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JPMorgan Is Working with Bahrain's Central Bank and Bank ABC to Launch Real-Time Cross-Border Payments, May Work on CBDCs Later


The reserve bank of Bahrain is reportedly working with
Bank ABC in order to launch a real-time cross-border payments system (as part of a digital currency settlement pilot program).
Bank ABC and J.P. Morgan will be conducting tests including the transfer of money from and to the Middle Eastern Kingdom of Bahrain in USD or for payments made by buyers to suppliers.
The central bank of Bahrain will be serving as a key partner in the pilot program carried out between the local Bank ABC and J.P. Morgan. It’s expected that this partnership and program will be extending further and may include the development of a central bank digital currency (CBDC). ....

Kingdom Of Bahrain , Vali Moosa , He Rasheed Al Maraj , Central Bank , Governor Of The Central Bank , Middle Eastern Kingdom , Vice Chairman , Wholesale Payments , கிஂக்டம் ஆஃப் பஹ்ரைன் , அலி மூசா , மைய வங்கி , கவர்னர் ஆஃப் தி மைய வங்கி , நடுத்தர கிழக்கு கிஂக்டம் , துணை தலைவர் , மொத்த கொடுப்பனவுகள் ,

Fintech Funding: MENA Region's Saudi Arabia, UAE, Egypt Raised Substantial Amounts in Q1 2021, but UK Remains a Global Leader in Fintech


April 18, 2021 @ 6:47 pm By Omar Faridi
MENA region startups secured $170 million in capital during March 2021, which is reportedly a 6% increase month-over-month, across 43 different deals, according to local sources.
This notably takes the total funds raised during Q1 2021 to $396 million across 125 different deals, which is quite a strong start to the year for the region, Wamda reports.
The United Arab Emirates (UAE) has again managed to take the lead when it came to the amount of funding received last month, with around $130 million in investments acquired by 11 high-potential startups. This was mainly down to two major deals involving Agritech firm
Pure Harvest (raised $50 million) and last mile delivery ....

Saudi Arabia , United Arab Emirates , United Kingdom , Kingdom Of Saudi Arabia , Starling Bank , Pure Harvest , Middle Eastern Kingdom , United Kingdom Fintech , Innovate Finance , சவுதி அரேபியா , ஒன்றுபட்டது அரபு அமீரகங்கள் , ஒன்றுபட்டது கிஂக்டம் , கிஂக்டம் ஆஃப் சவுதி அரேபியா , ஸ்டார்லிங் வங்கி , தூய்மையானது அறுவடை , நடுத்தர கிழக்கு கிஂக்டம் , ஒன்றுபட்டது கிஂக்டம் ஃபிண்டெக் , புதுமை நிதி ,