“Port Designs,” a key provider of baggage and accessories for technology products, had its first face-to-face channel and distribution partner meeting in Dubai after the pandemic.

As part of the partnership, the companies will work together to launch credit cards with issuers all over the world using Zeta’s contemporary, cloud-native, and completely API-ready credit processing stack.

Mashreq has invested in NymCard, the Middle East’s Banking-as-a-Service provider, in order to promote the UAE’s thriving FinTech sector and the next generation of innovators, said a company statement. Through NymCard’s contemporary open APIs, it will enable fintechs of all sizes to establish business propositions that require payment card capabilities. The deal’s terms were not made public.

In the wake of the pandemic, banks throughout the world have been aggressively pursuing digital transformation in order to position and equip themselves to succeed in the post-COVID, digital-first future. As a result, the MENA banking sector is also undergoing deep changes, allowing regional banks to reconsider their old business models and take a major leap into the future.

Paul Taylor, said, “We are delighted that Al Rajhi Bank Malaysia has selected us to power their new bank. Al Rajhi Malaysia Bank has a considerable opportunity to launch an exceptional next-generation banking service – and we have no doubt they will succeed. We look forward to working together to deliver on their ambitious and exciting vision.”