Riyadh, Saudi Arabia – The National Bank of Pakistan (NBP), in collaboration with Tahweel Al Rajhi organized the distribution of thousands of Iftar boxes to Pakistani expatriates in Riyadh during the holy month of Ramadan. This initiative was part of NBP’s commitment to supporting the Pakistani community in Saudi Arabia, ensuring that those observing Ramadan could break their […]
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, […]
Kuwait: Kuwait International Bank (KIB) has announced the launch of its latest digital service, “Fast Transfer”, available exclusively on the KIB mobile banking application. This new international remittance service is launched in collaboration with Visa, a world leader in digital payments, to enable the Bank’s retail customers to transfer funds internationally to predefined beneficiaries’ bank accounts […]
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 […]
Riyadh, February 21, 2025 – Saudi Arabia has introduced an official symbol for the Saudi riyal, following approval from King Salman bin Abdulaziz, the Saudi Press Agency (SPA) reported. The Saudi Central Bank (SAMA) announced that the unveiling marks a historic milestone in reinforcing the national currency’s identity. According to SPA, the newly revealed Saudi […]
Manama, Bahrain – BENEFIT, Bahrain’s innovator and leading company in Fintech and electronic financial transactions service, has signed a Memorandum of Understanding with haifin, an e& enterprise company (part of e&) from the UAE. This partnership is set to revolutionize Bahrain’s banking sector by fostering innovation, and enhancing financial resilience across the industry. With a proven […]
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 […]
Manama, Kingdom of Bahrain – BENEFIT, the Kingdom’s innovator and leading company in Fintech and electronic financial transactions service, announced that it reached a total volume of 421 million for all electronic fund transfer transactions (Fawri, Fawri+, and Fawateer) through BenefitPay in the year 2024. This signifies a significant 22% increase in transaction volume compared to the […]