Payments News

On The Web

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Global

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

“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 […]
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Companies

Fintech Start-up Stripe Enters the Middle East With UAE Launch

“One of Silicon Valley’s most valuable private fintech companies has chosen Dubai for its first expansion into the Middle East and North Africa. Online payments company Stripe is expanding into the Middle East, just weeks after its latest funding round, which pushed the company’s value to $95 billion , making it one of the most […]

On The Wires

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Companies

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 […]
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Companies

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 […]
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Global

PAYFORT is now Amazon Payment Services

“Today marks a key milestone in Amazon’s promise to customers and businesses across the Middle East and North Africa (MENA) region. I’m proud to announce that PAYFORT is now Amazon Payment Services – a highly secure online payment service that is easy-to-use and seamlessly integrable.”
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Companies

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. […]
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