Tuesday 30 June 2015
 
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EServGlobal launches mobile money app in emerging markets

EServGlobal, a company that specialises in mobile money solutions and value-added services to telco service providers , has launched a smartphone app for mobile money services in emerging markets. The white-label app will be part

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EServGlobal launches mobile money app in emerging markets

EServGlobal, a company that specialises in mobile money solutions and value-added services to telco service providers , has launched a smartphone app for mobile money services in emerging markets. The white-label app will be part

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UAE Exchange, Kalyan Jewellers unveil ‘Money Majlis’

UAE Exchange, a leading remittance, foreign exchange and payment solutions brand, has partnered with Kalyan Jewellers to launch its promotional campaign ‘Money Majlis.’ The firm aims to bring more value to its transact

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Xpress Money launches Ramadan promotion

Xpress Money, a leading money transfer brand, has launched ‘Everyday Winners,’ a promotion for its customers in the UAE during Ramadan. This 50-day promotion, from June 15 to August 3  will give Xpress Money custo

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Anti-money laundering regulation challenges in focus

The recent changes and future challenges of international anti-money laundering regulation was discussed at the seventh Compliance and Anti-Money Laundering Seminar in Riyadh, Saudi Arabia recently. It was organised by leading sou

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For the 'unbanked', mobile money still has some way to go

Globally, an estimated 2.5 billion people don't have a bank account, but many own a cellphone, fuelling a race to turn these phones into bank books for the 'unbanked' to store cash, manage their accounts, make purchases and send and

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Sedco Capital plans to start feeder fund

Jeddah-based Islamic investment firm Sedco Capital plans to launch a Luxembourg feeder fund for its Gulf money market fund and is exploring ways to offer a Saudi-specific product to international investors, its lead fund manager said.

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Ethiopia launches mobile money schemes

Ethiopian banks and microfinance firms are launching mobile money services, helping reach swathes of the population that now have little access to branches or services, the mobile technology providers and banks said. The launch of

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Western Union launches self-service kiosks in UAE

The Western Union Company, a leading money transfer firm, has launched its automated self-service kiosks in the UAE, that will allow customers to pay bills and send money via easy-to-use touch screen terminals on a 24x7 basis. The

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15 convicted in $922m money-laundering racket in Bahrain

Fifteen men have been convicted of being part of a money-laundering racket that transferred up to BD350 million ($922.8 million) abroad. The group, including 11 managers and staff working for UAE Exchange, illegally sent the money

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