Global payment technology leader, Mastercard, has announced the expansion of its Product Express platform to include FinTechs in Africa, the Middle East, Europe, North America, and additional markets across Latin America. The move follows a successful regional rollout earlier in Latin America and aims to enable FinTechs to launch card programmes with enhanced speed and…
Rwanda has unveiled an ambitious five-year FinTech strategy (2024-2029) aimed at positioning the country as a regional hub for financial services while advancing financial inclusion. The plan seeks to strengthen Rwanda’s FinTech ecosystem by leveraging technology to drive economic growth and socio-economic transformation. While the global FinTech sector promotes financial inclusion by improving access to…
Nasdaq reported a rise in third-quarter profit, helped by strong demand in its solutions business that houses the exchange operator’s financial technology products. To generate steady revenue growth, the company has been branching out from its market-sensitive core operations of trading and listing to products that help traders and investors navigate the capital markets. Revenue…
Kuwait Finance House (KFH) is set to implement Indian software vendor Gieom’s Digital Blueprint software to centralize and streamline its policy and procedure management. The software will enable the $55 billion-asset Islamic bank to create role-based business process flows in collaboration with employees and stakeholders using Gieom’s in-built BPMN 2.0-compliant drawing tool or Microsoft Visio….
Retail heavyweight, Shein, is launching its first branded credit card worldwide through a partnership with Mexican fintech Stori, the firms said on Tuesday, touting synergies that should help both expand in Latin America’s second-largest economy. The push will simultaneously aim to draw more Mexicans to the credit market, where they lag in access, as well…
Fintech has advanced at an unprecedented pace, reshaping the global financial landscape. Innovations such as digital payments, blockchain, AI, machine learning, and decentralized finance are transforming financial services, making them more efficient, accessible, and user-friendly. However, these advancements present significant regulatory challenges that must be addressed to ensure a stable and secure financial ecosystem. It has…
Qatar Central Bank (QCB) has announced that the payment services through the national e-Commerce Gateway (QPay) is now available through using (FAWRAN) instant payment service. The service allows merchants to register with the service to help them accept payment transactions for the purchases customers make by using this service. Provision of multiple options for customers…
Qatar Financial Centre (QFC), a leading onshore financial and business hub in the region, has been recognized with three notable awards, highlighting its dedication to fostering innovation in financial services and impactful corporate social responsibility (CSR) initiatives. Among the accolades is the esteemed Emerging Technology Initiative Award, presented at the 8th Middle East Enterprise AI…
National Bank of Fujairah (NBF), a full-service corporate bank based in the UAE, has extended its partnership with Intellect Global Transaction Banking (iGTB) to digitize its wholesale business. The $15.1 billion asset bank first signed for the vendor’s open finance platform eMACH.ai in August, a move credited at the time as the first deployment of…
India is one of the largest global consumer markets, with shoppers going more digital every single day. The government’s goal of becoming a $1 trillion digital economy is being fueled by robust public infrastructure and a growing digital-first user base. India currently leads the world in digital payments with more than 40% of payments made…
