NEOPAY Upgrades UAE Merchant POS Devices to Alipay+ in Response to Tourism Growth
The Middle Eastern tourism sector has skyrocketed following the pandemic dip. In fact, tourist arrivals have jumped 15 per cent in Q1’23 compared to Q1’19, with 22 per cent coming from an Asian country. Capitalising on this NEOPAY, the payment subsidiary of Mashreq, has become the first acquirer in the UAE to launch Alipay+ cross-border […]
DIFC Prepares for Future Sustainability Forum as it Looks to Accelerate Global Climate Action
Dubai is readying itself to become the focal point for action against climate change as the Dubai International Financial Centre (DIFC), the global financial hub in the Middle East, Africa and South Asia (MEASA) region, prepares for the first ‘Future Sustainability Forum’, which will be held 4 to 5 October. The two-day DIFC sustainability forum […]
Transport for Wales: Second Only to TfL to Deploy Contactless EMV Card Payments
Unicard LTD, an established provider of smart ticketing and payment solutions to the public and commercial transport sector, has deployed its Ticketing Hub platform with Transport for Wales (TfW). This enables contactless EMV card payments on selected train routes and services in Wales. This is in addition to processing payments and ensuring passengers pay the […]
Financial Actors Must Choose a Proactive Approach to Sustainability Over Reactive; Normative Urges
While investor expectations remain centred around value creation, growing awareness of climate risk factors has ensured that investors are now willing to pay a 10 per cent premium for companies with positive ESG records, carbon accounting engine Normative reveals in its latest whitepaper. Despite an increasingly positive attitude towards environmentally friendly options, the financial services industry […]
WeLab Celebrates 10th Anniversary and Sets out Plans for Future Innovation Across Hong Kong
Pan-Asian fintech platform, WeLab, is celebrating its 10th-anniversary milestone this year, looking back at how it has championed fintech development across Hong Kong and the rest of Asia, by embracing developing innovative technologies and promoting financial inclusion since its inception. As the fintech industry continues to surge forward, WeLab eagerly embraces the promising changes ahead […]
Behind the Idea: Snugg
The cost-of-living crisis has severely impacted some families’ ability to be environmentally friendly. With many panicking and buying whatever they can, climate awareness has sometimes fallen to the wayside. However, one firm looking to ensure this does not happen is Snugg. Snugg is an Edinburgh-based tech start-up. Its online platform helps people to improve their […]
Thought Machine and GFT Bring Incumbents Into Digital Age To Match Consumer Demand
Despite the emergence of challenger banks in the US in the past few years, a resounding number (42 per cent) of Americans have stated they are happy with their banking provider. Research from GFT, the digital transformation firm, has revealed that roughly one in five (22 per cent) people want to switch banking providers. In […]
This Week in Fintech: TFT Bi-Weekly News Roundup 28/09
The Fintech Times Bi-Weekly News Roundup on Thursday 28 September 2023. Investment and funding Vega, a UK-based wealthtech platform set up by a team of former executives from leading hedge funds, private equity firms, and fintech scale-ups, has launched with over $8million in equity investment from venture capital firms and angel investors. With Vega, users […]
Atom Bank Partners With Kamma to Benchmark Emissions, Manage Climate Risk and Enhance Offering
The UK’s app-based digital bank, Atom Bank, has joined forces with climate tech business Kamma, gaining access to its full climate suite, offering an unparalleled view of both the physical and transition risks of its mortgage book. Kamma will also provide enhanced analytics on financed emissions for Atom Bank, improved PCAF scoring, and climate credentials on […]
Prevent Payments Headaches With Up-Front Identification of Sanctioned Banks
The global risk landscape has never been more complex. With the war in Ukraine triggering a wave of sanctions against Russia, sanctions activity reached record heights in the first half of 2022 – the importance of proactive risk management cannot be overstated. With over two decades of experience in financial services, Dalbir Sahota, a seasoned […]
