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...
Checkout.com, a prominent global digital payments company, has announced the launch of Visa Direct’s Push-to-Card solution, becoming the first acquirer in the UAE to do so. This new service facilitates both cross-border and domestic transactions, enabling merchants and consumers to conduct real-time money transfers efficiently The Visa Direct platform connects over 190 markets and offers...
The payment landscape in the UAE is rapidly evolving, as the instant payment system Aani gains popularity among residents. This innovative platform eliminates the need for cash or lengthy bank transfers, enabling users to send and receive money with ease. Aani facilitates transactions in seconds, whether it’s for splitting a bill with friends, sending money...
Dubai residents, citizens, and visitors now have the option to pay government fees and fines in easy installments. This new feature comes with the integration of Tabby, a buy-now-pay-later service, into the DubaiPay platform, announced by Digital Dubai and the Department of Finance. The move aligns with Dubai’s Cashless Strategy, aiming to boost digital transformation...
Experts in the UAE foresee a significant rise in the use of cryptocurrency for everyday transactions, including buying coffee and paying for petrol. According to Khaleej Times, Mohammed Al Hakim, president of Crypto.com, stated that within the next two years, many business owners, restaurant operators, and high-net-worth individuals are likely to favor cryptocurrency as a...
Mashreq Bank has completed the sale of a majority stake in its digital payments platform, Neopay, for $385 million. A consortium formed by Turkey-based DgPays and Bahrain’s Arcapita Group Holdings Limited led the acquisition. While the majority stake is now owned by the consortium, Mashreq still holds a significant minority share. The bank emphasized its...