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Deep Dive: Why The Pandemic Is Pushing MENA Regulators To Upgrade Open Banking, Privacy Laws

PYMNTS

Financial authorities and lawmakers in Abu Dhabi, Saudi Arabia and the United Arab Emirates (UAE) quickly followed Dubai’s lead as consumers and merchants headed online. MENA nations’ original rules involved data privacy, but they were focused on developing the open banking ecosystem and allowing information to move freely.

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ToneTag CEO Sounds Off On Payments At The Speed Of Sound

PYMNTS

FinTech firm ToneTag said earlier this month that it has linked with First Abu Dhabi Bank, the largest bank in the United Arab Emirates (UAE). The latter will deploy sound-based contactless payments. While QR code scanning requires a working phone camera, NFC [hardware] works only on smartphones,” he said.