Bahrain
Singapore Gulf Bank Secures Funding From Bahrain’s Sovereign Wealth Fund
Bahrain’s sovereign wealth fund Mumtalakat announced an investment in Singapore Gulf Bank (SGB), a new digital bank founded by Whampoa Group. This investment will support SGB’s launch and growth in Bahrain, following the bank’s recent licensing approval from the Central
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Bahrain Fintech Bay Partners with Qatar Financial Center
A Memorandum of Understanding (MOU) has been signed between Bahrain FinTech Bay (BFB) and the Qatar Financial Center Authority (QFCA), ushering in a new era of collaboration in the fintech sector across the region. T This agreement establishes a comprehensive
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Eazypay Partners With Visa Direct
Bahrain based EazyPay, a financial institute specialized in Point-of-Sale (POS) and online payment gateway acquiring services, has joined forces with Visa, to enable Visa Direct for EazyPay’s customer base. This first-of-its-kind collaboration in Bahrain marks the initial deployment of Visa
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Bahrain EDB Establishes Gateway to Asia With First Office in Singapore
The Bahrain Economic and Development Board (EDB) has officially revealed the establishment of its first Southeast Asia office in Singapore. This development aims to bolster Bahrain’s position as an attractive destination for investments, particularly for Singaporean businesses. The office will
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Arab Monetary Fund Report: The Arab Open Banking Market Growth
The Open Banking market across Arab Countries to grow by 25% annually over the next five years, The Arab Monetary Fund (AMF) said in a report issued this week, presenting guidelines for an “Effective Open Banking/ Finance Adoption”. The report
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BENEFIT Acquires Bahrain Fintech Bay and Appoints New Board of Directors
BENEFIT, a Fintech and electronic financial transactions services company from Bahrain, signs an agreement to acquire Bahrain FinTech Bay (BFB). This agreement seeks to accelerate the sustainable investment in Bahrain’s fintech ecosystem thereby paving the way for a robust, future
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Bahrain’s Bank ABC Goes Live With Instant Blockchain Payments for Institutions
Bank ABC becomes the first Middle East bank to introduce faster cross-border payments to specific corridors for corporates and financial institutions utilizing J.P. Morgan’s Coin Systems. Coin Systems is a blockchain-based permissioned system that serves as a payment rail and
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Spire Technologies Obtains Open Banking License from Central Bank of Bahrain
Spire Technologies has obtained Account Information Service Provider (AISP) and Payment Initiation Service Provider (PISP) licenses from the Central Bank of Bahrain (CBB), authorising it to operate as a fully regulated open banking ancillary service provider in the Kingdom. This
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Mastercard Partners With UAE Life-Style Banking App to Issue Virtual Prepaid Cards Across GCC
Mastercard is partnering with Bankiom, a UAE-based lifestyle banking app, to introduce digital payment cards across the UAE, Saudi Arabia, Bahrain, Kuwait, and Oman. This partnership marks a significant stride in Mastercard‘s ongoing commitment to advancing digitalization in the payments
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Singapore’s Whampoa Group Plans to Set up Digital Bank in Bahrain by End-2023
Singapore-based private family office Whampoa Group will be establishing the headquarters of its new digital bank in Bahrain according to the Bahrain Economic Development Board (Bahrain EDB). With an intended launch date of end of 2023, the digital bank aims
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