Arab Financial Services to increase US$98 million to support growth strategy

AFS started with offering travellers’ cheques followed by cards processing and evolved dynamically as a core payment processing, fintech, and merchant acquiring business. AFS has successfully laid the groundwork to drive its next chapter of growth with cutting-edge digital payment technologies. The shareholders are strongly committed to supporting this vision and are confident of the leadership’s capabilities to achieve it.

ClearTax stretches into Middle East and raises $75 million

Archit Gupta, said, “Government authorities across the Middle East are undertaking massive digital reforms to transform the economy in the next decade. This wave of digitization is resulting in rapid investments in this region from global tech giants.ClearTax has a solid product roadmap for Middle East and will launch a series of SaaS product suites in the next few quarters”.

Amazon Payment Services expands online payments acceptance in KSA with new partnership

Amazon Payment Services’ digital payment integration provides a safe and secure environment for receiving and processing client data. Cardholders with American Express can now shop items and services from Amazon Payment Services merchants and providers.

Entrust acquires Antelop Solutions, empowering digital financial card issuance

Antelop Solutions, a financial technology business that enables financial institutions to issue secure digital credit and debit cards to their clients, was acquired by Entrust in a formal agreement. Entrust can assist banks and financial institutions worldwide develop integrated, seamless digital and physical financial card and payment experiences for consumers by combining Antelop’s solutions with the Entrust card issuing portfolio.

UAE aesthetics clinic to receive remittance in cryptocurrency

“The Idoneus Platform will offer Skin111 Clinic clients a secure and efficient blockchain platform to make purchases at a fraction of the costs of traditional finance,” said Blaise Carroz, Vice President, Global Acquisitions, Idoneus