Tagged: mashreq bank

UAE based Mashreq Bank Completes Transition of Payments Division into Wholly-Owned Subsidiary

Mashreq Bank, a leading financial institution based in the United Arab Emirates, has completed the transition of its payments division into a wholly owned subsidiary, IDFAA Payment Services LLC, with a brand name NEOPAY, supported by Mashreq. NEOPAY, powered by Mashreq Bank, will reportedly leverage… Read More

UAE based Card Acceptance Provider Mashreq and Visa Offering Rapid Seller Onboarding Program

In what appears to be a first for the Central and Eastern European as well as the MENA region, Visa (NYSE: V) and Mashreq, a card acceptance service provider in the UAE, have teamed up to offer a “Rapid Seller Onboarding” program in the Middle… Read More

Federal Bank Joins Forces With Mashreq Bank to Offer Instant Money Transfers From UAE to India

  Federal Bank announced on Monday it has joined forces with UAE financial institution Mashreq Bank to facilitate money transfers from the UAE to India. According to Federal Bank, the partnership will support Mashreq’s payment product, QuickRemit. Federal Bank further revealed that the partnership will… Read More

Fintech Professional Claims that Digitization of the UAE Economy is Being Led by Individual Consumers, Not Service Providers

Sridhar Iyer, the Executive Vice President and Head of Mashreq Neo (the digital banking division launched in 2017), recently noted that the United Arab Emirates (UAE) has one of the highest smartphone or mobile Internet penetrations rates in the world. Iyer claims that the UAE’s… Read More

Dubai International Finance Center and UAE’s Mashreq Bank Are Promoting the Use of a Secure Blockchain-enabled KYC Data Sharing Solution

Dubai International Finance Center (DIFC) and Mashreq Bank, the oldest privately-owned bank in the United Arab Emirates (UAE) with over $2.2 billion in annual revenue, are trying to encourage  other banks in the Middle East to take part in a blockchain-enabled know-your-customer (KYC) data sharing… Read More

Wethaq Completes Pilot of First Fintech Sukuk, Uses R3 Corda

Wethaq Capital has announced that it has issued the first pilot Sukuk on its securities market platform for the Islamic capital markets under the supervision of the Dubai Financial Services Authority (DFSA). Wethaq is operating under an innovation testing license issued by the DFSA. Mohammed… Read More

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