Jordan’s International Cards Company (ICC) has inked a deal to issue UnionPay cards next year. This is the first UnionPay card in Jordan.
South Africa’s Bidvest Bank has luanched a multi-currency world currency card, powered by MasterCard. The new card is a prepaid travel payment card that features the ability to load up to 17 currencies onto a single card at any time.
Riyad Bank, one of Saudi Arabia’s top financial institutions, is migrating its entire portfolio to Gemalto’s Clarista Contactless EMV card, powered with the industry-standard MULTOS operating system. This is the country’s first contactless payment method.
Johannesburg-based Bidvest Bank has unveiled the MasterCard Multi-Currency World Currency Card. The prepaid travel card that allows cardholders to load up to 17 currencies on the same card at any time.
After the implementation of the Kyrgyzstan bank card settlement project in central Asia, Globebill signed a bank card settlement cooperation agreement in Saudi Arabia.
Qatar’s Doha Bank and China UnionPay inked a deal for the issuance of the first UnionPay card. Doha Bank, holding one-fourth market share, is one of the top merchant acquirers in Qatar.
compareit4me Group, which operates finance comparison websites across the Middle East, has raised $3 million in VC funding.
New research reveals account takeover fraud, in which fraudsters steal an established account with personally identifiable information (PII) attached to it, continues to beat credit card fraud. Account creation fraud has increased by more than 100% since February 2015.
The Saudi Investment Bank (SAIB) has been awarded with ‘Best Loyalty Program of the Year in Financial Services’ at The Loyalty Awards, honoring special recognition of innovation and achievement in loyalty marketing.
In today’s CardFlash News Que: CLEARTRIP (Visa); CREDIO (Discover); ACCULYNK (momentum); BIDPAL (Text2Give).
Global discretionary spending intentions declined or remained steady in the first quarter across all lifestyle categories. While confidence across global regions remained relatively stable in the first quarter, there is considerable variation across different markets.
San Francisco-based Boku has buddied with MT2 to bring direct carrier billing to Google Play for Zain subscribers in Saudi Arabia. This benefit is particularly important in Saudi Arabia, where only 17% of consumers have a credit card and only 46% have any kind of bank account.