Browsing: digital payments

Arab Financial Services (AFS), a provider of digital payment solutions and a fintech enabler throughout the MENA region, has revealed its expansion into the United Arab Emirates.

As the United Arab Emirates continues to solidify its position as a global center for trade, finance, and investment, the introduction of Jaywan, its first domestic payment card scheme, marks a major shift in the country’s financial landscape. Developed by Al Etihad Payments under the Central Bank of the UAE, Jaywan is designed to enhance transaction efficiency, reduce dependency on international payment networks, and strengthen the country’s economic resilience.

UAE’s Mashreq Bank announced on Monday that it had successfully completed the sale of a majority stake in Neopay, a digital payments provider. The minority stake has been acquired by a consortium consisting of DgPays and Arcapita Group Holdings Limited.

Magnati, a prominent payments provider, has entered into an agreement with Arabian Automobiles Company (AAC) to offer AAC customers improved payment solutions via Aani, the instant payment platform developed by Al Etihad Payments (AEP).

Apple has introduced ‘Tap to Pay’ on iPhone in the UAE, allowing merchants to securely process contactless payments directly through their iPhones. This feature eliminates the need for traditional point-of-sale (POS) hardware, offering a streamlined solution suitable for businesses of all sizes.

Indian Prime Minister Narendra Modi has called upon BRICS nations to integrate India’s Unified Payments…

In a significant move to enhance its status as a leader in the digital economy,…

Dubai has announced its ambition for 90 per cent of transactions in the city to be digital as it rolls out a cashless society strategy.

Ziina, initially recognized for its consumer application, has now introduced features aimed at businesses, providing…

Arcapita Group Holdings and Dgpays have formed a consortium to acquire a majority stake in Neopay, a fast-growing payment solutions provider in the UAE. Neopay was originally launched as a strategic division of Mashreq but has quickly become a major player in the digital payments sector.