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#Payments

UAE payments revenue to reach $27.3 billion by 2028, BCG says

Transaction volumes in the UAE are projected to rise significantly, from 1.7 billion in 2023 to over 3.1 billion by 2028

ADCB launches all-new corporate TouchPoints credit card

The card empowers businesses to manage expenses effectively, while earning valuable rewards through the bank’s TouchPoints loyalty programme

Oman’s NBO, PayByte partner to enhance digital payments

The collaboration is expected to drive the adoption of digital payment solutions in Oman, while contributing to the overall growth of the financial sector

Network International partners with Citi for corporate payment solutions

Citi will be able to offer its corporate clients superior payment management solutions, including enhanced transaction efficiency and seamless payment integration capabilities

Magnati, Al Etihad partner to enable acceptance of Jaywan card

Jaywan cards will soon be issued to UAE residents by licensed banks and financial institutions

Citi, Emirates NBD partner to launch US cross-border payments

Emirates NBD will fully utilise Citi’s 24/7 USD clearing capabilities, including commercial payments and execution of treasury payments

OAB unveils direct debit service for seamless payment automation

The innovative service is part of the bank’s commitment to providing cutting-edge banking solutions, accessible 24/7 through electronic platforms and the mobile app

Mastercard, Bahrain’s BENEFIT partner to drive payment innovation

The collaboration supports the efforts of the Central Bank of Bahrain to accelerate the development of the country’s digital economy

UAE’s du unveils digital financial solution du Pay

The innovative digital financial solution is poised to play a pivotal role in enhancing financial inclusion, accessibility and security

Snowdrop, PwC Middle East partner to advance digital banking

Snowdrop’s transaction enrichment API is already gaining recognition in the Middle East region

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