United Arab Bank (UAB), has renewed its credit card processing agreement with Network International (Network, and has further expanded the partnership to include debit card processing within the Network One platform. The renewed agreement allows UAB to offer its customers a centralised solution for cards processing that is flexible, efficient, and scalable. Shirish Bhide, Chief Executive Officer, United Arab Bank, said, “Over the years, our longstanding partnership with Network International has contributed positively to UAB’s growth. The new agreement adds to this momentum, combining Network ..read more

CrediMax, a leading Credit Card Issuer and Acquirer in the Kingdom of Bahrain, proudly announces its latest achievement as the first company in Bahrain to introduce Click to Pay (CTP) via Mastercard Gateway, providing consumers with instant access to their preferred cards on every device. Click to Pay offers a client-friendly interface that enables cardholders to effortlessly finish all their online purchases with a single click. By eliminating the requirement for manual password entry, shoppers can now enjoy a hassle-free checkout experience, saving valuable time and reducing the risk of err ..read more

National Bank of Kuwait (NBK) has become the first bank in Kuwait and one of only six banks in the Middle East and North Africa (MENA) region to join the global industry-led partnership, PCAF, for measuring and disclosing the greenhouse gas (GHG) emissions associated with its lending and investment portfolio. Industry sources added that this turning point in the Bank’s sustainability journey boosts its commitment to responsible banking, aligning with its goal of achieving carbon neutrality by 2060. The Partnership for Carbon Accounting Financials (PCAF) initiative aims to assist financia ..read more

Mastercard has announced strategic enhancements to its leadership roles in the Middle East. The move is part of the company’s efforts to boost its regional leadership with a focus on fast-tracking growth, deepening stakeholder engagement, and enhancing its focus on its multi-rail capabilities in key markets. Continuing Mastercard’s successful digital transformation journey, its regional leadership will build on the momentum with a refreshed organizational design. The technology company has leveraged its regional network through restructured division operations, combining the power of scale wit ..read more

The Islamic Corporation for the Insurance of Investment and Export Credit (ICIEC), a leading Shariah-based multilateral insurer and esteemed member of the Islamic Development Bank (IsDB) Group, is proud to announce the signing of a Memorandum of Understanding (MoU) with the National Infrastructure Fund of Saudi Arabia (INFRA). Industry sources added that this pivotal MoU was signed during the IsDB Group Annual Meeting 2024, which took place in Riyadh, Saudi Arabia, by ICIEC’s CEO, Mr. Oussama Kaissi, and Eng. Esmail Alsallom, CEO of INFRA.  Industry sources further affirmed that this MoU ..read more

Mastercard is collaborating with SingleView to boost businesses across the region with greater access to corporate and commercial solutions powered by SingleView technology.  Industry sources added that the strategic agreement will overview the two partners working closely together to enable enterprises in the Kingdom to unlock the value of data safely and securely. Leveraging Mastercard’s state-of-the-art technology and SingleView’s comprehensive suite of advanced offerings, the partnership will advance the transformation of B2B corporate solutions, creating even more opportunities for ..read more

Orion Innovation announces it has signed a deal with BNI Madagascar to revolutionize the bank’s digital banking experience for their customers. As part of the agreement, Orion will implement Temenos’ cloud-based core banking platform into BNI’s operations, modernizing its product portfolio to bring customers personalized, digital-first banking solutions. As the nation’s premier banking network, BNI MADAGASCAR stands as a pivotal entity in the national banking sector with the most extensive network spread across all 23 regions of the country. As a leader in banking coverage, we also aim to tran ..read more

Al Maryah Community Bank (Mbank), a leading digital bank in the United Arab Emirates signed a Memorandum of Understanding (MoU) with Ajman University (AU) to provide academic and professional training and development programs (PDP) to university students.  Industry sources added that this strategic partnership aligns with the Ajman government’s vision of boosting cooperation with universities and leading educational institutions to help UAE government employees attain advanced academic degrees, professional skills, and competencies needed to improve their performance. Industry sources fu ..read more

Reem Finance (RF), a leading financial services provider in the UAE, has signed a strategic partnership agreement with global digital payments leader, Visa. to expand its offerings by providing innovative, secure digital payment solutions to its customers including contactless-enabled Visa cards and digital wallets.  From L To R – Seraj Faidi, CEO of Reem Finance, And Dr. Saeeda Jaffar, Visa’s SVP and Group Country Manager for GCC This initiative is poised to boost Reem Finance’s commitment to exceeding client satisfaction and offering innovative payment solutions. The partnership was ink ..read more

In a landmark initiative to aid the boosting Uzbek economy, the Islamic Corporation for the Insurance of Investment and Export Credit (ICIEC), a Shariah-based multilateral insurer and member of the Islamic Development Bank (IsDB) Group, has entered into a cooperation agreement with Joint Stock Commercial Bank Agrobank and Standard Chartered Bank. Industry sources added that this partnership was formally announced at the IsDB Group’s Annual Meeting 2024, held in Riyadh. From L To R: – ICIEC CEO Mr. Oussama Kaissi And Mr. Mazen Bunyan, CEO Saudi Arabia, Standard Chartered Bank The agreement is ..read more