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195 stories
Online payment platform TerraPay formed a transformative global partnership with Maya, fintech company at the Singapore Fintech Festival, on Wednesday. The company said it is establishing this partnership with Maya with the bloating demand of efficient cross-border payment solutions. TerraPay also said, this collaboration has the objective to make international remittances more accessible, convenient, and […]
Fintech firm Beyon Money launched an online payment acceptance solution called Beyon Money Checkout on Wednesday, through a collaboration with peer company Ottu for corporate industry and business in Bahrain. The newly collaborated firms with help of Ottu aims to expand Beyon Money’s services by involving merchants in Bahrain to integrate Beyond Money Checkout for […]
Indian insurance company, SBI Life Insurance, on Friday, said it has signed a bancassurance agreement with, Sikkim-based bank, State Bank of Sikkim (SBS), this deal demonstrates SBI Life’s commitment to provide insurance solution available to the residence of Sikkim. The aim of this partnership is to expand its services across the state with SBS and […]
The Abu Dhabi Securities Exchange (ADX) has confirmed its partnership with UAE-based Sharjah Islamic Bank (SIB) to facilitate efficient access to initial public offering (IPO) subscriptions for investors, on Thursday. This newly formed partnership focuses on working together to simplify the process of obtaining a National Investor Number (NIN), an identification number issued by ADX […]
The Governor, Reserve Bank of India (RBI) launches a centralized web portal UDGAM (Unclaimed Deposits – Gateway to Access inforMation).This portal has been developed by RBI for use by members of the public to facilitate and make it easier for them to search their unclaimed deposits across multiple banks at one place. The Reserve Bank […]
Abu Dhabi Islamic Bank (ADIB), a leading Islamic financial institution, has reported a remarkable surge and continued success in its digital banking, driven by the growing preference for digital services among customers. The bank witnessed a significant 142 per cent increase in new-to-bank customers opening accounts using ADIB’s Electronic Fingerprints Recognition (EFR) technology. Recent data […]
Emirates Development Bank, the key financial engine of UAE’s economic development and industrial advancement, has inked a Memorandum of Understanding (MoU) to create supply chain finance and working capital solutions for SMEs in collaboration with Trade Capital Partners (TCP). In alignment with government priorities, EDB continues to deliver on its mission of fostering a healthy, […]
Aligning with Qatar’s financial sector and fintech strategy, the Qatar Central Bank (QCB) aims to regulate and develop the financial sector in the country. The apex bank has issued instructions to the insurance policy comparison sites with the aim of licensing and regulating their operations in the country. The bank has further announced that companies […]
The Central Bank of the UAE (CBUAE) has revoked the license of Dirham Exchange, an exchange house operating in the UAE, and struck off its name from the register. It has also canceled the registration of RMB Commercial Brokers Co, a hawaladar operating in the country. The administrative sanctions were imposed on both the companies, […]
UAE-based Al Ansari Financial Services on Monday said that, it has sent a formal proposal to acquire majority stake in one of Oman’s prominent exchange companies. But, it has not disclosed the name of the Omani company or the terms of the potential deal. The company said, it received an initial approval subject to meeting […]
India’s central bank Reserve Bank of India (RBI) have updated their master directions on prepaid payment instruments, where travellers from G20 countries, including those from Gulf regions as well as the non-resident Indians (NRIs) can access the recently launched unified payments interface (UPI). Dr Bhagwat Karad, Minister of State for Finance said, most countries outside […]
Nomura Holdings Inc., financial firm based in Japan plans to hire over 40 private bankers in Asia and the Middle East in the next two years. The company is looking at tapping into an expanding pool of rich families and entrepreneurs in the region, based on the report by Reuters News on Thursday. The company […]
