Author: Chandrika Mahapatra

Open vs Closed Loop Cards: The Architecture Behind Modern Card Programs

As digital payments scale across the MENAP region, card programs are becoming increasingly diverse, from gift and reward cards to fully digital credit and multicurrency card programs.  Behind these innovations sit two architectural models that define how funds move: open loop and closed loop. Each serves a distinct purpose, influencing how cards are issued, where […]

Where Experience Meets Infrastructure: The Future of Mobile Banking Design

The way people interact with money is being rewritten.Instant payments, digital identity, and personalized insights have raised expectations — users now demand banking experiences that are fast, intuitive, and secure. The best banking apps deliver more than functionality; they deliver confidence. Every tap, transfer, and notification is an opportunity to build trust through design that […]

10 Must-Haves for Card Issuing in Today’s Payment Ecosystems

Many guides stop at five ‘must-haves’ for modern card issuing. In practice, winning programs need more. The realities of today’s payment ecosystems — from scheme connectivity and digital onboarding to lending capabilities, tokenization, and evolving regulation — demand more than a basic issuing stack. Here’s a pragmatic checklist of ten capabilities that define whether programs […]

Why Banks Are Turning to Commercial Cards in MENAP?

Commercial payments globally today are seeing a major transformation. Studies show that businesses that adopted commercial payments saw a 132% ROI in just three years. Commercial cards alone reduced Days Sales Outstanding (DSO) from 45 days to 15 days while improving debt collection rates by 20%. But is this the current scenario in MENAP?  The […]

Debunking the biggest BaaS Myths in MENAP

The financial services industry is at a critical turning point. APIs are now driving 40% of revenue growth in financial institutions across the globe by enabling cross-platform integrations and personalised services. This shift is powering an era where banks and financial institutions can build and scale financial products faster than ever before. In MENAP, the […]

NymCard Partners with AlRayan Bank to Foster Fintech Innovation in Qatar

6th December 2024, Doha, Qatar: NymCard, the trusted embedded finance provider in the MENA region, has announced a strategic partnership with AlRayan Bank, a leading bank in Qatar. This collaboration marks a significant milestone in driving fintech innovation and unlocking new opportunities in Qatar’s financial ecosystem, aligning with Qatar Vision 2030 and the Qatar Central […]

NymCard Achieves PCI DSS 4.0 Compliance in the UAE

We are thrilled to announce that NymCard is now PCI DSS 4.0 compliant, a major milestone in our journey to ensure the highest standards of payment security. This achievement reaffirms our commitment to protecting our clients and their customers by meeting the most stringent security protocols in the industry. What is PCI DSS 4.0?The Payment […]

Ajman Transport Authority partners with NymCard

The Ajman Transport Authority has signed a strategic agreement with NymCard, a leading payments infrastructure provider, to introduce Visa prepaid cards through a digital app solution This partnership will enable Ajman Transport’s customers to benefit from services such as transport mobility, online shopping, fund transfers, as well as loyalty and rewards programs. In line with […]

NymCard @ Seamless North Africa 2024 | Interview with Omar ElMoataz

Transcript Mark Walker: My name is Mark Walker, I’m the Editorial Director at The Fintech Times, and we’re here at Seamless North Africa. First of all, I’m going to ask my interviewee to introduce himself to you, the audience. Omar ElMoataz: Hello, my name is Omar ElMoataz. I lead NymCard as the Country Manager for […]

NymCard announces new Cross-Border partnership with Mastercard!

Dubai, UAE; 11 September 2024: NymCard, a certified principal member of Mastercard’s payment network and leading Banking-as-a-Service (BaaS) provider, has joined forces with Mastercard to offer fast global money transfers to its customers from the UAE to 47 countries through one secure connection. The collaboration will strengthen NymCard’s BaaS platform and leverage Mastercard Cross-Border Services, […]