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Digital Payments

Network International, Mastercard partner to revolutionise commercial payments

MEA Finance -
The new solutions will enable Network to tap into Mastercard’s global digital payment expertise, including expense management
Banking & Finance

Sharjah Islamic Bank successfully issues $500 million sukuk

MEA Finance -
The issuance received tremendous response from international investors, attracting orders that peaked at $1.5 billion
Banking & Finance

Magnati, Al Etihad partner to enable acceptance of Jaywan card

MEA Finance -
Jaywan cards will soon be issued to UAE residents by licensed banks and financial institutions
Banking & Finance

HSBC launches global wealth trading platform in the UAE

MEA Finance -
The UAE is the first market in the HSBC global network to launch WorldTrader, with select markets in Asia and the Middle East set to follow
Banking & Finance

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

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

CBUAE publishes monetary, banking developments for March 2024

MEA Finance -
The money supply aggregate M3 increased by 1.9%, from AED 2.54 billion at the end of February 2024 to AED 2.58 billion at the end of March 2024
Banking & Finance

UAE’s du partners with Visa to debut innovative prepaid card

MEA Finance -
The partnership between du Pay and Visa seeks to reshape the digital payments landscape by ensuring the delivery of easy-to-use and secure digital payment solutions
Banking & Finance

S&P Global affirms ‘AA’ ratings for UAE’s Emirates Development Bank

MEA Finance -
The upgrade reflects the improved clarity of the bank’s strategic mandate to enable economic development and industrial growth in the UAE
Banking & Finance

Network leads launch of UAE domestic card scheme ‘Jaywan’

MEA Finance -
The domestic payments scheme seeks to promote digital payments by boosting card-based transactions across all segments of customers
Banking & Finance

Islamic banks assets increased by AED 86 billion over past 12 months

MEA Finance -
The Islamic banks’ deposits increased to AED 509.4 billion at the end of February, reflecting an annual increase of 15.8%
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