The Saudi Central Bank (SAMA) and Ant International, a leading global digital payment, digitisation, and financial technology provider, will launch cross-border QR code payments between the Kingdom of Saudi Arabia’s (KSA) national payment scheme, mada, and Ant International’s global wallet gateway, Alipay+, during 2026 to drive digitisation and inclusive growth for local merchants.
All content with RSS
JPMorganChase (JPMC) and Plaid today announced a renewed data access agreement that will continue to allow their shared customers to safely and securely access products they rely on for their financial needs and ensure continued innovation within the open banking ecosystem.
Tamara, the first homegrown Saudi fintech unicorn, has secured the largest asset-backed facility of its kind in the region of up to $2.4 billion from major financial institutions, including Goldman Sachs, Citi and Apollo funds. This transaction fully refinances and upsizes a prior USD 500 million asset-backed facility arranged by Goldman Sachs.
PayPoint has today announced that over £1 million has been deposited with its BankLocal service in the first few weeks after launch. The new service was launched on 26th August and saw Lloyds become the first major UK bank to launch a mobile app feature which allows up to £300 per day in cash to be paid in at over 30,000 convenient PayPoint locations nationwide, using a simple barcode.
Liberis, a leading global embedded finance platform, today announced a strategic partnership with the Polish ecommerce payment operator, Przelewy24, part of the Nexi Group, to launch Przelewy24 Finance. This landmark partnership marks a major expansion of Liberis' embedded finance capabilities in Poland. Building on our existing presence, we are now introducing an advanced, automated funding application process tailored for e-commerce merchants.
Michael McPolin has been appointed Head of International Market Advocacy at Broadridge Financial Solutions, spanning the EMEA and Asia Pacific regions.
Vixio, a leading provi
Paymentology, the leading global issuer processor, today announces its commercial registration in Riyadh to expand its on-the-ground presence. This strategic expansion brings world-class card issuing and payment processing capabilities to the heart of the Kingdom’s fintech revolution, serving as a launchpad for next-generation payment innovation, enabling banks and fintechs in Saudi Arabia to create digital payment experiences built for the future.
Conferma, the global leader in virtual payment technology, today announces research finding that employees across the UK are increasingly footing the bill for business-related expenses with staff fronting almost £6 billion of work costs in the past year alone - almost £1 billion more than the UK’s total national overdraft debt.