Bahrain Institute of Banking and Finance launches e-Learning Platform for Banks in Anti-Money Laundering

Bahrain Institute of Banking and Finance launches e-Learning Platform for Banks in Anti-Money Laundering

Manama, Bahrain – The Bahrain Institute of Banking and Finance (BIBF) has launched a new e-learning platform to help banking professionals in Bahrain stay up to date with regulations on Anti-Money Laundering (AML), Countering the Financing of Terrorism (CFT), and Counter Proliferation Financing (CPF). Developed specifically for Bahrain’s financial sector, the platform highlights the Kingdom’s commitment […]

ZainTECH Secures Commercial License in Saudi Arabia, Cementing Regional Expansion Plans

ZainTECH Secures Commercial License in Saudi Arabia, Cementing Regional Expansion Plans

Attaining ‘national entity’ status empowers ZainTECH to scale its advanced solutions across key sectors of digital IoT, cybersecurity, drones, AI, and cloud services Reinforces company’s commitment to Vision 2030  of driving innovation, strategic partnerships, and investment in local talent and digital infrastructure Riyadh, KSA — ZainTECH, the integrated digital solutions provider of Zain Group, has achieved […]

Bahrain’s Khaleeji Bank launches Visa+ Service across the GCC countries

Bahrain’s Khaleeji Bank launches Visa+ Service across the GCC countries

Manama, Bahrain – Khaleeji Bank, one of the leading Islamic banks in the Kingdom of Bahrain, has announced the launch of Visa+, a new service that enables users to send money to Visa cardholders in the GCC using only the recipient’s mobile number. Khaleeji Bank is among the first banks to offer this service, marking a significant […]

Saudi Arabia’s e-Payments surge to 79% of Retail Transactions in 2024: SAMA

Saudi Arabia’s e-Payments surge to 79% of Retail Transactions in 2024: SAMA

RIYADH – Electronic payments now account for 79 percent of all retail transactions in Saudi Arabia, up from 70 percent in 2023, marking a significant leap in the Kingdom’s transition toward a cashless economy, according to data released by the Saudi Central Bank (SAMA). The milestone reflects the Kingdom’s ongoing commitment to the Financial Sector […]

Visa Launches Visa+ Service in Bahrain to Enable Cross-Border Transfers Using Mobile Numbers

Visa Launches Visa+ Service in Bahrain to Enable Cross-Border Transfers Using Mobile Numbers

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 […]

Exciting times ahead for DigiTrends: The company is now CR certified in KSA and has partnered with Seen Tarbi to shape the future of fintech

Exciting times ahead for DigiTrends: The company is now CR certified in KSA and has partnered with Seen Tarbi to shape the future of fintech

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 […]

Binance-Affiliated fitech BPay Global Licensed by CBB to Offer Payment Services in Bahrain

Binance-Affiliated fitech BPay Global Licensed by CBB to Offer Payment Services in Bahrain

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 […]

Standard Chartered Bahrain announce the sixth cohort of Women in Tech Bahrain Incubation Programme

Standard Chartered Bahrain announce the sixth cohort of Women in Tech Bahrain Incubation Programme

Manama, Bahrain – Standard Chartered Bahrain, in partnership with Bahrain FinTech Bay (BFB), announced the sixth cohort of its “SC Women in Tech” incubation programme in Bahrain, which will officially commence and open for applications on April 22, 2025. This marks the sixth anniversary of supporting female entrepreneurs in Bahrain. The programme was launched in collaboration […]

Oman: IBAN must Mandatory for all Domestic Transactions from July 1, 2025

Oman: IBAN must Mandatory for all Domestic Transactions from July 1, 2025

Muscat: To enhance the efficiency and security of financial transactions, the Central Bank of Oman (CBO) has announced the go-live date for implementing the International Bank Account Number (IBAN) on domestic financial transactions, from July 1, 2025. This expansion will enhance the efficiency of local payment transactions, minimize operational errors, and expedite financial transfers between […]

BENEFIT AGM approves 10% Dividend, reports strong 2024 results, and sets strategic course

BENEFIT AGM approves 10% Dividend, reports strong 2024 results, and sets strategic course

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 […]