTransfer and Banking Circle Announce Strategic Partnership

Banking Circle

"XTransfer, the leading B2B cross-border payment platform from China, and Banking Circle have entered into a strategic partnership. This collaboration aims to reduce the cost and processing time of cross-border payments for XTransfer’s clients, particularly benefiting Chinese suppliers with significant markets in Europe and the Middle East."

May 7, 2024

On the wires

May 6, 2024

On the web

April 1, 2024

On the wires

October 17, 2023

On the web

October 5, 2023

On the web

September 26, 2023

On the web

Bank ABC Introduces JPM Coin Payments in Bahrain

Zawya

"Bank ABC has become the first Middle East bank to introduce faster cross-border payments to specific corridors for corporates and financial institutions using JP Morgan’s Coin Systems. Coin Systems is a blockchain-based permissioned system that serves as a payment rail and deposit account ledger and sits within Onyx by JP Morgan."

May 11, 2023

On the web

Bango, TPAY, and Etisalat Egypt Launch Direct Carrier Billing with Google To Enable IN-APP Purchases and Subscriptions for over 30 million Subscribers

GlobeNewswire News Room

"TPAY, the leading payment provider for the Middle East, Turkey, and Africa (META), today announces, through its partnership with Bango and Etisalat Egypt, the launch of Direct Carrier Billing (DCB) with Google for over 30 million subscribers. The collaboration will create an easier experience for Android users to purchase apps, games, and digital content on their devices on Google Play."

May 28, 2021

On the web

Buy Now, Pay Later Players Tackle Credit Conundrum in Mideast’s Gulf

Reuters

“Financial technology start-ups in Saudi Arabia and the United Arab Emirates offering online short-term credit say they are enjoying exponential growth as the coronavirus pandemic drives a shift in consumer spending online. Digital buy now, pay later (BNPL) purchasing is relatively new to the region where consumers have traditionally been sceptical of paying for goods before getting them. But Saudi Arabian-based Tamara and UAE’s Spotii, Tabby and Postpay all say the take-up has far exceeded initial expectations.”

May 24, 2021

On the wires

Mastercard Welcomes NEC Payments As a Global Partner of Fintech Express | Middle East/Africa Hub

“Mastercard has announced that the Bahrain-based NEC Payments is now a global partner of Mastercard Fintech Express, which connects tech-savvy startups with traditional players such as banks. The program supports digital payment innovators by making it simple to collaborate with the tech company and its partners to launch new products, add payment solutions and innovate through collaboration. The partnership will enable other fintech players to start their Mastercard issuing business at speed, unlocking more opportunities for the entire ecosystem. NEC Payments is the first Fintech Express partner globally, bringing new scale to the possibilities and potential for start-ups.”

May 19, 2021

On the wires

Arab Financial Services and Discover Sign Network Alliance Agreement

“Arab Financial Services (AFS), the leading digital payment solutions provider and fintech enabler in the Middle East and Africa, and Discover, a digital banking and payments services company, have signed a strategic network alliance agreement that will increase the global acceptance footprint for both organizations. The agreement will initially give Discover, Diners Club International and network alliance cardholders the ability to use their card on AFS Android-based point-of-sale (POS) terminals across the Kingdom of Bahrain. All AFS POS terminals are enabled for contactless debit and credit card payments.”

April 6, 2021

On the web

December 15, 2020

On the wires

August 11, 2020

On the wires

Mastercard Enables Small Businesses to Tap into the Booming Digital Economy

“Mastercard has launched a new low-cost payments solution that enables small business owners to move their businesses online and accept a range of digital payments from their customers. The “SME-in-a-Box” solution is powered by Mastercard’s payment technology and that of its fintech partners, including payments and agency banking solutions company SmartPesa, a Mastercard StartPath partner. The solution will aid small and micro merchants across the region in expanding their customer base via digital platforms and enable sustainable revenue growth.”

July 1, 2020

On the wires

Careem Partners With Visa to Accelerate Digital Payments Across the Region

“We’re always looking for ways to simplify and improve the lives of more people across the region. And today is a big one…We’ve partnered with Visa, the world’s leader in digital payments, to expand access to digital payments in the Middle East. By integrating Visa credentials into the Careem Pay Wallet , we’re able to help our Careem Captains overcome all the difficulties that come with cash. Our Captains will be able to access their earnings from daily trips in real-time as opposed to any time lags. They will also be able to use low-cost remittance solutions to send money back to their families.”

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