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TerraPay secures in-principle approval for MPI license from Monetary Authority of Singapore


TerraPay, a payments infrastructure company, has been approved by the Monetary Authority of Singapore (MAS) in principle for a Major Payments Institution (MPI) license, becoming a regulated payments company best. TerraPay’s global customers and businesses can access its vast network through this coveted MAS endorsement, enabling fully compliant, affordable, and transparent cross-border remittances. . It

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Mastercard uses AI to flag real-time payment fraud for UK banks


Mastercard is fighting fraudsters with its AI-powered ‘Consumer Fraud Risk’ solution, now available in the UK. Leveraging Mastercard’s artificial intelligence capabilities and a network view of account-to-account payments, it helps banks predict and prevent fraudulent payments of any kind. In partnership with nine UK banks, including Lloyds Bank, Halifax, Bank of Scotland, NatWest, Monzo and

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Mastercard and NAPS Collaborate to Drive Digital Payment Innovation in Morocco


Mastercard has partnered with Moroccan financial technology NAPS to drive innovation in Morocco’s digital payments landscape. This partnership also builds on the pair’s strong historical relationship and aims to develop innovative payment solutions for individuals and businesses. NAPS, on a mission to expand the reach of digital payments in Morocco, brings together the M2M Group’s

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Mastercard extends partnership with Banque Misr in Egypt


Building on their successful strategic partnership, Banque Misr has signed a long-term partnership agreement with Mastercard to provide the bank with the latest in digital payment technology to deliver products, services and solutions. New innovative solutions for customers, all segments and for digital support. advanced solutions have a competitive advantage. As part of this partnership,

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PALAZZO VERSACE DUBAI PARTNERS WITH BINANCE TO ACCEPT CRYPTO PAYMENTS


Palazzo Versace Dubai will now allow guests to pay for dining, stays and spa experiences with cryptocurrencies. The accepted cryptocurrencies include BNB, Bitcoin, and Ethereum. The Binance payment gateway will be used for the transactions. “Accepting cryptocurrencies as payments is yet another innovative step that we have taken towards making our business future-ready,”      

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KOHO AND MASTERCARD COLLABORATE TO OFFER NEW PRODUCT TO CANADIANS


KOHO Financial Inc. recently announced that it has partnered with Mastercard to offer improved services and an all-around better customer experience to its clients. With one simple mission: to find better financial solutions for all Canadians, this new partnership will help KOHO get one step further to reaching that goal. The partnership, announced recently, will mean an

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MASTERCARD STRENGTHENS ITS MENA LEADERSHIP TEAM


Mastercard announced the appointment of Adam Jones to lead its operations across the Middle East and North Africa (MENA) Central cluster in his new role as Country General Manager. Adam is responsible for Saudi Arabia, Egypt, Jordan, Lebanon, Bahrain, and Iraq markets. “I am delighted to be part of Mastercard’s journey with this new role

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MASTERCARD CERTIFIES NYMCARD AS PRINCIPAL MASTERCARD ISSUER IN UAE


Mastercard has certified NymCard, a plug-and-play banking-as-a-service (BaaS) provider, as a Principal Mastercard Issuer in the UAE. The milestone announcement marks the first time a FinTech in the UAE is licensed to issue cards by Mastercard. The license from Mastercard enables NymCard to become the UAE’s one-stop provider for FinTechs and digital partners, removing the need

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MASTERCARD LEADS A $40 MILLION ROUND IN SAUDI ARABIA’S HYPERPAY


Mastercard, a technology leader in the global payments industry, has announced a strategic partnership with Saudi Arabia-based HyperPay, the fastest growing e-commerce payments services provider in the Middle East and North Africa (MENA), to drive the adoption of digital payment solutions across the region. As part of the partnership, Mastercard will make a strategic investment

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OPAY ADDS VIRTUAL MASTERCARD TO WALLET


Mastercard and fintech giant OPay today announced a strategic partnership, which marks a significant boost for wider financial inclusion and economic prosperity by opening up digital commerce to millions of people across the Middle East and Africa. The collaboration enables OPay consumers and merchants in the region – including Algeria, Morocco, Egypt, Nigeria, Ethiopia, Kenya,

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BONIFII SELECTS MASTERCARD AS PREFERRED OPEN BANKING PROVIDER


Bonifii today announced that it has selected Mastercard, through its wholly-owned subsidiary Finicity, as the preferred open banking provider for its Member Pass credit unions to access consumer-permission bank data, to inform underwriting for different loan types across mortgage, auto, personal and small business. MemberPass, powered by Bonifii, is a digital ID that uses distributed