Basata Holding has increased its stake in MadfoatCom to 25%, aiming to accelerate digital financial inclusion and enhance digital payments in Jordan. The partnership will focus on scaling digital payment services and supporting SMEs with financial tools. The collaboration involves key Jordanian financial institutions, including Jordan Kuwait Bank.
Visa has launched the Tap-to-Add Card technology in Jordan, allowing users to securely add Visa contactless cards to digital wallets with a tap. This innovation simplifies digital payment processes, enhances security, and encourages the adoption of digital wallets in Jordan, benefiting both consumers and the payments ecosystem.
Orange Jordan and the Jordan Press Foundation/Al Rai have signed a strategic partnership to enhance digital transformation in the media sector. This collaboration will focus on developing digital infrastructure, improving technology in journalism, and leveraging AI to stay ahead in the fast-evolving media landscape.
Mohamed Benchâaboun has been appointed Chairman of the Management Board of Maroc Telecom, effective March 1, 2025. He replaces Abdeslam Ahizoune, who significantly contributed to the company’s growth. The board also renewed the terms of four other Management Board members for continued leadership until 2027.
Zain KSA and Dell Technologies have partnered to transform the cloud ecosystem in Saudi Arabia. Through this collaboration, Zain will leverage Dell’s expertise to offer automated cloud services, empowering businesses to seamlessly manage their cloud services and driving digital transformation across the region.
Entlaq, in collaboration with the Netherlands Enterprise Agency (RVO) and the Embassy of the Netherlands, launched a Fintech Report highlighting Egypt’s growing financial technology sector. The report outlines key trends, challenges, and opportunities, positioning Egypt as a leader in MENA’s fintech space and emphasizing the importance of financial inclusion.
Egypt’s internet users have reached over 82 million, and the country has earned global recognition for its cybersecurity efforts, ranking among the top 12 nations in the Global Cybersecurity Index. Despite rising cyber risks, Egypt remains committed to enhancing digital security and supporting global cybersecurity initiatives.
Egypt’s financial inclusion rate reached 74.8% by the end of 2024, with 52 million citizens using transaction accounts. This growth is attributed to efforts in empowering women, youth, and entrepreneurs with accessible financial services. It aligns with Egypt’s Vision 2030 and aims to promote economic empowerment and digital banking.
Bangladesh’s mobile financial services transactions are projected to exceed Tk 25 lakh crore by 2025, reflecting the rapid growth of digital financial services. The Bangladesh Bank has upgraded its RTGS system and is working on a mobile interoperability platform to further enhance financial accessibility and security.
Robi Axiata reported its highest-ever profit for 2024, with a 119% increase in profit to Tk703 crore. The company also proposed a 15% cash dividend to shareholders, marking its largest payout since 2020. Despite challenges, Robi continues to invest in digital infrastructure and maintain a strong 4G network.
