People, businesses, and even governments exchange money to trade goods or services. This exchange is called a payment. Meanwhile, the stakeholders involved in facilitating these payments make up the payment industry. In this article post, we take you through how payments are made, with a deep dive into how cards are used and processed as a payment instrument. We’ll also touch on how payments in Saudi Arabia are processed and how Stitch can help stakeholders build payment products. 🔗 https://lnkd.in/dgMyHCu7 #saudiarabiapayments #KSA #DigitalTransformation #cardpayments
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The UAE’s Bold Leap Towards a 'Less Cash' Payment Ecosystem In our interview with Andrew McCormack, COO of Al Etihad Payments, we explored the UAE's transition toward a cashless economy, the focus and priorities of Aani payments, and its future roadmap. We also discussed the introduction of Jaywan, a significant milestone for the UAE, and the nation's plans to implement further innovations to create a safe and secure payment ecosystem. Andrew shared insights on how various financial institutions view these developments. Check out this engaging interview, where Integrator poses thought-provoking questions, and Andrew offers intriguing glimpses into the future of our financial ecosystem. Loredana Matei (Matthews) Ashwin Gedam #aletihadpayments #cashlesseconomy #jaywan #financialintegrator
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Multi Exit Founder-Advisor to companies entering the Kingdom of Saudi Arabia- CEO Founders Club International
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Open Banking Payments are here: A Game Changer for Businesses in Saudi Arabia The Saudi Arabian Monetary Authority (SAMA), this week, announced the Open Banking Payments (PIS) framework, and it's set to revolutionize the way payments are handled in KSA. Open Banking Payments are: - Faster ⚡ : Near real-time processing using the Sarie network - Cost-effective 💰 : Significant reduction in transaction costs vs. traditional methods - More Secure 🔐 : Bank-grade security and strong customer authentication - Versatile 🌟 : Enables a wide range of use cases, from e-commerce payments and wallet top-ups to subscription payments and loan repayments. At Spare, we are thrilled about the opportunities that Payment Initiation Service(PIS) offers for the businesses in KSA. Interested in learning more and planning your Open Banking journey? The Spare team is here to help! Contact us today at hello@tryspare.com. #OpenBanking #Payments #SaudiArabia #Fintech #Innovation
Payment Initiation Service (PIS)
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Driving Growth through Strategic Marketing & Targeted Outreach Solutions | Digital Relations Consultant @SkipCash | Founder & CEO @Gambit Consulting | Egypt, MENA, GCC
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Empowering Seamless Cross-Border Payments in MENA🌍 💸. 🌍 We’re transforming the way cross-border payments to Egypt happen from around the globe. Our API solutions offer speed, security, and efficiency, making sending money easier for everyone. With a special focus on remittances to Egypt, we're proud to enable vital financial flows. Empowering Seamless Cross-Border Payments in MENA 🌍 We’re transforming the way cross-border payments to Egypt are made from all over the globe! With our API solutions, we offer unmatched speed, security, and efficiency, making sending money easier for everyone. 💸 Our focus on remittances to Egypt enables critical financial flows to support families, businesses, and economic growth. 🌱 Whether you’re an individual or a business, you can rely on us for fast and secure transfers, empowering the future of payments in MENA.
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Product Manager - Product Development and Engineering at Mastercard | New Payments Platform - Cross Border Payments | Real Time Payments | Cross Border REST API's | SWIFT MT / ISO 20022 Messages
LIN 334 : UAE's Instant Payment System Al Etihad Payments: Aani Instant Payments Platform Introduction to AANI : A Central Bank of the UAE initiative powered by Al Etihad Payments, provides instant 24/7 local transfers. launched in October 2023 with 10 participants With Aani, you can send and request money using mobile numbers without the need to exchange bank account numbers or IBANs. As an open loop payment system, Aani simplifies the payment process by using only the recipient's mobile number, email, or a QR code, thus eliminating the need to ask for or remember complex IBANs Transfer Limit : 50000 AED Process Time : 10 Seconds Features : 1. Instant Payments : Send Money, Receive funds , Split a bill 2. Request Money : Easily request money from registered Aani Participants 3. Split Bill : Split a bill with others by sending request to your contacts or by sending QR Code 4. Manage Request : Manage requests by accepting , rejecting or cancelling them 5. QR Code Payments : Scanning QR and transferring payment in few seconds Source : aletihadpayments.ae
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Driving Growth through Strategic Marketing & Targeted Outreach Solutions | Digital Relations Consultant @SkipCash | Founder & CEO @Gambit Consulting | Egypt, MENA, GCC
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🚀Why Payment Aggregators in KSA Are a Game-Changer for Modern Businesses🚀 In Saudi's fast-paced business world, simplicity and efficiency are key. That’s why payment aggregators are becoming the go-to choice for many entrepreneurs. 1. Seamless Integration 💻 Payment aggregators offer quick and easy integration with popular e-commerce platforms and payment systems. Get up and running in no time without complex setup procedures! 2. Lower Barriers to Entry💡 No need for a separate merchant account! Aggregators handle this for you, reducing upfront costs and simplifying the process. 3. Built-In Features 🔒 Advanced fraud prevention and robust customer support are often included, giving you peace of mind and a solid support system. 4. Scalability 📈 As your business grows, so does your payment solution. Aggregators offer scalability and adaptability, keeping you ahead with the latest payment technologies. 5. Convenience 🛠️ Benefit from a unified dashboard to manage transactions, reporting, and reconciliation, plus pre-built integrations for popular platforms. Payment aggregators streamline payment processing, allowing you to focus on what matters most ... growing your business. #payment #mada #visa #fintech #tech
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