Mashreq Bank rolls out Samsung Pay

January 14, 2019 Payments

        Mashreq Bank, the UAE’s leading financial institution, has rolled out a service that allows customers to instantly add their credit cards to Samsung Pay via Snapp, enabling them to make easy, fast and secure payments. Aref Al Ramli, Head of Digital Banking and Innovation, Mashreq Bank said: “Mashreq Bank has always been at the forefront of the UAE’s...Continue reading

CBA launches Alipay in Australia

December 20, 2018 Uncategorized

        Leading payments technology in Australia, Commonwealth Bank will become the first major bank to provide Alipay to customers in store. With around 900 million users choosing to pay for goods and services globally via Alipay and its strategic partners, Commonwealth Bank today launched the payment app on its Albert touchscreen device. Alipay will be available for in-store payments,...Continue reading

Real-time payments market – global forecast to 2023

December 12, 2018 Payments

          MarketsandMarkets forecasts the global RTP market size to grow from USD 6.8 billion in 2018 to USD 25.9 billion by 2023, at a CAGR of 30.6% during the forecast period. The major growth factors expected to drive the growth of the RTP market include the high proliferation of smartphones, adoption of cloud-based solutions, customers’ demand for immediacy...Continue reading

DBS expands in the Middle East, will double the number of private bankers over 5 years

December 4, 2018 Private Banking

        DBS has unveiled expansion plans in the Middle East, homing in on a growing wealth segment that looks towards Asia for investment opportunities. It will make its Dubai office a strategic hub for the Middle East, positioning itself as the partner of choice for clients wishing to access the Asian market. Over the next five years, South-east Asia’s...Continue reading

Bank of Georgia is the first JCB card acquiring bank in Georgia

November 26, 2018 Payments

        JCB International Co., Ltd., the international operations subsidiary of JCB Co., Ltd., and Bank of Georgia, a bank in Georgia, are proud to announce that Bank of Georgia has started to accept JCB Cards across the country. Bank of Georgia, one of the largest bank of the country by assets, has begun to service JCB Cards in its...Continue reading

Tandem Bank to enter the Hong Kong Market

November 21, 2018 Digital Banking

        Convoy Global Holdings will invest £15 million (US$19.29 million) for a significant stake in British virtual bank Tandem Bank, as it seeks to apply for a virtual bank licence from the Hong Kong Monetary Authority, according to a stock exchange filing on Tuesday. Under the agreement, subsidiary Convoy Technologies will buy an undisclosed stake in Tandem Money, which...Continue reading

Grab lands $50M from Thailand’s Kasikorn Bank to further its fintech push

November 9, 2018 Fintech

        Southeast Asia ride-hailing firm Grab is continuing to add strategic investors to its ongoing Series H round — which is targeted at more than $3 billion — after it revealed Thai bank Kasikorn put in $50 million as part of a strategic partnership to advance its financial services strategy. Kasikorn joins Hyundai ($250 million), Microsoft (undisclosed) and travel...Continue reading

Startup bank Monzo is a ‘unicorn’ after raising another £85m

October 31, 2018 Digital Banking

        Fast-growing UK startup bank Monzo is now worth £1bn ($1.2bn), just three years after launching, making it a “unicorn.” A unicorn is a term used in the venture capital industry to refer to any tech startup that reaches a $1bn market value, which is determined by private or public investment. The app-only bank announced on Wednesday that it...Continue reading

SWIFT launches new service to block suspicious payments

October 23, 2018 Payments

        SWIFT announces the introduction of Payment Controls, an intelligent new in-network solution to combat fraudulent payments, and to help strengthen its customers’ existing security. The commercial availability of the service marks an important milestone in SWIFT’s Customer Security Programme (CSP) – a community initiative launched in 2016 that has increased security and trust across the global financial community....Continue reading