September 30, 2020
ACI and Mastercard to collaborate and provide real-time payment solutions
ACI Worldwide and Mastercard announced that they will partner to provide a wide range of real-time payment solutions globally. They will initially collaborate to offer best-in-class central infrastructure, payments localization and access solutions to central banks, scheme operators, financial institutions, payment service providers, and other organizations launching real-time payments initiatives.
September 29, 2020
Northern Trust makes two senior appointments to it MEA executive team
Northern Trust announces it has made two senior appointments to its Middle East and Africa asset servicing business. The new positions, based in Abu Dhabi, United Arab Emirates, support Northern Trust’s continued business growth across the region, and follow the expansion of its senior management team in Saudi Arabia, announced earlier this month.
September 29, 2020
Kuwait Steel digitally transforms with SAP to boost manufacturing growth
Kuwait Steel (United Steel Industrial Company), has said that its digital transformation with global technology company SAP is enabling new levels of manufacturing efficiency and productivity. Johan Henning, CIO, Kuwait Steel and SAP made the statement during the recent Digital Transformation (DX) event, which brought together Kuwait’s business and technology leaders.
September 29, 2020
The future of brick-and-mortar retail is omnichannel
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