Kuwait
The First Shari’a-Compliant Digital Bank Launched in Kuwait
In a special ceremony, Kuwait Finance House (KFH) has announced the launch of its first Shari’a-compliant digital bank in Kuwait, called Tam Digital Bank. The ceremony was attended by KFH Chairman, Hamad Abdulmohsen Al Marzouq, members of the Board of
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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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Mastercard Partners With One Global to Introduce Click to Pay in Kuwait
Mastercard has launched Click to Pay (C2P) in Kuwait in collaboration with One Global under its Payment Service provider (PSP) license. Mastercard’s Click to Pay sets a new standard for guest checkout transactions, delivering a more consistent experience for consumers
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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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Google Pay Starts in Kuwait
Mastercard has collaborated with Google to launch Google Pay in Kuwait, strengthening digital payment capabilities in the country. Cardholders can tap to pay with their Android phones or supported Wear OS devices in stores where contactless is in operation. They
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Temenos Partners With NdcTech to Expand Its Market Reach in the Gulf Region
Banking software company Temenos announced that it will be granting license rights to NdcTech, a wholly owned subsidiary of Systems Limited and one of its largest regional system integrators partners. This will allow NdcTech to further develop and market the
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Mastercard Brings Apple Pay to Kuwait
Mastercard brings Apple Pay to its cardholders in Kuwait Customers simply hold their iPhone or Apple Watch near a payment terminal to make a contactless payment. Every Apple Pay purchase is secure because it is authenticated with Face ID, Touch
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Spare Launches Open Banking Payment Options in Bahrain With EazyPay
Kuwaiti open banking platform Spare has partnered with Bahraini payment services provider EazyPay to enable Spare merchants in Bahrain to accept open banking payments. Customers of Spare’s merchants in Bahrain will be able to make payments directly from their bank
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Report Details 11 Fintech Regulatory Sandboxes in MENA in 2022
The MENA Fintech Association’s (MFTA) Open Finance Working Group has published a new report on the rise of open banking and embedded finance in the Middle East and North Africa. The report found that regulators in the region have been
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Gulf Bank of Kuwait and Mastercard Enable Online Checkouts With Click to Pay
The Gulf Bank of Kuwait (GBK) and Mastercard have partnered to enable local merchants to utilise Click to Pay, a payment method that allows online shoppers to checkout without entering their card information and password. The new embedded checkout experience,
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