Altery MENA Limited, a subsidiary of the UK-based fintech Altery Limited, has obtained a regulatory license from the Dubai Financial Services Authority (DFSA). This development was announced in a press release, highlighting Altery’s commitment to expanding its financial services in the MENA region. The acquisition of this license aligns with Altery’s global strategy to establish...
Tawasul Transport, in partnership with Al Maryah Community Bank (Mbank), has introduced the first digital payment system for taxis in Abu Dhabi, utilizing AE Coin, a stablecoin linked to the UAE dirham. This initiative represents a global first, as it deploys a government-regulated stable digital currency specifically for public transport fares. The launch was executed...
The Saudi Central Bank (SAMA) has announced new credit card regulations aimed at reducing costs for customers while increasing transparency in the credit card sector. These updated rules will come into effect within 30 to 90 days and focus on improving the issuance and operation of credit cards. Under the new framework, credit card issuers...
Dubai Finance (DOF) and the Dubai International Financial Centre (DIFC) have officially signed a Memorandum of Understanding (MoU) aimed at enhancing the implementation of Dubai’s Cashless Strategy. This partnership is expected to support the growth of digital payment solutions within the emirate, aligning with the government’s vision for a more digitally enabled economy. Credit: Travel...
The United Arab Emirates (UAE) aims to transition into a nearly cashless economy; however, the reliance on traditional rent payment methods is hindering this effort. Rent, which is one of the largest personal expenses in the country, remains predominantly tied to paper transactions and cheques. Recent research from Visa indicates that the percentage of rent...
India and the United Arab Emirates (UAE) have embarked on a groundbreaking digital payments initiative through the expansion of the Unified Payments Interface (UPI), aiming to redefine cross-border transactions. This partnership is designed to provide super-fast, highly secure, and seamless payment options, significantly improving financial interconnectivity for millions of expatriates and facilitating global transactions. The...
IDCentriq, a leader in biometric authentication technologies, has confirmed its role as an official sponsor at Seamless Middle East 2025. This significant event will take place from May 20 to 22 at the Dubai World Trade Centre. During the event, IDCentriq will unveil its innovative ePalm Palm-Vein Identification Technology, designed specifically for secure and contactless...
Dubai has announced its ambitious plan to transition into a cashless city, where all payments across both government and private sectors will be made digitally. This significant initiative was revealed during a meeting of The Executive Council of Dubai, chaired by Sheikh Hamdan bin Mohammed bin Rashid Al Maktoum, on Tuesday, October 1. A key...
Sheikh Ahmed bin Saeed Al Maktoum, the Chairman and Chief Executive of Emirates Airline and Group, met with Suzan Kereere, the President of Global Markets at PayPal, to explore collaboration in the evolving digital payments sector. Their discussions focused on further developing the 15-year partnership between Emirates and PayPal. Credit: ARN News Currently, Emirates offers...
H.H. Sheikh Ahmed bin Saeed Al Maktoum, Chairman and Chief Executive of Emirates Airline and Group, recently met with Suzan Kereere, President of Global Markets at PayPal. The meeting, held at the Emirates Group headquarters, focused on enhancing their 15-year partnership and exploring new opportunities in the evolving digital payments landscape. Currently, Emirates offers PayPal...