Wednesday 26 November 2014
 
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payments

UAE Exchange remittances top $25 billion

UAE Exchange, the leading global money transfer, foreign exchange and payment solutions brand, said it handled $25.4 billion in remittances in 2013 and has a share of 6.1 per cent of the global remittance volume. Celebrating the b

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PayPal, Samsung enable biometric mobile payment

PayPal and Samsung have announced a collaboration that will make Samsung Galaxy S5 users the first to be able to login and shop at any merchant that accepts PayPal on mobile and in-stores with only their fingerprint. The new secur

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BNY Mellon in new global payments infrastructure

The Bank of New York Mellon (BNY Mellon), a global leader in investment management and investment services, began a new era in its treasury services business with the launch of a new global payments infrastructure. The payments in

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Europe to cut the cost of paying by card

The European Commission proposed on Wednesday to cap fees banks charge when processing card payments, potentially cutting costs for shoppers. The draft legislation will also prevent companies such as airlines, for example, from im

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Europe to cut the cost of paying by card

The European Commission proposed on Wednesday to cap fees banks charge when processing card payments, potentially cutting costs for shoppers. The draft legislation will also prevent companies such as airlines, for example, from im

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Iran denies missing World Bank payments

Iran denied on Sunday it had failed to make payments on its loans to the World Bank for the last six months, blaming Western sanctions for preventing an intermediary from forwarding funds to the global lender, Iran's IRNA state news agency s

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Visa launches premium card in Mideast

Visa, the leading global payments technology company, has launched its exclusive Visa Signature premium card in the Middle East region. The newly-introduced premium card focuses on providing an affluent segment of customers with a

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Visa launches online payments tool for banks

Visa has launched an online software tool that offers an array of features to allow banks to get to the information they need quickly in order to better manage their electronic payments business. VisaVue Online (VVO) was launched

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Dana Gas upbeat on payments

Egypt is paying Dana Gas for all fuel it is receiving from its operations in the north African country and the UAE-based company is optimistic outstanding payments will be settled, a Dana Gas board member said yesterday. Economic

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French payments firm opens Bahrain branch

Paris-based Galitt, the payment systems and secure electronic transactions consultancy, has opened a new branch in Bahrain in a move to expand its Middle East operations. “The Gulf region is prone to innovation and many projects d

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