Today in payments around the world, First Abu Dhabi Bank is selling its stake in payments division Magnanti and PayMyTuition partners with dLocal on international tuition payments. Plus, KYODIA and Western Union team up on cross-border B2B money transfers and FAT Brands is opening 70...
First Abu Dhabi Bank (FAB), a public joint stock company and the largest bank in the United Arab Emirates (UAE), is looking to sell a stake in its estimated $1 billion payments division Magnati, Bloomberg reported. The report said that FAB is collaborating with Morgan...
Today in B2B payments, VersaPay explores payment processing. Plus, Transfix is teaming with TriumphPay, Xendoo is collaborating with Gusto and Emirates Development Bank (EDB) has implemented a memorandum of understanding with First Abu Dhabi Bank (FAB). B2B Payments Digital Makeover Must Include Clearing Payments Processing ‘Blind Spots’...
As part of its commitment to back the small to medium-sized business (SMB) environment in the United Arab Emirates (UAE) and contribute to the nation’s diversification aims, Emirates Development Bank (EDB) has effected a memorandum of understanding with First Abu Dhabi Bank (FAB) on credit...
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 — […]
September 07, 2021
First Abu Dhabi Bank (FAB), a public joint stock company and the largest bank in the United Arab Emirates (UAE), is looking to sell a stake in its estimated $1...
