Saturday 19 April 2014
 
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Expert presents new mobile payment system

An expert presented a new system at a New York summit aimed at achieving the universal acceptance of mobile payment to increase its utilisation.   Mobile payment expert Sammy Tuffaha affirmed the imperative need

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Iran asks India for $1.5bn oil payments

Iran has asked India for $1.5 billion in back oil payments under the nuclear deal that provides Tehran some relief from Western sanctions, Indian sources with direct knowledge of the matter said. If the payments are approved, this

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Etisalat unveils smartphone purchase plans

Etisalat, the UAE’s leading telecom services provider, has unveiled 12-month easy payment plans for the purchase of the latest smartphones, with zero interest. The operator has tied up with Abu Dhabi Commercial Bank, Emirate

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Etisalat, Dubai Police offer payment solutions

UAE-based telecom operator Etisalat has partnered with Dubai Police to offer easier payment solutions to customers. Under the new deal, which was signed at Gitex Technology Week being held in Dubai till October 24, Etisalat will p

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Swiff m-payment solution wins Visa approval

Swiff, SCCP Group’s innovative mobile payment solution, has received approval for its Chip & PIN solution for use with Visa payments through the Visa Ready Program.    The Swiff mobile payment Chip

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EMP hosts electronic payments conference

Emerging Markets Payments (EMP), a leading electronic payments company in the Middle East and Africa (MEA), recently hosted Jordan’s first Payment Acceptance Conference. The one-day event, organised by the Central Bank of Jo

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Citibank Bahrain, BFC in payment deal

Citibank Bahrain and Bahrain Financing Company (BFC) have partnered to offer one of the largest credit card and loan payment platforms to customers. The partnership allows Citibank customers to make their monthly credit card and l

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Iran asks India to settle oil payments in rupees

Iran has asked India to settle all oil trade including $1.53 billion owed to Tehran in the partly convertible rupee as the sanctions-hit nation cannot find an alternative payment channel, industry and government sources in Delhi said.

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Zain Saudi to defer $1.49bn licence fee payment

Indebted telecoms operator Zain Saudi has received government approval to defer licence fee payments totalling $1.49 billion over seven years, sending its shares on Monday to an eight-month high. The rescheduled payment will be tr

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Mena fastest growing e-commerce region

The Middle East and North Africa represents the fastest growing e-commerce region worldwide with an estimated 45 per cent year-on-year growth in its value which soared to $15 billion in 2012 from $10 billion the previous year, said a study condu

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