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PayPal, a global digital payments and commerce platform, has a strategic partnership with TerraPay, a leading global money movement company. This collaboration aims to enable real-time fund transfers for PayPal customers across the Middle East and Africa. The initiative is designed to drive economic growth by facilitating faster, user-friendly, and more accessible cross-border transactions by...
Emirates NBD has made headlines by becoming the first bank in the UAE to introduce Visa+, a service designed to simplify international money transfers. In collaboration with Visa, a prominent player in digital payments, the bank aims to provide its customers with a faster, secure, and more efficient method to send money to Visa cardholders...
Dubai’s Roads and Transport Authority (RTA) has integrated Tabby, an instalment payment platform, across all its digital channels, allowing customers to pay traffic fees, fines, and other services in up to four instalments. This initiative is now available on the RTA website, the RTA app, and the nol Pay app. Previously, RTA had partnered with...
A recent survey conducted by Visa reveals that nearly 50% of consumers in the UAE who use digital payments have fallen victim to online scams. The survey indicates that 15% of the respondents have experienced being scammed on multiple occasions. Despite the rise in sophisticated scams, a significant number of UAE consumers are willing to...
Dubai’s Roads and Transport Authority (RTA) has reached a significant milestone in upgrading its nol payment system, completing 40% of the project. This upgrade will shift the current card-based system to advanced account-based ticketing (ABT) technology, making public transport payments more seamless and modern. The Dh550 million project is divided into three phases and is...
HyperPay, a digital payment solutions provider in the UAE, has launched a new payment solution called ‘HyperTap’. This innovative ‘Tap on Phone’ technology allows smartphones to function as contactless point-of-sale (POS) terminals without the need for additional hardware. The company asserts that HyperTap enhances transaction experiences for both customers and merchants by providing a seamless,...
The UAE’s Al Etihad Payments has announced a new partnership with Visa to launch co-badged ‘Jaywan – Visa’ debit and prepaid cards. This development allows UAE residents to make payments both locally and internationally. With the new cards featuring both the Jaywan and Visa logos, customers will have the ability to shop at over 150...
PayTabs Group, a leading payment infrastructure provider in the MENA region, has been honored as a Future 100 Company during a prestigious event at the St. Regis Saadiyat in Abu Dhabi. The accolade was presented by the UAE Ministry of Economy, in collaboration with the Minister of State for Government Development and the Future, recognizing...
Omnispay, a fintech company based in the UAE, has successfully raised $1.5 million in a seed funding round led by Mercatus Capital Pte. Ltd., a Singapore-based venture capital firm. This funding round attracted participation from various regional and international investors and aims to empower small and medium-sized enterprises (SMEs) with an all-in-one platform for collecting,...
e& enterprise, the digital transformation arm of e&, has announced a strategic partnership with PayPal, a globally recognized payment solutions provider. This three-year collaboration aims to enhance the payment capabilities available through the e& enterprise digital payments platform, enabling businesses in the UAE and beyond to offer a wider range of payment options. The integration...