Banking
US Federal Reserve fines digital bank Green Dot $44 million over “unfair and deceptive practices”
Key Points:Reason for Fine:Unfair and Deceptive Practices: Violations in marketing, selling, and servicing of prepaid debit card products.
Deficient Consumer Compliance Risk...
Banking
Jordan Kuwait Bank partners Mastercard and FOO to launch multicurrency prepaid wallet offering
Summary of Jordan Kuwait Bank's Launch of eliWalletEntities Involved:Jordan Kuwait Bank (JKB)
Mastercard
FOO (UAE-based fintech)Product Launched:eliWallet: A prepaid digital...
Banking
Mobile banking app for kids and teens, Cashee, to launch in Saudi Arabia
Cashee, a mobile banking app designed for kids and teens, is set to launch in the Kingdom of Saudi Arabia (KSA).
Founded in...
Banking
Aussie paytech EML Payments to wind down Irish subsidiary PCSIL
Business Decision: EML Payments is winding down its Irish subsidiary, PFS Card Services Ireland Ltd. (PCSIL), due to it being "no longer commercially viable...
Banking
ila Bank taps Arab Financial Services for prepaid card offering
Arab Financial Services (AFS) has collaborated with ila Bank, a Bahraini digital mobile-only bank, to introduce a prepaid card offering. The card allows users...
Banking
Saudi Arabia’s HyperPay acquires fintech start-up Sanad Cash
📰 HyperPay, the largest payment services provider in the MENA region, has acquired Saudi fintech start-up Sanad Cash to expand its product offerings and...
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