A four-country test of a cross-border payments system using central bank digital currencies was a success, the Bank for International Settlements (BIS) declared last week,...
Sovereign wealth funds (SWFs) of the Gulf Cooperation Council (GCC) are emerging as major centers of economic gravity whose movements affect the entire world, so...
Cross-border money transfer firm Western Union announced on Thursday (Oct. 27) its new partnership with payment platform NymCard. With the new alliance, international money transfer...
As part of Dubai’s ambition to become a global center for metaverse business and technology, the emirate recently inaugurated its first hospital in the metaverse...
The Ajman Department of Finance (ADF) has launched a government payment platform on the metaverse, a service that registers government suppliers and a new website....
Dubai-based Commercial Bank International (CBI) has rolled out a metaverse location to enhance the integration of real and digital worlds, a press release says. The...
The displacement of traditional banks’ dominance in the delivery of financial services has been one of the defining characteristics of the FinTech boom of the...
If the Middle East was late to the neobank party, the United Arab Emirates, at least, is making strides toward the future of digital banking....
Brookfield Asset Management and Network International Holdings could be in the running to buy UAE lender Mashreqbank’s payment unit, Bloomberg wrote. The payment unit handles...