Barclays, a leading British multinational universal bank, has completed the acquisition of the retail banking operations of Tesco Personal Finance, known as Tesco Bank. This acquisition brings credit cards, unsecured personal loans, and deposits under Barclays UK, alongside the entire operating infrastructure of Tesco Bank. With the acquisition finalized, Barclays aims to maintain and enhance client satisfaction while ensuring full compliance with UK industry regulations. The integration of Tesco Bank’s retail services will be a strategic focus for Barclays as they adapt to meet evolving customer needs and market demands. Tesco Bank Acquisition: Key Details This transaction also marks the…
Author: Rizwan Hussain
Read More
PXP Financial and Phos by Ingenico Unveil New SoftPoS SolutionPXP Financial has announced a strategic partnership with Phos by Ingenico to introduce an innovative SoftPoS solution, allowing merchants to accept contactless payments directly on Android devices, without the need for additional hardware. This collaboration aims to meet the growing demand for flexible, secure payment solutions by offering a cost-effective, hardware-free method for processing contactless transactions. Both PXP Financial and Phos by Ingenico are committed to staying compliant with industry regulations, while adapting to the evolving needs of merchants and consumers. Key Benefits of the PXP Financial and Phos PartnershipThrough this…
CIH Bank has announced a strategic partnership with Backbase to enhance digital banking services for customers across Morocco. This collaboration is designed to deliver personalized, streamlined user experiences, reflecting a growing trend among Moroccan financial institutions to prioritize customer-centric, secure digital solutions. This partnership marks a significant step towards modernizing CIH Bank’s digital offerings, with a focus on personalized banking tools and services. Both CIH Bank and Backbase are committed to addressing the evolving needs and preferences of clients, while maintaining full compliance with Morocco’s regulatory framework. Improving Customer Relationships with Targeted Solutions CIH Bank aims to strengthen customer relationships…
Arab Financial Services (AFS) has announced a strategic partnership with UAE-based Zand Bank to offer fintechs access to BIN sponsorship, payment processing services, and banking solutions. This collaboration will enable emerging financial players to issue prepaid cards and introduce innovative banking products with a strong focus on security and efficiency. Through Zand Bank’s BIN sponsorship and AFS’s state-of-the-art card processing technology, fintech companies will benefit from a streamlined entry to the market. This alliance supports the fast-paced development of secure financial solutions, boosting the fintech ecosystem in the region. About AFS and Zand Bank Arab Financial Services (AFS) was established…
Aeropay and Worldpay Revolutionize US Gaming Payments with A2A Solutions Aeropay has officially announced a strategic partnership with Worldpay, combining its proprietary account-to-account (A2A) payment platform with Worldpay’s expansive merchant network. This collaboration will bring enhanced, secure A2A payments and fast payouts to US gaming operators, streamlining payment processes for both operators and players. Streamlined Payments and Payouts for Gaming Operators With this partnership, Worldpay’s gaming merchants will be able to seamlessly integrate Aeropay’s platform, offering players a superior payment experience. The integration enables features such as embedded bank deposits via ACH and real-time player withdrawals (RTP), ensuring faster, more…
