In a move that underscores its growing ambitions in the digital asset space, U.S.-based payments giant Mastercard has entered advanced negotiations to acquire Zerohash, a leading stablecoin infrastructure firm, in a deal valued between 1.5 billion and 2 billion, according to Fortune, citing five sources familiar with the matter. The potential acquisition reflects Mastercards strategy to expand its footprint in the rapidly evolving world of stablecoins amid intensifying competition among global fintech leaders.
In a move that reflects the global shift toward smarter and more seamless financial solutions, Cobre, a leading provider of B2B payment solutions in Latin America, has announced a strategic partnership with TerraPay, a global leader in enabling cross-border money movement. The partnership aims to empower businesses to execute international transactions faster and more efficiently while reducing the traditional operational complexities associated with cross-border payments.
Doha Bank, one of Qatars leading financial institutions, and PayTabs Group, MENAs award-winning payment orchestration solutions provider, have signed a strategic partnership to provide value-added services that enhance the e-commerce ecosystem for merchants in Qatar. The collaboration marks a significant milestone in advancing Qatars cashless economy, supporting small and medium-sized enterprises SMEs, and promoting innovation in digital payment solutions in line with Qatar National Vision 2030.
Over the past decade, the global banking industry has undergone a profound transformation driven by the rise o
Digital banking in Egypt is no longer just a step toward modernizationit has become a true battleground for banks competing to win over a new generation of digital-savvy customers who value speed, security, and seamless financial management.
Al Ansari Financial Services has signed a Memorandum of Understanding MoU with the Dubai Department of Finance to accelerate the implementation of the Dubai Cashless Strategy, reinforcing the emirates vision of transitioning to a fully digital economy by 2026
As part of the Memorandum of Understanding MoU signed between the Central Bank of Egypt CBE and the Ministry of Communications and Information Technology MCIT, which aims to support and strengthen the skills of youth and students participating in the Digital Egypt Builders Initiative DEBI particularly in the areas of Artificial Intelligence AI and Business Analytics and in alignment with the States strategic vision for digital transformation, the AI for FinTech Hackathon was launched under the umbrella of FinTech Egypt an initiative by the CBE.
QNB Groupannounced the successful adoption of J.P. Morgans Kinexys Digital Payments network for USD clearing, marking a major milestone in QNBs cross-border payments modernization journey.
The way businesses fund cross-border payments is about to get faster, smarter and more flexible. Today, Visa announced it will launch a stablecoin prefunding pilot through Visa Direct, its global money movement platform that connects 11B eligible cards, bank accounts, and wallets.
Visa , a global leader in digital payments, today released its latest consumer spending insights for the 2025 summer holiday period in Egypt, based on the Visa Consulting & Analytics Retail Spend Monitor. The data reveals an increase of 44% in total summer spending on Visa premium consumer cards compared to 2024, highlighting continued growth in digital payments, higher-value transactions, and evolving travel preferences.
has announced the appointment of Mr. Tawfik Mahmoud as the companys new Chief Executive Officer and Managing Director, effective August 2025. This strategic move comes as part of the companys efforts to expand its business scope and strengthen its competitive position in both the Egyptian and regional markets by delivering innovative, integrated financial solutions built on the latest advancements in financial technology.
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