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…
The gargantuan rise of the fintech industry continues to spearhead transformation within the electronic payments sector, with a profusion of mobile wallets and payment systems offering staggered, interest-free settlements hitting the market. The shift towards non-cash payments is accelerating regionwide. By 2027, most payments in Saudi Arabia are expected to be electronic, with real-time payments…
