Manama, Bahrain – Visa, a global leader in digital payments, introduces Visa+ service in Bahrain, allowing users to send money to Visa cardholders within GCC using only recipient’s mobile number. The innovative service is available to customers of Bahrain Islamic Bank (BisB) and Khaleeji Bank at the initial phase. Bahrain is one of the first global […]
DigiTrends, a leading player in digital transformation, has obtained its official company registration in KSA and is joining the ranks of pioneering companies in the Kingdom. This milestone was marked in the esteemed presence of Pakistani Ambassador Mr. Ahmad Farooq, First Secretary Mr. Shafiq Ahmed, and key members of the DigiTrends leadership team—CEO Samad Saleem, Regional […]
Bahrain – The Central Bank of Bahrain (CBB) has granted a payment service provider (PSP) licence to BPay Global allowing it to operate in the kingdom. BPay Global is a payment services company in the Binance Group. The PSP licence will allow the company to provide fiat services to Binance customers globally, including fiat top […]
BENEFIT, the Kingdom’s innovator and leading company in Fintech and electronic financial transactions service, held its Annual General Meeting (AGM) at the company’s headquarters in the Seef District. During the meeting, shareholders approved all items listed on the agenda, including the ratification of the minutes of the previous AGM held on 26 March 2024. The […]
Riyadh, Saudi Arabia – barq, the fastest-growing digital wallet in Saudi Arabia, has announced a strategic partnership with Western Union, the global leader in international money transfers. This collaboration aims to redefine money transfer services in the Kingdom, enabling millions of users to send and receive money through the Barq app with enhanced ease and […]
Riyadh: PayTabs Group, MENA’s award-winning payment orchestration powerhouse today announced the successful acquisition of majority stake in PayTabs Egypt, solidifying its commitment to driving digital transformation and financial inclusion across Egypt. This strategic move marks a pivotal milestone for PayTabs as it continues to enhance its market leadership in the Egyptian digital payments landscape. With the […]
Manama, Kingdom of Bahrain – The Central Bank of Bahrain (“CBB”) has introduced new requirements for licensed financial institutions relating to the appointment of board members and senior management. The new rules are issued under one common Module of the CBB Rulebook, replacing the “fit and proper” requirements which were previously included in the “Licensing Requirements”, […]
Riyadh: The Saudi Central Bank (SAMA) licensed “Tamara Finance” company to provide consumer finance and buy-now-pay-later services. The addition brings the number of finance companies licensed and permitted by SAMA to 65 companies. In a press release issued today, SAMA’s focus reflects its keenness to support the finance sector, increase the efficiency of financial transactions, […]
RIYADH, Saudi Arabia–(BUSINESS WIRE/AETOSWire)– Western Union and urpay today announced the launch of international money transfer services in the urpay wallet, enabling customers to seamlessly send money to friends and family globally. The move aims to contribute towards Saudi Arabia’s ongoing efforts to build an inclusive digital economy as part of its Vision 2030. urpay, launched in 2021, is […]
barq Holding, the parent company of barq Financial, has officially launched its barq Digital Wallet in Pakistan as part of its international expansion strategy. The move aims to enhance digital payment solutions and promote financial inclusion in the region. The launch follows the remarkable success of the barq Financial app in Saudi Arabia, where it […]