Bahrain
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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Future Bahrain: Beyon Announces 250m USD Digital Infrastructure Investment
Beyon has announced a major investment of more than USD 250M in state-of-the-art digital infrastructure helping to support the acceleration of Bahrain’s digital transformation and the growth of the country’s digital economy, in a press conference attended by Beyon Chairman
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Real-Time Transactions Poised to Growth in the UAE
New, sophisticated use cases for consumers and businesses are driving global real-time payment volumes to record highs, with 195.0 billion transactions recorded globally in 2022 — a YoY growth of 63.2% — according to the 2023 Prime Time for Real-Time
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Bahrain Amends Crypto Assets Framework to Include Digital Tokens
The Central Bank of Bahrain has made amendments to its crypto-assets (CRA) module which includes expanding its scope to include digital token offerings as part of its framework. All digital tokens’ offerings that exhibit the characteristics of security will be
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