The United Arab Emirates’ Mashreq Bank is working with Visa on a digital reconciliation platform that can track, trace and analyze company expense accounts, The FinTech Times reported. The partnership between the digital-first bank and the credit card giant has led to the launch of...
For UAE's 90 percent expatriate population, sending remittances back home often means paying exorbitant fees and dealing with glacial processing times. But use of local switches and remittance-as-a-service has a real potential in disrupting the old ways of remitting money, according Mashreq Bank’s Executive Vice...
Cross-border payments are expected to hit $39 trillion by 2022, with $572 million worth of payments consisting of remittances sent from migrant workers to their families abroad. These payments can be painstakingly difficult to process, however, with excessive fees and sluggish payment speeds that many...
After bolstering its presence in the U.S., Australia, and Canada, Visa is now eyeing new markets with its latest partnership with UAE’s largest financial institution Mashreq. With the partnership, Visa is now enabling Mashreq cardholders in the Central Europe, Middle East and Africa region to...
June 08, 2020
Cross-border payments are expected to hit $39 trillion by 2022, with $572 million worth of payments consisting of remittances sent from migrant workers to their families abroad. These payments can be painstakingly difficult to process, however, with excessive fees and sluggish payment speeds that many migrant workers cannot afford. Many of the problems associated with […]
June 28, 2022
The Dubai International Financial Centre (DIFC) has chosen the open banking platform Tarabut Gateway as the preferred technical platform partner for its new Open Finance Lab, formally launching Tuesday (June 28), according to a press release. The UAE’s Open Finance Lab initiative is a six-month program with four banks and a FinTech company participating — […]
October 26, 2021
The United Arab Emirates’ Mashreq Bank is working with Visa on a digital reconciliation platform that can track, trace and analyze company expense accounts, The FinTech Times reported. The partnership...
May 29, 2015
After bolstering its presence in the U.S., Australia, and Canada, Visa is now eyeing new markets with its latest partnership with UAE’s largest financial institution Mashreq. With the partnership, Visa...
