Al Ansari Exchange has extended its strategic partnership with Visa to further enhance digital payments in the UAE. The collaboration aims to drive innovation, improve customer experiences, and expand digital payment solutions. The partnership has already led to growth in prepaid cards, fraud mitigation, and financial literacy initiatives.
Maseera, an Abu Dhabi-based financial services firm, has acquired Egyptian fintech startup ADVA to expand its presence in North Africa. The deal will allow Maseera to enhance its consumer finance portfolio, increase access to flexible financial solutions, and tap into Egypt’s growing digital finance market.
Khaleeji Bank has launched Visa+, a digital money transfer service that enables users to send funds across GCC countries using just the recipient’s mobile number, without needing card details or IBANs. This innovation enhances security and simplifies cross-border transactions, reinforcing Khaleeji Bank’s leadership in digital banking.
The Bahrain Ministry of Industry and Commerce has urged businesses to comply with Resolution No. (43) of 2024 by opening commercial accounts and adopting reliable e-payment systems before the June 13 deadline. The resolution aims to improve financial processes and enhance transparency in the kingdom’s commercial sector.
Fuze has received approval from the Central Bank of the UAE for a Retail Payment Services and Card Schemes license. This allows the company to offer advanced payment solutions, including AI-driven compliance, virtual IBANs, and real-time transactions, aligning with the UAE’s Digital Economy Strategy to drive financial innovation.
Visa has launched Visa+ in Bahrain, allowing users to send money across the GCC using only a mobile number. The service, available through Benefitpay and supported by Bahrain Islamic Bank and Khaleeji Bank, simplifies cross-border transfers, enhances security, and paves the way for further expansion across the region.
Khaleeji Bank has launched Visa+, a service allowing users to send money to Visa cardholders across the GCC using only a mobile number. This innovation enhances security and convenience, eliminating the need for sensitive account details. Visa+ supports peer-to-peer payments, loan disbursements, and cross-border remittances.
HPS, a Moroccan payment solutions provider, plans to acquire a fintech firm before 2027 to accelerate growth. The company, which saw a 6.4% revenue increase in 2024, aims to expand its capabilities, particularly in AI and digital currencies, while continuing its strong presence in Africa, Europe, and the Middle East.
Visa has launched Visa+ in Bahrain, enabling seamless cross-border money transfers using only mobile numbers. Initially available through Bahrain Islamic Bank and Khaleeji Bank, the service enhances security, convenience, and speed for transfers within the GCC. This marks a significant step in Visa’s efforts to transform global money movement.
Checkout.com plans to launch card issuing services in the UAE by 2026, pending regulatory approval. The service will enable businesses to offer branded physical and virtual cards, streamline B2B payouts, and manage expenses. Checkout.com continues to expand in the MENA region, enhancing its digital payment solutions and partnerships.
