بنكي | FINTECH

Suspension of Transactions via Foreign-Registered FinTech Applications in UAE Banks

Banks operating in the United Arab Emirates have implemented stricter measures regarding financial transfers through several FinTech applications registered outside the country. Under these measures, account holders can no longer withdraw funds directly their bank accounts to these applications, even when providing all required details such as IBAN, bank account number, debit card number, or CVV code.

PayPal Enhances Digital Installment Solutions with the Launch of “Pay in 4” with No Fees in the Canadian Market

PayPal has launched a new installment service called PayPal Pay in 4 in the Canadian market. The service falls under the Buy Now, Pay Later BNPL model, allowing consumers to split their purchases into four equal payments over six weeks with no interest or fees. The launch comes at a strategic time, coinciding with the holiday shopping season and major discount events such as Black Friday, Cyber Monday, and Boxing Day, which enhances payment flexibility for consumers and makes online shopping more convenient.

Central Bank of Egypt Participates in the 12th Edition of the Digital Payments, Financial Inclusion, and Digital Banking (PAFIX) International Conference and Exhibition

In line with its progressive efforts to promote digital transformation and financial inclusion within the banking sector, and to align with international best practices in the Artificial Intelligence AI technologies, the Central Bank of Egypt CBE is participating in the 12th edition of the Digital Payment, Financial Inclusion, and Digital Banking PAFIX International Conference and Exhibition.

Visa Launches Experimental “Creator Agent” Program in Partnership with Karat

Visa announced a significant expansion of its support for the global creator economy through the introduction of a new experimental Creator Agent pilot program developed in collaboration with fintech partner Karat Financial. The announcement was made during Web Summit 2025 in San Francisco and Lisbon, Visa unveiled its latest research study, the Monetized: Visa 2025 Creator Report. This initiative reinforces Visas ongoing commitment to positioning creators as an influential business segment with growing economic impact across international markets

Partnership Between Thunes and Mashreq Bank to Enhance Instant Mobile Wallet Transfers

Thunes, a global leader in smart cross-border money movement, has announced a new strategic partnership with Mashreq Bank, one of the UAEs leading financial institutions, to launch instant transfer services to mobile wallets. This collaboration aims to provide millions of Mashreq customers with faster, more efficient, and secure international money transfers.

Visa Launches “Scan to Pay” to Expand Digital Payment Acceptance in Asia-Pacific

Visa, the global leader in digital payment solutions, has announced the launch of its new service, Visa Scan to Pay, a QR code-based payment solution. This strategic initiative aims to promote financial inclusion and broaden the adoption of digital payments across the Asia-Pacific region. The new service enables millions of merchants across various markets to accept Visa payments easily through digital wallets and payment apps, providing consumers with a more flexible and seamless payment experience, both for local transactions and while traveling.

Banks and insurers deploy AI agents to fight fraud and process applications, with plans for new roles to supervise the AI

Visa Launches Pilot Program for Stablecoin Payments via Visa Direct

Visa Inc., the American payment technology company, announced during its participation in the Web Summit in Lisbon the launch of an innovative pilot program that allows businesses and platforms to send payments directly to recipients stablecoin wallets. This initiative aims to accelerate fund transfers and empower creators and gig economy workers to access their earnings instantly.

Raya Information Technology and Diebold Nixdorf Celebrate 25 Years of Smart Banking Innovation

Raya Information Technology, a subsidiary of Raya Holding for Financial Investments, proudly marks 25 years of strategic collaboration with global banking technology leader Diebold Nixdorf. This milestone commemorates a partnership that has played a pivotal role in reshaping Egypts banking landscape and accelerating its digital transformation.

Mastercard Launches The Mastercard Collection in EEMEA, Elevating Premium Cardholder Experiences

Mastercard has officially introduced The Mastercard Collection, a new suite of premium benefits designed to enhance dining, entertainment, and travel experiences for cardholders across the Eastern Europe, Middle East, and Africa EEMEA region. This collection specifically caters to holders of World, World Elite, and the newly launched World Legend and World Legend Exclusive Mastercards, Mastercards highest-tier credit cards to date.

Reuters: Visa and Mastercard Near Settlement with Merchants to Cut Fees and Expand Their Flexibility

U.S. payment giants Visa and Mastercard are reportedly close to reaching a settlement with U.S. merchants that would reduce the fees stores pay for card transactions and grant them greater control over which credit cards to accept, according to The Wall Street Journal, citing people familiar with the matter.

eNovate Launches Egypt’s First University Student Banking Product in Collaboration with Visa and Arab Bank

eNovate, a subsidiary of e-Finance Investment Group, has officially launched its first banking product for university students in Egypt under the Youth Banking as a Service Y-BaaS model. Developed in partnership with Visa, a global leader in digital payments, and Arab Bank, the product, named Rize, introduces a fully integrated digital banking ecosystem within the university environment. Helwan University serves as the first institution to implement this innovative solution.