BAHRAIN: Batelco Financial Services, a subsidiary of Batelco, has been granted a full operating license by the Central Bank of Bahrain (CBB). Batelco is the first telecom company in the GCC to have received licenses for open banking (Account Information Service Provider, Payment Information Service Provider), as well as payment service provider and card processor,…
Tag: Open Banking
Mode Global Holdings to launch novel payments and loyalty solution
LONDON: Mode Global Holdings is set to launch its novel payments and loyalty solution powered by Open Banking in Q2 2021, providing merchants with an alternative to rising card interchange fees and boosting loyalty amongst consumers, a news release said. Since Mastercard announced its plan to increase card payment fees, Mode has announced it will…
Ping Identity releases CDR sandbox to fast-track open banking adoption in Australia
MELBOURNE: Ping Identity, the intelligent identity solution for the enterprise, announced the release of its Australian Consumer Data Right (CDR) sandbox environment to allow banks and FinTech companies to jumpstart their CDR compliance efforts. Under CDR rules, financial institutions must provide customers with greater access and control of their data. The aim is to make…
Upco International signs pact with Token Open Banking Platform
VANCOUVER: Upco International Inc. has reached an agreement with Token.io to leverage its open banking platform for mobile transaction processing. Under the terms of the agreement, UpcoPAY, an extension of Upco Mobile Messenger, will use Token Pay to enable the delivery of account-to-account (A2A) transfer services and account-to-merchant (A2M) payment services. Token.io is a leading…