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GLOBAL

Bank of England Raises Deposit Guarantee Limit to £120,000 to Strengthen Saver Protection

11/18/2025 10:44

The Bank of England has announced a significant increase in the protection offered to UK savers in the event of a bank failure, raising the deposit guarantee limit to 120,000, up the previous 85,000. The move represents a 40% increase and aims to reinforce financial stability amid persistently high inflation.

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

11/17/2025 14:50

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

11/17/2025 13:12

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.

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

11/16/2025 11:49

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

11/13/2025 15:49

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

11/13/2025 13:22

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.

Visa Launches Pilot Program for Stablecoin Payments via Visa Direct

11/12/2025 12:40

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.

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

11/11/2025 13:23

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.

Geopolitical Risks and Policy Uncertainty Threaten Financial Stability, Fed Survey Shows

11/10/2025 14:05

The latest semi-annual survey by the U.S. Federal Reserve revealed that policy uncertainty, including global trade and central bank independence, along with geopolitical risks, are the top concerns for financial stability. The report highlighted a shift in priorities compared to the previous April survey, trade risks had dominated, while concerns about developments in artificial intelligence AI have increased.

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

11/09/2025 16:05

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.

Disruptech Ventures Enters the Moroccan Market with Strategic Investment in Chari to Boost Financial Inclusion in Africa

11/06/2025 13:20

Disruptech Ventures, an investment fund specializing in supporting early-stage fintech startups, has announced its latest strategic investment in Chari, a leading Moroccan fintech company backed by global accelerator Y Combinator.

Mastercard Shapes the Future of Digital Payments in Africa at the Africa Edge 2025 Summit

11/05/2025 15:33

Mastercard organized its first-ever summit titled Africa Edge 2025, bringing together leading figures the payments and fintech ecosystem across Africa. The event aimed to explore new avenues for digital growth and promote financial inclusion through innovation and collaboration.