Saturday 5 September 2015
 
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payments

Kurdistan says to allocate up to $100m for oil firms in Sept

Iraq's Kurdistan region said it expected to begin making regular payments to oil-exporting companies in the first half of September, sending shares in those firms up as high as 17 per cent in early trade.   T

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Tamkeen launches online payment system

Tamkeen, Bahrain’s labour fund, has shifted to an electronic payment system to expedite payments to customers and vendors, who will now receive funds directly into their bank accounts. The shift to the new system, effective

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Gulf Keystone gets payments for Shaikan crude

Gulf Keystone Petroleum said it had received further payments on recent contracts, helping prop up its cash position, and continued to progress towards a regular payment cycle for the oil it produces.   Shares in

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SWIFT offers global platform for regional services

SWIFT, a global provider of secure financial messaging, is making its reference data platform available for national reference data collection and maintenance services, building on its payments reference data platform, SWIFTRef. T

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UAE Exchange remittances top $25 billion

UAE Exchange, the leading global money transfer, foreign exchange and payment solutions brand, said it handled $25.4 billion in remittances in 2013 and has a share of 6.1 per cent of the global remittance volume. Celebrating the b

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PayPal, Samsung enable biometric mobile payment

PayPal and Samsung have announced a collaboration that will make Samsung Galaxy S5 users the first to be able to login and shop at any merchant that accepts PayPal on mobile and in-stores with only their fingerprint. The new secur

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BNY Mellon in new global payments infrastructure

The Bank of New York Mellon (BNY Mellon), a global leader in investment management and investment services, began a new era in its treasury services business with the launch of a new global payments infrastructure. The payments in

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Europe to cut the cost of paying by card

The European Commission proposed on Wednesday to cap fees banks charge when processing card payments, potentially cutting costs for shoppers. The draft legislation will also prevent companies such as airlines, for example, from im

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Europe to cut the cost of paying by card

The European Commission proposed on Wednesday to cap fees banks charge when processing card payments, potentially cutting costs for shoppers. The draft legislation will also prevent companies such as airlines, for example, from im

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Iran denies missing World Bank payments

Iran denied on Sunday it had failed to make payments on its loans to the World Bank for the last six months, blaming Western sanctions for preventing an intermediary from forwarding funds to the global lender, Iran's IRNA state news agency s

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