There’s been a flurry of digital payments news this week from Saudi Arabia involving a wide variety of major names in the market, notably Ant International, Google Pay and Thunes.
Beyon Money, part of Bahrain technology business Beyon Group, has secured two new licenses from the Central Bank of UAE (CBUAE). The two licenses are RPSCS (Retail Payment Services and Card Schemes) and SVF (Store Value Facilities).
Payment services are again making headlines in India. Both Shriram Finance, an Indian non-banking finance company (NBFC), and online retail giant Amazon have recently made news with their plans for the sector.
The UAE’s Ministry of Human Resources and Emiratisation (MOHRE) and e& money, the fintech arm of technology group e&, have signed a memorandum of understanding (MoU) to provide wage protection services via the e& money pla…