UnionPay International (UPI) has enabled card acceptance in 180 countries and regions, with issuance in more than 70 countries and regions, through partnerships with over 2500 institutions worldwide. UPI offers the world’s largest cardholder base high-quality, cost-effective, and secure cross-border payment services, as well as convenient local services to a growing number of global UnionPay cardholders and merchants.

SANTECHTURE’s product portfolio reduces universal pain points such as manual administration, erroneous documentation, poor financial tracking, and costly in-house billing processes, similar to how an app may help with operational efficiency and assistance. Four evolved and established software packages excel independently to meet bespoke requirements regardless of scale and complexities.

Since its inception in 2018, OPay’s active users have risen to 15 million across the dozens of markets in which it operates. On average, the company processes millions of transactions per day. Users in Nigeria, where OPay has a significant market share, have saved billions of dollars in the last four years through credit-linked savings accounts from their mobile wallets.

Finbots. AI, an Artificial Intelligence-envisioned firm bringing innovation to banks and financial institutions, announced the successful completion of a USD 3 million Series A round.

Red Hat, Inc., an open source solutions provider, announced that Riyad Bank, a financial institution in the Kingdom of Saudi Arabia (KSA), has implemented a hybrid cloud strategy based on Red Hat’s portfolio of open hybrid cloud technologies, including Red Hat OpenShift. Red Hat’s open innovation is a cornerstone of the bank’s efforts to accelerate digital service and product innovation and time-to-market.