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DEBT-
ADIA-backed Indian real estate asset manager Lake Shore secured a USD 143 mn green loan from HSBC to refinance lenders of its Viviana mall acquisition, according to a press release. The loan was obtained through Lake Shore’s subsidiary and the mall owner Salsette Developers, which intends to use a portion of the funding for liquidity.
FINTECH-
Mastercard is set to launch its payment passkey service in the UAE with Noon payments, according to a press release. The technology is used in online checkouts and will replace one-time passwords with biometrics like fingerprints and facial recognition. Mastercard plans to expand the service across the region once the technology rolls out in the UAE.
