ila Bank, Bahrain’s leading digital mobile-only bank powered by Bank ABC, has tied up with Gulf Air to provide customers personalised rewards on their credit card spends. The Bank’s new credit card rewards programme, ‘ila Rewards’, enables customers to choose their reward blueprint according to their preferences and priorities, thereby suiting their unique lifestyle needs.

In the rapidly evolving landscape of the banking industry, customer-centricity has become a core principle for success. In fact, 77 percent of businesses say consumer expectations for effectively engaging with them digitally have increased over the past 12 months, up more than 10 percent from a similar survey conducted by Verint just last year.  Banks are recognizing the importance of understanding the difference in customer expectations and preferences by channel to stay competitive and retain their client base.

BridgerPay, a payment technology pioneer in the payments industry, is proud to announce its transformation into a powerful omnichannel payment operations platform, bringing unparalleled control and flexibility to businesses seeking to streamline their payment processes across all payment channels - e-commerce shops, physical stores and mobile applications.

In Kano, Nigeria, a student hops on a bus to meet friends after school. In Bangalore, India, a business owner refills a prepaid cell phone. In Belo Horizonte, Brazil, a football fan grabs a quick bite outside the stadium while waiting for the game to kick off. Unbeknownst to them, they are all integral players in the ongoing instant payments revolution.

DUST Identity, a company at the forefront of product authentication technology, has raised $40m for its Series B funding round. .

This financial boost was led by Castle Island Ventures, with notable contributions from Amex Ventures, Kleiner Perkins, Airbus Ventures, 8VC, and other investors. This investment marks a significant milestone in DUST Identity’s journey, underlining the growing interest and confidence in its innovative technology.

Mintus Global Limited (Mintus), announces that Eurobank Asset Management MFMC (Eurobank Asset Management), a 100% owned subsidiary of Eurobank S.A. (Eurobank) has acquired a minority stake in Mintus Global Limited (Mintus). This investment will trigger further collaboration between the parties in the field of alternative investment asset categories.

Today marks the one-year anniversary of the European Commission’s VAT in the Digital Age (ViDA).

Set to be enforced between 2024 and 2028, these reforms respond to reports indicating a €93 billion loss in VAT revenues for European member states in 2020 and aim to enhance efficiency and combat fraud.