Daily Archives: March 28, 2024

Technologies

Visa’s Growing Services Business Infused with New AI-Powered Products

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Visa’s Growing Services Business Infused with New AI-Powered Products

  • Three new AI-powered solutions are added to Visa Protect suite to help block fraud
  • Among the newest services: a cutting-edge immediate payment fraud solution and expanded capabilities to mitigate fraud, agnostic to payment network
  • Growing usage across global services portfolio – Visa’s largest 265 clients now use an average of 22 of Visa’s value-added services products[1]

Dubai, United Arab Emirates – March 28, 2024 – Today, Visa (NYSE:V), a leader in digital payments, announced the continued expansion of its global value-added services business with the addition of three new AI-powered risk and fraud prevention solutions. The new products, part of the end-to-end Visa Protect suite, are designed to reduce fraud across immediate account-to-account and card-not-present (CNP) payments, as well as transactions both on and off Visa’s network.

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Featured

Mastercard report finds human connections and technological innovation are key for Cities of the Future  

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Mastercard report finds human connections and technological innovation are key for Cities of the Future  

  • The Mastercard Cities of the Future Report taps into the aspirations of urban inhabitants across Middle East and North Africa focusing on UAE, Saudi Arabia and Egypt.
  • 58% of respondents consider AI and machine learning the most important technologies to make future cities smarter.
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Education

25+ Chinese universities will be at GETEX

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25+ Chinese universities will be at GETEX to promote education in China, with an emphasis on Technology and Medicine

  • As the world’s leader of technology, China is now looking at exporting its Education prowess to the rest of the world while UAE and China embark upon deeper cooperation to promote quality Chinese education to UAE-based students.
  • Students now have the benefit of tapping into the knowledge base that has made China the production and research hub of the world.
  • China offers students more than education in the classroom through diversified internship programs and access to the latest learning and teaching methods.
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Business & Investments

UPI-powered PhonePe App is Now Accepted at Mashreq’s NEOPAY Terminals in UAE

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UPI-powered PhonePe App is Now Accepted at Mashreq’s NEOPAY Terminals in UAE

PhonePe App users will now be able to use their preferred App in UAE at NEOPAY terminals

Dubai, UAE, 28 March 2024: Mashreq, one of the leading financial institutions in the MENA region, in partnership with NPCI International Payments Ltd. (NIPL), has taken a significant step forward in enhancing financial connectivity between the UAE and India. Unified Payments Interface (UPI) – enabled apps such as PhonePe will now be integrated with NEOPAY, Mashreq’s payment platform, facilitating seamless payment solutions for Indian tourists across multiple merchant locations in the UAE.

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Business & Investments

Sav and Desert Adventures Unite to Redefine Travel with Unmatched Savings and Experiences

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28 March, 2024 – Sav, a leading financial technology company that revolutionizes personal finance management, today announced a groundbreaking partnership with Desert Adventures, a leading destination management company in the UAE. This alliance is set to redefine  destination experiences, offering Sav users unparalleled access to a diverse array of  leisure and adventure services.

With over 75% of residents prioritizing spending on new and memorable experiences, Sav and Desert Adventures are well-positioned to capitalize on this expanding market. Through this partnership, Sav users can now explore the range of Desert Adventures’ offerings directly from the Sav app.

This includes guided city tours in multiple languages, desert safaris, attraction and theme park tickets, sea cruises, aerial tours, dining experiences, and exciting sports and adventure activities. Additionally, users will benefit from exclusive discounts and offers when booking Desert Adventures experiences through the Sav app.

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