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 […]