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TerraPay expands its footprint in Morocco, partners with Attijariwafa bank to facilitate cross-border payments

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LONDON, June 28, 2023 /PRNewswire/ — In pursuit of the commitment to foster financial empowerment, financial independence and inclusivity across the world, TerraPay, a leading global payments infrastructure company, announced its partnership with Attijariwafa bank, Morocco’s largest banking group by market capitalization, to facilitate real-time and seamless global money transfers directly to the bank accounts in Morocco.

This partnership will empower Attijariwafa bank to tap into TerraPay’s well-entrenched global partner networks and receive inbound cross-border payments from various send partners across 200 countries. Through this collaboration, TerraPay will be able to leverage Attijariwafa bank’s expertise in person-to-person payments and its strong presence in the region to further expand its network in Morocco.

Morocco is the third largest remittance receiver in Africa (after Nigeria and Egypt) and a constantly expanding market. Money transfers from Moroccan diaspora members reached MAD 93.3 billion ($9.95 billion) at the end of December 2021 compared to MAD 68.18 billion ($7.27 billion) in 2020 experiencing an increase of 36.8% or MAD 25.07 billion ($2.67 billion).

Speaking about the partnership, Bassem Awada, GM MENA and VP Global – Key Partnerships, TerraPay said, “Morocco is a competitive market and has a large diaspora for remittances. We are delighted to welcome Attijariwafa bank as our trusted partner for instant global payments in Morocco. This partnership is a first for TerraPay in Morocco allowing us to further deepen our network & expand TerraPay’s global footprint.”

M. Adnane Driouech, Head of Corporate and International Cash Management at Attijariwafa bank added, “We are pleased to partner with TerraPay. Their extensive global payments network, partners, and infrastructure will play a critical role in facilitating instant international money transfers to our customers. Our integration with TerraPay has allowed our customers to receive cross-border payments directly from more than 200 countries in a transparent, secure, and instantaneous way.”

About TerraPay:

Headquartered in the United Kingdom, TerraPay believes that the smallest payment deserves a borderless journey as safe as the largest. The group has been building an ever-expanding payments highway that empowers businesses to create transparent customer experiences with an uninterrupted, secure, and real-time global passage for every payment, however small or large. Registered and regulated across 27 global markets, TerraPay is one of the leading global partners to banks, mobile wallets, money transfer operators, merchants, and financial institutions, creating a more expansive and inclusive international financial ecosystem. With access to an extensive network of 7.5Bn+ bank accounts, 2.1Bn+ mobile wallets, across 110 receive countries and 208 send countries, TerraPay enables its partners to become beacons of the promise of global financial inclusion.

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For more information, terrapay.com

About Attijariwafa bank

Attijariwafa bank is the leading banking and financial group in the Maghreb and a key player in the CEMAC and WAEMU zones. 

In addition to its banking operations, the Attijariwafa bank Group is active in a wide range of financial services through its specialized subsidiaries: insurance, mortgage loans, consumer loans, leasing, asset management, stock market intermediation, private banking, consulting, long-term leasing, factoring… 

Headquartered in Morocco, the bank operates in 26 countries: in Africa (Egypt, Tunisia, Mauritania, Senegal, Burkina-Faso, Ivory Coast, Mali, Togo, Niger, Benin, Congo, Gabon, Cameroon, Chad) and in Europe (Belgium, France, Germany, Italy, Netherlands, Spain and Switzerland) through majority-controlled fully-licensed local banks and their subsidiaries and in Dubai, Riyadh, London and Montreal through representative offices.

Moreover, Attijariwafa bank has 5,835 branches (as of December 31, 2021) with more than 20,590 employees and a portfolio of approximately 10.8 million customers.

https://www.attijariwafabank.com/fr 

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ADQ Announced as the Headline Partner for Abu Dhabi Finance Week

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ABU DHABI, UAE, Nov. 6, 2024 /PRNewswire/ — ADGM, the host of the flagship financial event of the MEASA region, Abu Dhabi Finance Week (ADFW) announced ADQ – an Abu Dhabi-based investment and holding company as the “Headline Partner” for the 2024 and 2025 editions of ADFW.

This strategic partnership with ADQ underscores its dedication and commitment to the growth of Abu Dhabi’s financial sector, emphasising its role in driving innovation and market-leading services. As the “Headline Partner” for the next two editions, ADQ will be instrumental in curating the direction and agenda of ADFW, ensuring the event’s continued success and cementing its position as a leading economic and investment conference.

In addition, ADFW 2024 will be supported by more than 30 global, regional, and local entities. Main partners include the Abu Dhabi Department of Economic Development (ADDED) as the Economic Development Partner, Etihad Airways as the Official Airlines Partner, the Department of Culture and Tourism (DCT) as the Destination and Cultural Partner and Hub71 as the Tech Ecosystem Partner. The list also includes the following group of ‘Strategic Partners’ namely Mubadala, UBS, HSBC, ADCB, FAB, PGIM, and ADX alongside ADIO, ADIB, Circle, Etoro, Further Ventures, Realize, and Smartenergy as ‘Official Partners‘ of ADFW.

Commenting on ADFW and ADQ’s strategic collaboration, Salem Al Darei, CEO of ADGM Authority said, “We are pleased to announce this significant partnership with ADQ as our Headline Partner for the upcoming two editions of ADFW. This partnership solidifies our shared vision for Abu Dhabi’s financial sector and strengthens ADGM and ADQ’s collaboration to deliver an even more impactful event. On this occasion, we would also like to sincerely thank our Strategic and Official Partners for their invaluable support in making ADFW 2024 a truly global platform. We look forward to working closely with all our partners to further enhance Abu Dhabi’s position as a global financial hub.”

Hamad Abdulla Al Hammadi, Deputy Group Chief Executive Officer at ADQ said, “ADQ’s strategic partnership for the 2024 and 2025 editions of ADFW underscores our commitment to fostering a robust financial ecosystem that supports the long-term growth of a competitive, diversified and sustainable economy. Through this partnership, we aim to promote thought leadership and foster industry-wide collaboration, advancing conversations that unlock new investment opportunities across various fields while reinforcing Abu Dhabi’s value proposition, characterised by access to global markets and talent, and supported by an enabling regulatory framework.”

This year, ADFW is set to run from 9th to 12th December 2024 and will focus on the various elements that solidify Abu Dhabi’s position as the ‘Capital of Capital, hosting important sessions that address major developments at the intersection of finance, technology and investment. ADFW 2024 is set to feature around 400 international speakers, including CEOs and Chairs from 50 leading global financial institutions.

For more information, visit: www.adfw.com

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Smartkem to Present at the 6th National Conference on Organic Field-Effect Transistors in Hangzhou, China

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MANCHESTER, England, Nov. 6, 2024 /PRNewswire/ — Smartkem (Nasdaq: SMTK), positioned to power the next generation of displays using its disruptive organic thin-film transistors (OTFTs), today announced that it will be giving a presentation at the 6th National Conference on Organic Field-Effect Transistors in Hangzhou, China on Saturday, November 9th, 2024.

The presentation will be given by Smartkem Chief Technology Officer, Dr. Simon Ogier, and is titled, “OTFT materials for emissive displays and low temperature logic circuitry on plastic substrates. The presentation will take place at 13:30 local time.

Presenter: Dr. Simon Ogier, CTO
Presentation title: “OTFT materials for emissive displays and low temperature logic circuitry on plastic substrates.”
Time: 13:30-13:50
Date: Saturday, November 9th, 2024

The conference is hosted by Beihang University and the Institute of Chemistry, Chinese Academy of Sciences (ICCAS), and co-organized by Fudan University. This conference will focus on the two major themes of “Organic Field-Effect Transistors” and “Flexible Printed Optoelectronic Materials and Devices”.

To find out more about the conference, visit: https://www.ofet6.org.cn/

Smartkem’s Nasdaq information can be found on the Nasdaq website: https://www.nasdaq.com/market-activity/stocks/smtk

About Smartkem

Smartkem is seeking to reshape the world of electronics with its disruptive organic thin-film transistors (OTFTs) that have the potential to revolutionize the display industry.  Smartkem’s patented TRUFLEX® liquid semiconductor polymers can be used to make a new type of transistor that can be used in a number of display technologies, including next generation microLED displays. Smartkem’s inks enable low temperature printing processes that are compatible with existing manufacturing infrastructure to deliver low-cost displays that outperform existing technology.

Smartkem develops its materials at its research and development facility in Manchester, UK and provides prototyping services at the Centre for Process Innovation (CPI) at Sedgefield, UK, It has a field application office in Taiwan. The company has an extensive IP portfolio including 125 granted patents across 19 patent families and 40 codified trade secrets. For more information, visit: www.Smartkem.com and follow us on LinkedIn www.linkedin.com/company/Smartkem-limited and Twitter @SmartkemOTFT.

About OFET-6 & CFPOE-4

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With the purpose of academic exchanges, OFET-6 and CFPOE-4 will discuss the latest progress and future development of domestic and foreign research, enhance exchanges and cooperation between domestic and foreign colleagues in the field of organic field-effect transistors and flexible printed optoelectronic materials and devices, and jointly promote the industry-university-research cooperation and industrialization development in the field of organic field-effect transistors and flexible printed optoelectronic materials and devices. The organizing committee of the conference sincerely invites experts, scholars, scientific and technological personnel, industry professionals and students in related fields to meet us in Hangzhou, Zhejiang.

Forward-Looking Statements

All statements in this press release that are not historical are forward-looking statements, including, among other things, statements relating to the Smartkem’s expectations regarding the effect of the Nasdaq listing on its common stock, its market position and market opportunity, expectations and plans as to its product development, manufacturing and sales, and relations with its partners and investors. These statements are not historical facts but rather are based on Smartkem Inc.’s current expectations, estimates, and projections regarding its business, operations and other similar or related factors. Words such as “may,” “will,” “could,” “would,” “should,” “anticipate,” “predict,” “potential,” “continue,” “expect,” “intend,” “plan,” “project,” “believe,” “estimate,” and other similar or elated expressions are used to identify these forward-looking statements, although not all forward-looking statements contain these words. You should not place undue reliance on forward-looking statements because they involve known and unknown risks, uncertainties, and assumptions that are difficult or impossible to predict and, in some cases, beyond the Company’s control. Actual results may differ materially from those in the forward-looking statements as a result of a number of factors, including those described in the Company’s filings with the Securities and Exchange Commission. The Company undertakes no obligation to revise or update information in this release to reflect events or circumstances in the future, even if new information becomes available.

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As Gold Nears Record Highs, Analysts See Major Upside in Mining Stocks

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Issued on behalf of Yukon Metals Corp. 

VANCOUVER, BC, Nov. 6, 2024 /PRNewswire/ — USA News Group –  Gold prices are soaring, and with the results of the U.S. federal election still pending and a crucial Federal Reserve meeting approaching, the upward trend in the precious metal’s value shows no signs of slowing down. Goldman Sachs analysts project gold could break records, potentially reaching $3,000 by the end of 2025. This surge has created a complex landscape for the mining sector. Companies operating in Ghana and Burkina Faso are facing challenges, while major players like Newmont are finding it difficult to fully leverage the high gold prices. Amid post-election market uncertainty, Barron’s analysts suggest that gold mining stocks present an attractive entry point. Beyond the industry’s heavyweights, several exploration and mid-tier companies are gaining traction with promising updates and development milestones, including from Yukon Metals Corp. (CSE: YMC) (OTCQB: YMMCF), New Gold Inc. (NYSE-American: NGD) (TSX: NGD), Fortuna Mining Corp. (NYSE: FSM) (TSX: FVI), IAMGOLD Corporation (NYSE: IAG) (TSX: IMG), and Centerra Gold Inc. (NYSE: CGAU) (TSX: CG).

The article continued: According to CBS News, analysts see strong upside potential for gold mining stocks right now. This optimistic outlook is supported by Benzinga, where experts noted that gold mining stocks have climbed for nine straight sessions, hitting their highest levels since August 2020.

Electromagnetic Survey Identifies Multiple Strong Targets Coincident with Elevated Gold and Silver at Star River

Yukon Metals Corp. (CSE: YMC) (OTCQB: YMMCF), a well-financed mining exploration company, today announced an exploration update on its 715-hectare Star River Project, located approximately 50km south of Ross River, Yukon. Within the update, Yukon Metals reported that Aurora Geosciences of Yellowknife, NWT, had completed ground-based Gravity and Time Domain Electromagnetic (TDEM) surveys at the Star River property to assist in target definition and support drill hole planning, and identified four prominent conductive zones in the process—three in areas coincident with historic mineral showings, and one zone in the north in an underexplored area.

“We are excited to report multiple compelling targets with strong electromagnetic responses coincident with gold and silver sampling featuring up to 101 grams per tonne gold,” said Rory Quinn, President and CEO of Yukon Metals. “These targets are not only strong anomalies, they are large anomalies, and will help focus our exploration efforts to maximize our chances of adding substantial value to the project through drilling.”

The Aurora Geosciences team completed 20.6 kilometers of surveying with 100m line spacing, adding extra detail with 50m infill lines over the F3 showing area. They used three large 500m x 500m ground loops to cover key areas, including Saddle, F2, Canyon, and F3. The models created represent possible metal-rich zones based on EM responses, though they assume flat, simplified shapes that may miss some geological details. Ongoing work aims to refine these models by adding more geological data to better understand subsurface structures.

Yukon Metals owns 100% of the Star River base and precious metals project accessible by all-season road from the Robert Campbell Highway and adjacent to the former Ketza Mine haul road. The project is host to multiple showings of polymetallic carbonate replacement mineralization and quartz-sulphide veins first discovered in the 1950s. Remnants of underground and surface workings using historical exploration techniques are visible around much of the property and tied together with previously established access roads and trails branching from the Ketza Mine road.

The update comes just three weeks after Yukon Metals provided another update on its 2,285-hectare Birch project, which included rock-chip float samples that returned up to 2.42% copper with up to 0.94 g/t gold, and other samples with gold values of up to 6.64 g/t.

CONTINUED… Read this and more news for Yukon Metals Corp. at:  https://usanewsgroup.com/2024/10/01/the-yukon-an-untapped-mining-powerhouse/ 

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In other industry developments and happenings in the market this week include:

New Gold Inc. (NYSE-American: NGD) (TSX: NGD), a Canadian-focused intermediate mining company with two core producing assets (New Afton copper-gold mine, and Rainy River gold mine), recently reported its Q3 2024 operational results, which included 78,369 ounces of gold production, 12.6 million pounds of copper production, and record cash from operations of $128 million and record free cash flow of $57 million. Over the quarter, New Afton produced 16,477 gold ounces and 12.6 million copper pounds, while Rainy River produced 61,892 gold ounces.

“New Afton delivered a strong operating quarter and completed critical C-Zone milestones ahead of schedule, while Rainy River delivered costs as planned, with all-in sustaining costs 29% lower quarter-over-quarter,” said Patrick Godin, President and CEO of New Gold. “The Company continues to expect the fourth quarter of 2024 to be its strongest quarter of the year, concluding a successful year that has seen New Gold reach its free cash flow inflection point and deliver on key project milestones in pursuit of our objective to target a sustainable production platform of approximately 600,000 gold equivalent ounces per year until at least 2030.”

Fortuna Mining Corp. (NYSE: FSM) (TSX: FVI), a Canadian precious metals mining company with five operating mines in Argentina, Burkina Faso, Côte d’Ivoire, Mexico, and Peru, and an up and coming project in Senegal, recently reported its Q3 2024 production results, which included 110,820 ounces of gold equivalent production. Beyond its producing assets, Fortuna has also continued to progress its Diamba Sud Project in Senegal, reporting in September positive results on the project which is in the preliminary economic assessment stage.

“The exploration focus at Diamba Sud has turned to testing and expanding some of the previously lightly drilled anomalies, with Western Splay rapidly emerging as the next potential prospect,” said Paul Weedon, Senior Vice President of Exploration at Fortuna. “Encouraging results such as 6.9 g/t Au over an estimated true width of 33.3 meters from 115.4 meters in drill hole DSDD293, and 8.9 g/t Au over an estimated true width of 27.7 meters from 104 meters in drill hole DSR680 highlight the potential.”

Fortuna also recently responded to recent media reports concerning Burkina Faso, where public comments from the country’s president presented a possibility of withdrawing from existing mining permits. According to the response Fortuna has sought clarification from the Burkina Faso’s Ministry of Mines on this point and has received confirmation that the government has no plans to withdraw existing mining permits which are in compliance with Burkina Faso’s laws. Fortuna reiterated that its Yaramoko Mine is in compliance with all material laws and operations continue to be conducted normally.

IAMGOLD Corporation (NYSE: IAG) (TSX: IMG), an intermediate gold producer and developer based in Canada with operating mines in North America and West Africa, recently announced assay results from its Nelligan Project in Quebec, Canada, which confirmed the extension of the mineralized zones of the deposit. In addition, IAMGOLD provided an updated mineral resource estimate for the Monster Lake Project, also in the same Chibougamau region in Quebec, in order to refresh its 2018 NI 43-101 technical report.

“The assay results released today confirm the extension of the mineralized sequence in the eastern down-plunge of the Nelligan deposit,” said Marie-France Bugnon, Vice President, Exploration for IAMGOLD. “We believe that the exploration potential for Nelligan is wide open. On Monster Lake, the Mineral Resource estimate allows for an updated version of the NI 43-101 technical report to be filed. The estimate incorporates few additional drilling results obtained from 2018 to 2021 drilling programs and yet highlights the high-grade nature of the main gold-bearing shear-hosted quartz vein system.”

Centerra Gold Inc. (NYSE: CGAU) (TSX: CG), a Canadian-based mining company focused on operating, developing, exploring and acquiring gold and copper properties in North America and Türkiye, recently reported its Q3 2024 results, which highlighted consistent operating performance and continued strong cash flow from operations.

Centerra continues to deliver consistent operating performance and is on track to meet our consolidated production and cost guidance for the year,” said Paul Tomory, President and CEO of Centerra. “We have benefited from margin expansion driven by stable cost performance in an elevated metal price environment. As planned, we have returned to strong free cash flow generation in the third quarter. Even after spending approximately $32 million on the restart of operations at the Thompson Creek mine, we grew our cash and cash equivalents to $604 million at the end of the third quarter.”

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Across its operations, Centerra reported consolidated gold production of 93,712 ounces, including 42,993 ounces from the Mount Milligan Mine in British Columbia, Canada and 50,719 ounces from the Öksüt Mine in Türkiye.

Source: https://usanewsgroup.com/2024/10/01/the-yukon-an-untapped-mining-powerhouse/ 

CONTACT:
USA NEWS GROUP
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(604) 265-2873

DISCLAIMER: Nothing in this publication should be considered as personalized financial advice. We are not licensed under securities laws to address your particular financial situation. No communication by our employees to you should be deemed as personalized financial advice. Please consult a licensed financial advisor before making any investment decision. This is a paid advertisement and is neither an offer nor recommendation to buy or sell any security. We hold no investment licenses and are thus neither licensed nor qualified to provide investment advice. The content in this report or email is not provided to any individual with a view toward their individual circumstances. USA News Group is a wholly-owned subsidiary of Market IQ Media Group, Inc. (“MIQ”). MIQ has been paid a fee for Yukon Metals Corp. advertising and digital media from the company directly. There may be 3rd parties who may have shares Yukon Metals Corp., and may liquidate their shares which could have a negative effect on the price of the stock. This compensation constitutes a conflict of interest as to our ability to remain objective in our communication regarding the profiled company. Because of this conflict, individuals are strongly encouraged to not use this publication as the basis for any investment decision. The owner/operator of MIQ own shares of Yukon Metals Corp. which were purchased as a part of a private placement. MIQ reserves the right to buy and sell, and will buy and sell shares of Yukon Metals Corp. at any time thereafter without any further notice. We also expect further compensation as an ongoing digital media effort to increase visibility for the company, no further notice will be given, but let this disclaimer serve as notice that all material disseminated by MIQ has been approved by the above mentioned company; this is a paid advertisement, and we own shares of the mentioned company that we will sell, and we also reserve the right to buy shares of the company in the open market, or through further private placements and/or investment vehicles. While all information is believed to be reliable, it is not guaranteed by us to be accurate. Individuals should assume that all information contained in our newsletter is not trustworthy unless verified by their own independent research. Also, because events and circumstances frequently do not occur as expected, there will likely be differences between any predictions and actual results. Always consult a licensed investment professional before making any investment decision. Be extremely careful, investing in securities carries a high degree of risk; you may likely lose some or all of the investment.

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