Triterras and Mamun Forge Fintech Powerhouse to Catalyze MSME Growth in Oman
In conclusion, the Triterras-Mamun alliance emerges as a beacon of fintech synergy, poised to catalyze economic prosperity in Oman. By leveraging technology, financial expertise, and a shared vision of empowering MSMEs, these fintech giants are paving the way for innovative financial solutions tailored to the unique requirements of Oman’s vibrant market. As the partnership unfolds, its impact on fostering financial inclusion and driving economic growth is anticipated to resonate far beyond Oman’s borders, contributing to the larger narrative of fintech-driven transformations in the global financial landscape.
TCS BaNCS Empowers Banque Saudi Fransi’s Payments Transformation
Banque Saudi Fransi’s payments transformation powered by TCS BaNCS has taken the financial world by storm! With real-time transactions and seamless scalability, BSF emerges as a modern and customer-focused leader in Saudi Arabia’s banking landscape. Embrace innovation for elevated banking experiences!
How Digital Disruption is Impacting Traditional Banking in the Middle East?
Digital banks in UAE, Kuwait, and Saudi Arabia are posing significant challenges and opportunities for traditional banks in the region. While the prevalence of cash payments remains high, recent government policies, regulatory initiatives, and the outbreak of the COVID-19 pandemic are spurring rapid changes in the payments landscape. According to a survey conducted by McKinsey, 90% of payment practitioners believe that the shift toward digital payments will be permanent. Nonbank payment providers are predicted to emerge victorious by 60% of survey respondents, highlighting the importance of traditional banks prioritizing digitizing customer journeys and investing in fintech to remain relevant in this dynamic space.
Analysis: Europe’s banks dim lights as they brace for winter blackout
Some of Europe’s biggest banks are preparing back-up generators and to dim the lights as they brace for potential power cuts and energy rationing that threaten the money system underpinning the region’s economy.
EXCLUSIVE Two senior Grab executives quit as company rejigs unit to stem losses – sources
Two top executives at Grab Holdings’ fintech business have quit, adding to other senior departures in recent months, as the Southeast Asian ride-hailing and delivery firm rejigs the key unit at the loss-making group, two sources said.
Explainer: Russia could work around SWIFT ban but with high costs
Western sanctions banning several Russian banks from the SWIFT international payments network with the potential threat of more to come if there is no end to the Ukraine conflict is likely to push Moscow to seek alternatives.
Amazon accepts Visa credit cards in global truce over fees
Amazon.com Inc has reached agreement with Visa Inc (V.N) to accept its credit cards across its network, ending a standoff between the two that threatened to disrupt e-commerce payments and deal a blow to the U.S.-based payments processor.
-DBS CEO says tough for digital banks to muscle into Singapore
Singapore’s digital banks will find it hard to carve out space in the city-state’s saturated market, said Piyush Gupta, the CEO of DBS Group (DBSM.SI), Southeast Asia’s biggest lender.
Grab’s $40 bln Nasdaq debut to set tone for Southeast Asian tech listings
Grab, Southeast Asia’s biggest ride-hailing and delivery firm, makes its market debut on Thursday after a record $40 billion merger with a special purpose acquisition company (SPAC), in a listing that will set the tone for other regional offerings.
Some investors have not got Evergrande unit’s bond interest due Nov 6: sources
Some holders of offshore bonds issued by a unit of developer China Evergrande Group (3333.HK) had not received interest payments due on Nov. 6 by Monday morning in Asia, two people familiar with the matter said.
