Friday 31 March 2017
 
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payments

IBM, Visa team up for payments via IoT

IBM and Visa announced the industry’s first collaboration that brings the point of sale everywhere Visa is accepted, by allowing businesses to quickly introduce secure payments for any device connected to the Internet of Things (IoT).

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IBM, Visa team up for payments via IoT

IBM and Visa announced the industry’s first collaboration that brings the point of sale everywhere Visa is accepted, by allowing businesses to quickly introduce secure payments for any device connected to the Internet of Things (IoT).

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Swift explores blockchain in new payments initiative

Swift has announced the launch of a Proof of Concept (PoC) to explore whether distributed ledger technology (DLT) can be used by banks to improve the reconciliation of their nostro databases in real time, optimising their global liquidity.

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Saudi Arabia to pay dues by year-end

Saudi Arabia's government will pay by next month the money it owes private companies, a committee headed by Deputy Crown Prince Mohammed bin Salman was quoted as saying. The Council of Economic and Development Affairs came up

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Saudi Arabia to pay dues by year-end

Saudi Arabia's government will pay by next month the money it owes private companies, a committee headed by Deputy Crown Prince Mohammed bin Salman was quoted as saying. The Council of Economic and Development Affairs came up

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Saudi payments to contractors will increase soon, says minister

The payments to contractors working on mega projects in Saudi Arabia have been regularised and will rise in the coming period, said a report citing the kingdom's finance minister. Ibrahim Al Assaf pointed out that delays in st

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Saudi adopts Gregorian calendar for payments

Saudi Arabia has decided to switch from the Hijri calendar to Gregorian calendar for payment of salaries, wages, bonuses and allowances to all civil sector employees. The decision will be effective from October 1 and has been done

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Dubai to host top payments industry event

Dubai has been chosen as the venue for the leading payments event PayExpo Mena, which will be take place from December 5 to 7. PayExpo Mena (www.payexpo.com/mena) will gather over 1,000 industry leaders from the entire payments chain fr

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Mastercard unveils new mobile application

Mastercard, a leading technology company in the global payments industry, has launched its new mobile application for card products -Mastercard For You. Available for free on both Apple and Android devices, Mastercard For You is a

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Saudi Oger faces multi-billion-dollar debt restructuring

The Saudi Arabian government has ended talks aimed at saving construction giant Saudi Oger, which is now facing the prospect of a multi-billion-dollar debt restructuring to stave off collapse, according to sources aware of the matter.

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