Co-operative Bank of Kenya’s Post

Al Ansari Exchange was part of an insightful discussion at Seamless Middle East & Saudi Arabia, focusing on payment orchestration for fast cross border transactions. Our Head of Digital Channels, Rashid Basheer, joined experts from Commercial International Bank, Federal Bank, Subsbase and Bitspace. They discussed removing friction with secure and reliable payments, such as the transition to digital transactions, currency fluctuations and business remittances, to addressing compliance challenges and enhancing security in cross-border payments. Moderated by Samee Zafar from Edgar Dunn & Company, the talk provided insights into streamlining cross-border transactions for businesses and consumers. #SeamlessME #CrossBorderPayments

Bank Al-Maghrib (BAM) has successfully finalized its membership in the Arab Regional Payments Clearing and Settlement Organization, “Buna”, a centralized cross-border payment system. Through this membership, Bank Al-Maghrib will contribute to further strengthening the regional integration of Arab economies by facilitating the use of local currencies in intra-Arab payments clearing and settlement transactions. Tap the link in our bio for more details. (📸: Bank al-Maghrib) #bankalmaghrib #moroccoeconomy #morocconews #moroccotimestv

And it is finally here! #BabarAzam has joined ACE Money Transfer and Bank Alfalah in promoting legal channels of remittances to Pakistani Expats. A message that can't be reiterated enough! #Remittance #FinTech

Banque Centrale de Tunisie - البنك المركزي التونسي (BCT) has joined African Export-Import Bank (Afreximbank)'s Pan-African Payment & Settlement System - PAPSS as its thirteenth member, marking PAPSS’ entry into North Africa. “Banque Centrale de Tunisie has joined PAPSS under the commercial bank settlement model that was introduced in 2023 at the Afreximbank Annual Meetings in Accra, Ghana. By adopting this model, BCT will preserve its foreign currency reserves and promote the use of the Tunisian Dinar for cross-border payments with the rest of Africa. “The PAPSS model is meant to ease cross-border payments on the continent. A trader in one country can instruct their local bank to pay a supplier in another participating country in their local currency. The two year old project is among the central elements of the African Continental Free Trade Area (AfCFTA).” Via The Kenyan Wall Street. https://lnkd.in/d8v9mp_R #fintech #financialservices #payments #paymentsolutions #africa

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Standard Bank is weighing up opportunities in north Africa and has revealed that it has applied for a banking representative office in Egypt in a bid to seize up possibilities of growing its market share from rising intra-African trade. Read the full article here: https://lnkd.in/d8zKJcfD #AfricanOpportunities #Egypt #IntraAfricanTrade

The company will use the kingdom as a gateway to the rest of the Middle East. Chinese fintech giant Ant International is expanding into Saudi Arabia to tap into the region's growing digital payments market. Saudi Arabia's Ministry of Investment (MISA) has signed an agreement with the company to facilitate its expansion into the kingdom, according to a statement. The Singapore-based firm will establish an entity in Saudi Arabia as a gateway to the rest of the Middle East, further expanding its reach. Monetary Authority of Singapore-regulated Ant International provides payment services for merchants, digital payment and financial services for cross-border trade, and a digital wholesale bank. #ant #china #saudi #saudiarabia #saudivision2030 #singapore #digital #bank #finance #finances #digitalpayments #financial Source - Zawya

Could you guess from the video which Arabian bank outshines in market cap the well-known Deutsche Bank, Santander, Intesa Sanpaolo, or Brazilian Banco Itaú? It is alrajhi bank, a privately owned full-service bank in #SaudiArabia founded in 1957. It is one of the major players in #Saudi banking and the overall economy. While riding through King Fahd Road, I captured this glimpse of its headquarters. I strongly recommend that business people visit Saudi Arabia and see the growth taking place in the country. #Riyadh #SaudiArabia #ArabiaSaudita #Banks #InvestmentBanking #Gulf #WEF World Economic Forum #banking #Brasil #Brazil #Itau #bancos #marketcap FEBRABAN

https://lnkd.in/ghP6QDRX At least 10mn overseas Filipinos send home over US$40bn annually. The receivers of these remittances are in the Philippines, where over 50% of all adults are unbanked. Domestically, the total annual transaction volume of payments in the Philippines is over US$200bn, of which much is conducted in cash. This is what TANGGapp is tapping into. #e27News

The Wali of Bank Al Maghrib (BAM), Abdelatif Jouahri, expressed his concern about the volume of cash in circulation, emphasizing the importance of addressing the factors that contribute to this increase. In this regard, Jouahri affirmed that the BAM is conducting an extensive investigation into the factors that encourage the use of cash and the rejection of digital means, adding that the reason could be linked to the prevalence of the informal sector and the fear of taxation. Tap the link in our bio for more details. (📸: Medi1) #BankAlMaghrib #MoroccoEconomy #Morocco #MoroccoTimesTV