Tuesday, January 26, 2021
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Tag: Payments

Editor's Pick

Central Bank of Iran paves way for Islamic e-micropayments

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Following months of consultation and groundwork, the Central Bank of Iran (CBI) has finally reviewed and approved regulations for electronic wallets in a bid...
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Turkey to pilot new payment system

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The Central Bank of the Republic of Turkey (CBRT) has confirmed that it is ready to pilot a new payment system called the Instant...
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MCB Islamic Bank collaborates with NIFT

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MCB Islamic Bank has partnered with National Institutional Facilitation Technologies (NIFT) to promote digital payments in Pakistan through the latter’s payment gateway services NIFT...
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ADGM amends regulations to support fintech solutions

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The Financial Services Regulatory Authority (FSRA) of Abu Dhabi Global Market (ADGM) has amended its regulatory framework governing the provision of money services in...
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ADIB-Egypt launches BEAT

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Abu Dhabi Islamic Bank-Egypt (ADIB-Egypt) has launched BEAT, a wrist-wearable device for contactless electronic payments, according to its website.
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ADIB introduces Apple Pay

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Abu Dhabi Islamic Bank has integrated Apple Pay into its services, enabling customers to make contactless payment using an iPhone or Apple Watch.
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Faisal Islamic Bank plans cashless products with landmark license

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Faisal Islamic Bank (FIB) will become one of the first banks in Sudan to issue cashless payment products via global payment platform Visa, a...
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Allied Bank partners with Western Union

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Pakistan's Allied Bank, which offers Islamic financial services, has collaborated with Western Union, enabling customers to conduct international money transfers with 75 countries and...
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First Abu Dhabi Bank boosts payment services with new fintech partnership

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The UAE’s largest bank has partnered with a fintech start-up to roll out a Buy-Now-Pay-Later solution, expanding payment and financing options for the country’s...
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Saudi Islamic bank secures license for payment company

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Alinma Bank, one of the four fully-fledged Islamic banks in Saudi Arabia, has obtained a regulatory license for its payment company, AlinmaPay, to provide...
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