Cashew Payments launches QR codes for retailers across the region

Through a three-step sign up at the point of sale, the fintech startup has introduced a QR-code based experience that allows users to acquire credit approval instantly. They see codes as beneficial to both businesses and consumers; instant and contactless customer touchpoints will allow all customers to scan the code, register, and choose to split their payments on the spot.

Policybazaar integrates with AECB to implement real-time Credit Score eligibility checks

The integration will offer policybazzar customers convenient access to their AECB credit scores on Policybazaar.ae platform. This integration lays out an analytical framework for customers in UAE to make informed financial decisions while having immediate access to their financial information. After knowing their actual credit history, customers can create different credit scenarios by evaluating themselves before making their next purchase.

Hackers could force locked iPhones to make contactless payments

When carrying out a payment via a smartphone app, the user has to authenticate the transaction using either one of the iPhone’s built-in biometric authentication features, or punch in a PIN code, reducing the threat of relay attacks. However, in May 2019 Apple introduced the “Express Transit/Travel” feature that allows Apple Pay to be used without unlocking the phone.

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.

Fintech start-up PayBy launches ‘Send Paylink’ for quicker and cashless sales

It simplifies payments and diversifies revenue streams for all kinds of UAE businesses, including pharmacy chains with existing payment systems – any PayBy merchant can create a payment link on POS to send to their customers.