Mastercard Partners with Areeba for Cutting-Edge Fintech Payment Solutions in the Middle East

Partnerships
Mastercard partners with Areeba to enable modern payment platforms for Fintechs in the Middle East
It is set to revolutionize fintech in the Middle East enabling modern payment platforms. This strategic partnership aims to enhance financial services across the region, offering innovative solutions for the evolving landscape. Read More>>
Karnataka Bank partners with HDFC Life, shares in focus after rally
The partnership is to enhance financial security for Karnataka Bank customers, leveraging banking and insurance capabilities, particularly through digital technologies. The collaboration aims to improve customer experiences by offering insurance products to the bank’s client base. Read More>>
ZCG and NSIA announce Strategic Partnership
The partnership signifies a collaborative effort to drive growth and innovation in the banking and financial services sector. This alliance aims to leverage strengths for mutual benefit in the evolving financial landscape. Read More>>

Executive Movements
Vinay Tonse named State Bank of India’s new Managing Director
Tonse steps into this role succeeding Swaminathan Janakiraman, who has been appointed as Deputy Governor of the Reserve Bank of India (RBI). Tonse’s promotion is expected to draw investor attention as he joins the executive team at India’s largest public lender. Read More>>
Al Ramz Corporation PJSC appoints Yazan Abdeen as Chief Executive of Asset Management
Abdeen wealth of experience aligns with the company’s vision for strategic financial leadership in the region. Read More>>
Green Dot appoints Dave Harden as Chief Technology Officer
With a history of tech leadership at MUFG and Bridgewater, Harden will steer Green Dot’s tech evolution, focusing on scalable banking solutions for consumers and businesses. Read More>>

Center Setup and Expansion
Bank of America will move Tokyo Headquarters to New Tower
This move underscores the bank’s commitment to a dynamic and influential presence in Tokyo’s financial landscape. Read More>>
Cairo Amman Bank welcomes customers to the New Abu Nseir location
The new branch features strategic accessibility, two ATMs, and a customer-centric design for enhanced banking services. The branch prioritizes efficiency, offering secure parking and reflecting the bank’s corporate identity. Read More>>

Mergers and Acquisitions
Nuvei to acquire Till Payments for USD 30.5 Mn
It aims to bolster financial technology and payment solutions. This strategic move signifies Nuvei’s commitment to expanding its footprint in the global financial services landscape. Read More>>
Providus Moves to acquire a majority stake in Unity Bank
The acquisition signals a strategic move in the Nigerian banking sector. The potential merger aims to strengthen financial services and foster growth in the region. Read More>>

New Product Development and Product Launch
Santander Bank introduces New Essential Checking Account to enhance financial services suite
This product launch aims to provide customers with a streamlined and essential banking experience, contributing to the evolving financial landscape. Read More>>

Digital Banking Services

• Maybank introduces a range of innovative solutions, including 10-second home loan approvals through Maybank Home2u, a Sharia-compliant SBL offering for better customer experience, SME Digital Financing for instant cash via API-embedded platforms, and integrated auto financing for EV buyers to support the growth of the EV market in the country.
• Maybank has introduced a cross-border QR payment service for Malaysians traveling abroad and tourists visiting Malaysia. Additionally, the bank has completed migrating its online banking services from SMS OTP to Secure2u, enhancing online banking security for customers. Service providers with rich expertise in these segments would find a better opportunity to serve Maybank Malaysia.

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