JPMorgan’s Blockchain Unit Partners with Eight MENA Banks for Cross-Border Payment Innovations

JPMorgan’s blockchain unit has secured partnerships with eight major banks across the Middle East and North Africa (MENA) region, signifying a growing interest in blockchain-driven financial infrastructure. The expansion involves six prominent banks including Qatar National Bank, Saudi National Bank, First Abu Dhabi Bank, Emirates NBD, Commercial Bank of Dubai, and Bank ABC. 2 remaining partners have not been disclosed yet. These banks are now utilizing Kinexys’ Digital Payments platform to streamline cross-border payments, optimize treasury operations, and enhance transaction efficiency.