FeaturedIslamic FinanceGulf Payments Company: Facilitating cross-border payments in GCCIFM CorrespondentJune 5, 2023June 12, 2023 by IFM CorrespondentJune 5, 2023June 12, 2023 In 2016, due to the regional importance of cross-border payments, the Supreme Council of the GCC approved the establishment of the Gulf Payments Company... Read more
BankingFeaturedStandard and Shinhan bank to test cross-border stablecoinsIFM CorrespondentDecember 1, 2021December 1, 2021 by IFM CorrespondentDecember 1, 2021December 1, 2021 Both the banks will use the decentralised public ledger Hedera Hashgraph, a blockchain technology... Read more
Banking and FinanceFeaturedVisa, Ooredoo seek to enhance digital payments experience in QatarInternational Finance Business DeskMay 12, 2020May 12, 2020 by International Finance Business DeskMay 12, 2020May 12, 2020 The companies will jointly offer virtual prepaid cards which will be accepted at Visa's more than 53 mn merchant locations worldwide... Read more
BankingMastercard, SABB partner to enhance international paymentsInternational Finance DeskDecember 18, 2019 by International Finance DeskDecember 18, 2019 SABB customers can send money to more than 100 countries through Mastercard Send for Cross-Border... Read more
FinanceSamsung, UAE’s Finablr launch cross-border payments app in USInternational Finance DeskOctober 4, 2019 by International Finance DeskOctober 4, 2019 The money transfer service within Samsung App allows users to transfer funds to 47 countries... Read more