Tabby, the MENA’s leading shopping and financial services app, has announced it has entered into a definitive agreement to acquire Tweeq, a Saudi-based digital wallet licensed by the Saudi Central Bank (SAMA), during 24 Fintech, Saudi’s flagship fintech event. Tweeq will continue to operate independently, and through future opportunities, Tabby could explore expanding its financial products suite to include digital spending accounts, cards, and money management tools in accordance with laws and regulations.

DNA Payments today launched its new Merchant Portal App for iOS and Android, bringing the full functionality of DNA Payments’ Merchant Portal to any smartphone.  

ACI Worldwide, an innovator in global payments technology, today announced a collaboration with Red Hat Inc., the world’s leading provider of open source solutions, to make ACI’s cloud-native Enterprise Payments Platform available on any cloud infrastructure. With this collaboration, ACI will help customers ease their migration to the cloud to better adapt to the rapidly evolving digital economy and power the next generation of payment services.

South African fintech start-up Omnisient has received   a $7.5 million investment from Arise, a company that invests in African financial service providers and fintechs that advance financial inclusion. 

The launch of Tradeverse, a new data platform by global Fintech leader Broadridge Financial Solutions Inc., will help trading firms eliminate data silos, unleash the potential of their data across the enterprise and better manage costs, reconciliation, and the data quality and lineage challenges of firms typical complex platform ecosystems.

The Bank of London today announced that Anthony Watson CBE, its founder, is stepping down from his role as Chief Executive Officer (CEO). Watson will transition to a new role as Founder & Senior Adviser while continuing to serve as Non-Executive Director of The Bank of London Group – the firm’s holding company – and remains a shareholder. Stephen Bell, currently the Chief Risk and Compliance Officer (CRCO), has been promoted to CEO, subject to regulatory approval.

Open Payment Technologies Ltd, a payments service processor, has today announced the expansion of its digital wallet services, Kuady, into Argentina. It brings an advanced, user-friendly experience that ensures secure and efficient money management through an e-wallet app.