Nuvei secures UAE license. Nuvei Corporation, the Canadian FinTech company, announced that it has secured an in-principle approval for a Retail Services Category II License from the Central Bank of the UAE, representing an important strategic expansion into the United Arab Emirates (UAE) and fortifying its global presence and commitment to the Middle East and North Africa (MENA) region. The UAE is a crucial market for Nuvei’s global customers due to its rapidly growing eCommerce sector, which is projected to surpass $10 billion in revenue by 2029 with an annual growth rate (CAGR 2024-2029) of approximately 9%1. The Retail Services Category II License enables Nuvei to offer its comprehensive suite of payments technology to businesses operating in the thriving UAE market, including direct local acquiring, payment aggregation services, and domestic and cross-border fund transfers. Through direct local acquiring, Nuvei gains greater control over the payment life cycle, ensuring further optimized payment acceptance rates and lower processing costs for its customers. Source: https://lnkd.in/e8m_Strs Sign up for more news updates like this in our daily newsletter: https://lnkd.in/eskQx7Ym #payments #paymenservices #paytech #paymentindustry #fintech #financialtechnology #financialservices
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The UAE's latest fintech addition – du, operated by the Emirates Integrated Telecommunications Company (EITC), has secured licenses from the UAE Central Bank to deliver financial services through digital channels. This move signifies EITC's position as a frontrunner in the region's evolving fintech landscape and emphasizes the UAE's dedication to nurturing innovation, competition, and financial inclusion in its journey towards a cashless society. With these licenses in hand, du is poised to offer a diverse range of digital financial services tailored to meet the evolving preferences of customers in today's digital age. The company's stock price on the Dubai Financial Market (DFM) currently stands at Dh5.94, nearing its 52-week high of Dh5.95. The digital fintech sector is witnessing robust growth across various fronts, including remittances, peer-to-peer transactions, and business-to-business interactions. The UAE's introduction of the 'Aani' platform, which provides numerous digital payment options, reflects the increasing shift away from cash and cheques towards online payment methods among businesses and residents alike. EITC's objective is to empower individuals and businesses with seamless, secure, and efficient financial solutions that streamline their transactions and cater to their diverse needs. Furthermore, EITC already boasts a substantial digital presence offering various financial services, including remittance services. Notable players in this space include Astra Tech through its Botim app and Careem, which continues to expand its service offerings through its app. Several banks are also actively collaborating with digital payment platforms, particularly in the Buy Now Pay Later segment, which is expected to witness heightened activity, including potential mergers and acquisitions, following the recent regulatory changes implemented by the UAE Central Bank. #collaboration #financialsolution #digitak #regulatary #fintech #uae #applications
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In Brussels 🇧🇪, Thierry Laborde closes the morning dedicated to payments organized by BNP Paribas in BNP Paribas Fortis headquarters. ✔️Payments : a key point of BNP Paribas strategy (with mobility and savings) ✔️BNP Paribas is the European leader in corporate cash management ✔️A presence all over the value chain (clients bank, clearing, merchant banks) with industrial platforms (SCT, SCT Inst, SDD, international transfers, card processors) ✔️A full-fledge offer for merchants : Axepta BNP Paribas ✔️A European footprint : 3 billion transactions acquired in 2022 ; 4,1 billion SCTs and SDDs processed in 2022 ; 3,6 billion transactions on client cards in 2022 ; +37% instant payment processed in 2022 vs 2021 ✔️Action plan => Card acquiring : +65% (2021 vs 2025) ; card issuing : +45% (2021 vs 2025) ; instant payment : ×10 (2021 vs 2025) ; "Instant payment engine" : European group platform on BNP Paribas Cloud ; "Panto" : new payment institution addressing marketplaces (to be launched Q2 2024) #payments #innovation #finance #bank #fintech PARTELYA CONSULTING European Women Payments Network (EWPN) AEFI Asociación Española de FinTech e InsurTech AFIP - FinTech and InsurTech Portugal CLUB ITALIE-FRANCE AFTE Finance Mag The PAYTECH Book Portuguese Women in Tech Merchant Payments Ecosystem
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In Banque de France today for the Forum Fintech ACPR AMF 2023. Among the topics : ✔️Finance and environment ✔️AML ✔️MiCA ✔️Payment services #innovation #finance #payments #bank Autorité de contrôle prudentiel et de résolution (ACPR) Autorité des marchés financiers (AMF) – France PARTELYA CONSULTING European Women Payments Network (EWPN) AEFI Asociación Española de FinTech e InsurTech AFIP - FinTech and InsurTech Portugal CLUB ITALIE-FRANCE AFTE Finance Mag The PAYTECH Book Portuguese Women in Tech Merchant Payments Ecosystem
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Senior Director @ FIS | Global experience in Banking & Payments - Product Development , Implementation and Operations
What does #paymentprocessing in the #UAE mean to Worldpay? The expansion of our #payment capabilities represents a significant step forward in offering our payment services to UAE businesses, while also facilitating connections for our international clients to thrive in the dynamic Middle East market. Learn more by listening to our interview with James Fry, VP Global Strategic Expansion. He explains how committing to geographic expansion and continuous product enhancement allows Worldpay to expand our reach in parallel with businesses like yours. #GeoExpansion #DigitalPayments #ECommerce #FinTech #UAECommerce
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What does #paymentprocessing in the #UAE mean to Worldpay? The expansion of our #payment capabilities represents a significant step forward in offering our payment services to UAE businesses, while also facilitating connections for our international clients to thrive in the dynamic Middle East market. Learn more by listening to our interview with James Fry, VP Global Strategic Expansion. He explains how committing to geographic expansion and continuous product enhancement allows Worldpay to expand our reach in parallel with businesses like yours. #GeoExpansion #DigitalPayments #ECommerce #FinTech #UAECommerce
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What does #paymentprocessing in the #UAE mean to Worldpay? The expansion of our #payment capabilities represents a significant step forward in offering our payment services to UAE businesses, while also facilitating connections for our international clients to thrive in the dynamic Middle East market. Learn more by listening to our interview with James Fry, VP Global Strategic Expansion. He explains how committing to geographic expansion and continuous product enhancement allows Worldpay to expand our reach in parallel with businesses like yours. #GeoExpansion #DigitalPayments #ECommerce #FinTech #UAECommerce
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What does #paymentprocessing in the #UAE mean to Worldpay? The expansion of our #payment capabilities represents a significant step forward in offering our payment services to UAE businesses, while also facilitating connections for our international clients to thrive in the dynamic Middle East market. Learn more by listening to our interview with James Fry, VP Global Strategic Expansion. He explains how committing to geographic expansion and continuous product enhancement allows Worldpay to expand our reach in parallel with businesses like yours. #GeoExpansion #DigitalPayments #ECommerce #FinTech #UAECommerce
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As part of Worldpay's geographic expansion, we're doing some exciting things in the Middle East, particularly when it comes to the UAE and helping our merchants increase their approval rates and drive down their costs through using our domestic licence. The below gives a good overview of some of the payment innovations happening within the UAE, especially when it comes to the digital economy and what the UAE are doing to drive digital innovation #GeoExpansion #DigitalPayments #ECommerce #FinTech #UAECommerce
What does #paymentprocessing in the #UAE mean to Worldpay? The expansion of our #payment capabilities represents a significant step forward in offering our payment services to UAE businesses, while also facilitating connections for our international clients to thrive in the dynamic Middle East market. Learn more by listening to our interview with James Fry, VP Global Strategic Expansion. He explains how committing to geographic expansion and continuous product enhancement allows Worldpay to expand our reach in parallel with businesses like yours. #GeoExpansion #DigitalPayments #ECommerce #FinTech #UAECommerce
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What does #paymentprocessing in the #UAE mean to Worldpay? The expansion of our #payment capabilities represents a significant step forward in offering our payment services to UAE businesses, while also facilitating connections for our international clients to thrive in the dynamic Middle East market. Learn more by listening to our interview with James Fry, VP Global Strategic Expansion. He explains how committing to geographic expansion and continuous product enhancement allows Worldpay to expand our reach in parallel with businesses like yours. #GeoExpansion #DigitalPayments #ECommerce #FinTech #UAECommerce
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Helping my clients find innovative solutions to automate, innovate, and dominate their space.
What does #paymentprocessing in the #UAE mean to Worldpay? The expansion of our #payment capabilities represents a significant step forward in offering our payment services to UAE businesses, while also facilitating connections for our international clients to thrive in the dynamic Middle East market. Learn more by listening to our interview with James Fry, VP Global Strategic Expansion. He explains how committing to geographic expansion and continuous product enhancement allows Worldpay to expand our reach in parallel with businesses like yours. #GeoExpansion #DigitalPayments #ECommerce #FinTech #UAECommerce
CEO of LendAPI
3wSeth Sadeq