Mastercard announced on Tuesday it has launched Mastercard Pay Local, a new global service that enables digital wallet users in Asia-Pacific, Latin America, Eastern Europe, and the Middle East and Africa to pay locally when they travel.
Another initiative relevant to MEA mobile finance has been launched. This time global digital payments and commerce platform PayPal has announced a strategic partnership with TerraPay, a global money movement company, to enable real-time fund transfers…
Saudi Arabian telco Zain KSA is set to make a play in the insurtech space via its financial investment arm, Al Sayra Holding Company, which has formed a JV with global insurance specialist Prevensure to buy a stake in Saudi-based brokerage firm Green S…
China’s UnionPay International, a leading name in payment solutions, has announced that, starting this year, UnionPay cards issued by Vietnamese banks can be linked with Alipay and WeChat Pay, China’s leading mobile payment platforms, through a partner…