Monday, January 30, 2023
  • Home
  • TechBooky
  • Business
  • TV
  • Startup
TechBooky Africa
  • Home
  • TechBooky
  • Business
  • TV
  • Startup
  • Fintech/Finance
  • Login
No Result
View All Result
TechBooky Africa
Home Fintech/Finance

The Arab Monetary Agency Signed an MoU Policy with Local FinTech Providers to Advance Interconnected Payment Gateway Transition in Africa.

To advance the African digital economy to promote instant payment systems.

Eni by Eni
April 23, 2022
in Fintech/Finance
0

The organized Arab league of systemic fintech regulators is dedicated to managing the “digital payment clearing and settlement” monetary system. The Board of the Arab Monetary Fund unveils a developed intranet payment gateway for the MENA population and across Africa. The Arab League of FinTechs such as the Arab Monetary Fund (AMF), Pan-African Payments and Settlement System (PAPSS), the African Export-Import Bank (AFREXIMBank), and the Buna payment platform commune to sign an MoU for domestic digital payment inclusion.

Related posts

Amazon & Stripe

Stripe & Amazon Iterated Partnership Deal Will Integrate FinTech & Cloud Services For Global Penetration.

January 25, 2023
Kuda Bank

The SBP Issues Kuda Bank FinTech License to Operate In Pakistan.

January 24, 2023

The interoperable by nature Arabic payment gateway generated an intranet blueprint for local digital payment service providers to accelerate innovative Arab currencies transactions as settlement currencies alongside other African cross-border currencies. The enlisted intranet of payment platforms processes an autonomy of settled cross-border payments unlimited to both local and international currencies.

The Board of the Arab Monetary Fund, director-general, Dr. Abdulrahman A. Al Hamidy, highlight the collaboration of the Arab League “and presents an exemplary model of the leading role that the AMF and Afreximbank can play by working together to enable efficient access to payments, in line with the “G20 roadmap” to enhance cross-border payments. Buna’s success to establish interoperability with regional market infrastructure like PAPSS is another key milestone in Buna’s continuous efforts to expand its regional and global network and increase the value it brings to its participants. We also take this opportunity to express our gratitude to the Arab Bank of Economic Development in Africa (BADE) for its support in establishing this partnership between the AMF and Afreximbank.”

 

What you need to know about the Arabian MoU:

  • The MoU certifies the Arab league participating members and officiates a divisible operational role to members to process secure, efficient, and instant payment transactions unlimited to currency diversity.
  • The MoU serves as a collaborative approach for the Arab FinTechs to experience simultaneous development growth per the autonomous contribution of digital resources.
  • The MoU serves as a strategic business initiative to advance the intravenous indulgence of commercial investment inclusion by members of the commune Arab league and the African population.
  • The MoU commune with the Arab league as a unified payments gateway that also advances remittance relationships between participants and is suitable for other African populations.
  • The MoU poses as a frontier for members to project a joint expansion scheme intravenous to Africa with regards to further global expansion.
  • The MoU serves as an innovative experience to advance the intravenous trading and investment approach in the African and the Arab region as a start point.

AFREXIMBank president, Professor Benedict Oramah also commend Hamidy’s response to MoU the Arab league communed to accelerate the continental transition toward high-end digital payment innovation. “The Arab World and Africa have a long history of trade relations and the PAPSS- BUNA partnership will further facilitate the growth of trade between the two regions, The integration will enable the banks across Africa and the Arab World to have a seamless and one-stop center for supporting their clients to transfer value to their counterparts from either region”

Total
0
Shares
Share 0
Tweet 0
Pin it 0
Share 0
Tags: Arab leaguefintechMoUPayment gateway
Previous Post

Google-Equiano Subsea Cables Finally Lands in Nigeria to Commence Installation by WIOCC.

Next Post

Stitch Launch its LinkPay Wallet in Nigeria and South Africa

Next Post
Stitch Launch its LinkPay Wallet in Nigeria and South Africa

Stitch Launch its LinkPay Wallet in Nigeria and South Africa

RECOMMENDED NEWS

Opera Mini Launches Chat Service HYPE, Records 2.4 Million Activations

Opera Mini Launches Chat Service HYPE, Records 2.4 Million Activations

1 year ago
Battle Against Insecurity: Kaduna Becomes The Sixth State To Shut Down Telecommunication Services

Battle Against Insecurity: Kaduna Becomes The Sixth State To Shut Down Telecommunication Services

1 year ago
Makro Debuts its Mobile App for iOS and Android OS.

Makro Debuts its Mobile App for iOS and Android OS.

6 months ago
African Startups Join GLOBAL Funding Boom As Fintech Shines

African Startups Join GLOBAL Funding Boom As Fintech Shines

1 year ago

FOLLOW US

  • 70.9k Followers

BROWSE BY CATEGORIES

  • App
  • Banking
  • Business
  • Cryptocurrency
  • Cybersecurity
  • East Africa
  • Economy
  • Enterprise
  • Event
  • Fintech/Finance
  • Funding
  • Gadget
  • Government
  • Insight
  • Internet
  • Investment
  • Nigerian/African Tech
  • North Africa
  • Personnel
  • Research/How to do it
  • Service
  • Social Media
  • Southern Africa
  • Startup
  • Telecom
  • Transport
  • Uncategorized
  • West Africa

BROWSE BY TOPICS

5g acquisition africa app banking CBDC cbn central bank of nigeria cloud cryptocurrency Crypto market cybersecurity e-commerce e-naira east africa ecommerce economy enterprise fintech funding Fundraising google government inec internet investment kenya License microsoft mtn ncc nigeria Partnership Regulator remittance ride hailing seed social media software south africa startup technology telecom twitter west africa

Featured Categories

App
19 Posts
View Posts
Banking
17 Posts
View Posts
Business
7 Posts
View Posts
Cryptocurrency
27 Posts
View Posts
Cybersecurity
13 Posts
View Posts
East Africa
23 Posts
View Posts
Economy
18 Posts
View Posts
Enterprise
31 Posts
View Posts
Event
9 Posts
View Posts
Fintech/Finance
83 Posts
View Posts
Funding
29 Posts
View Posts
Gadget
11 Posts
View Posts
Government
55 Posts
View Posts
Insight
4 Posts
View Posts
Internet
20 Posts
View Posts
Investment
18 Posts
View Posts
Nigerian/African Tech
31 Posts
View Posts
North Africa
2 Posts
View Posts
Personnel
2 Posts
View Posts
Research/How to do it
2 Posts
View Posts
Service
8 Posts
View Posts
Social Media
19 Posts
View Posts
Southern Africa
17 Posts
View Posts
Startup
83 Posts
View Posts
Telecom
35 Posts
View Posts
Transport
10 Posts
View Posts
Uncategorized
2 Posts
View Posts
West Africa
41 Posts
View Posts
No Result
View All Result
Loading
  • Amazon & Stripe
    Stripe & Amazon Iterated Partnership Deal Will Integrate FinTech & Cloud Services For Global Penetration.
    • January 25, 2023
  • Airtel eSIM
    Airtel Launches eSIM Technology In Nigeria
    • January 25, 2023
  • Mafab Communication Debut 5G Cellular Data In Nigeria.
    • January 24, 2023
  • Spotify
    Tech Retrenchment: Spotify Has Prepared To Cut It Global Workforce This Week.
    • January 24, 2023
  • Kuda Bank
    The SBP Issues Kuda Bank FinTech License to Operate In Pakistan.
    • January 24, 2023
TechBooky Africa

We bring you the best Premium WordPress Themes that perfect for news, magazine, personal blog, etc.

Follow us on social media:

Recent News

  • Stripe & Amazon Iterated Partnership Deal Will Integrate FinTech & Cloud Services For Global Penetration.
  • Airtel Launches eSIM Technology In Nigeria
  • Mafab Communication Debut 5G Cellular Data In Nigeria.

Category

  • App
  • Banking
  • Business
  • Cryptocurrency
  • Cybersecurity
  • East Africa
  • Economy
  • Enterprise
  • Event
  • Fintech/Finance
  • Funding
  • Gadget
  • Government
  • Insight
  • Internet
  • Investment
  • Nigerian/African Tech
  • North Africa
  • Personnel
  • Research/How to do it
  • Service
  • Social Media
  • Southern Africa
  • Startup
  • Telecom
  • Transport
  • Uncategorized
  • West Africa
  • Home
  • TechBooky
  • Business
  • Video
  • Contact Us

© 2022 Techbooky Africa .

No Result
View All Result
  • Home
  • TechBooky
  • Business
  • TV
  • Startup

© 2022 Techbooky Africa .

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In