In with the old, as good as new

The first use of a commercial card for a B2B payment was recorded by the travel industry in 1937. Yet nearly a century later, commercial cards are still not a widespread B2B payment method. Why? They are often hampered by security concerns, supplier acceptance, and incompatibility with existing financial systems.

Leading global intelligence and cyber security consultancy S-RM has today announced the appointment of Belén Satorre as Associate Director in its growing ESG division. 

Tarabut, MENA’s first and leading open banking platform, announces the appointment of Munthir Alsheddie as the company’s Country Manager in the Kingdom of Saudi Arabia.

Kindcard, Inc., an innovative FinTech and PayTech company that provides alternative “Closed-Loop” payments solutions to businesses across a wide variety of merchant verticals through its wholly owned subsidiary, Deb, Inc., today announced that it has entered into a Letter of Intent with Acepay, Inc. in connection with the Company’s potential acquisition of OpenTransact.

AMLYZE, a leading RegTech specializing in anti-financial crime solutions for FinTechs, banks and crypto businesses, is excited to announce a strategic partnership with TransactionLink, the Berlin-based no-code platform, in a move that will transform the landscape of Anti-Money Laundering (AML) and Know Your Customer (KYC) automation. 

This collaboration will enable TransactionLink's clients to have most stages of their AML journey handled by AMLYZE.

Dubai Duty Free, one of the world’s largest travel retail operators, today announced its partnership with Alipay+ to power a seamless travel and checkout experience for international visitors.

Consumers from South Korea, Singapore, the Philippines, Thailand, Mongolia, and Italy as well as Chinese mainland, Hong Kong, and Macao are now able to access promotions and pay with their home digital apps at duty-free stores in Dubai and Al Maktoum International airports.

Following the $2 million investment obtained in the previous pre-seed round, Fimple has now secured an additional $3.5 million investment in the Bridge Investment tour, adding a new angel investor to its list. Led by Apy Ventures, the tour saw participation from KT Portfolio, Tera Portfolio, and angel investors. This total investment of $5.5 million aims to strengthen Fimple’s position as a leader in the finance industry by supporting the company’s expansion and innovation goals.

TPAY, the leader in payments in the Middle East, Africa, and Turkey (META), has released a white paper explaining how mobile money payment is enhancing users' capabilities to accommodate digital payments and in-store purchases while also growing the merchants’ and wallet providers’ businesses, bridging the gap between the digital and physical realms of finance.