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Amazon announced the launch of Amazon Payment Services, a payment processing service in the MENA region with a mission to empower businesses with simple, affordable, and trusted online payment experiences. The newly launched Amazon Payment Services provides secure online payment services that are easy-to-use, leveraging Amazon scalable and reliable technologies.

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Besides having dedicated programs to motivate partners to earn higher margins in the SMB space, D-Link’s extensive portfolio also houses end-to-end offerings around innovative technologies, right from smart solutions.

Dr. al-Binali is a seasoned financial services executive with 22 years of experience in investments and an entrepreneurial leader with a track record of financing, building and exiting companies in the MENA region. He was instrumental in facilitating the sale to Credit Suisse of a Saudi investment bank and the acquisition of the Zawya news agency by Thomson Reuters.

Visa's insights show that cash-only retailers have been most negatively impacted while merchants who moved online and adopted contactless payment systems have been able to better weather the economic adversity. Contactless payments usage in UAE and KSA, for example, grew by approximately 10% in Q2 2020 compared to Q1 2020

30 per cent of applications were from UAE based firms, demonstrating a strong pipeline of financial technology talent within the Emirates. 46 per cent came from the MENA region and 24 per cent were received from global firms.

Governments are now recognizing the importance of creating financial centres, not only to develop economies away from oil-based revenues, but also to improve the region’s standing in the world.

The project brings several benefits to Careem, its customers and captains, in addition to supporting the drive towards a cashless economy in the five countries. Most significantly, it will enable Careem’s captains to instantly access money they earn for both cash and non-cash transactions, instead of waiting days for the next payment cycle.