Technology news and insights in the Middle East, South Asia, and Africa
Technology News and insights in the Middle East, South Asia, and Africa
Nepal has seen a rapid shift towards digital payments, driven by the COVID-19 pandemic and improved mobile and internet access. The Payment System Oversight Report 2023/24 highlights significant growth in platforms like connectIPS, QR codes, and mobile banking, as traditional payment methods like cheques and cards show slower adoption.
Tkawen, a digital platform founded by Hartem Yaakoub in 2023, is revolutionizing education and entrepreneurship. With blockchain-verified credentials, online training, and digital incubation for startups, Tkawen is setting new standards for innovation in Algeria and globally, empowering individuals and businesses to succeed in today’s digital economy.
Jazz has expanded its Digital Pakistan Fellowship Programme to LUMS, empowering students to lead conversations around technology and innovation. This initiative aims to inspire students to raise awareness about the transformative role of technology in Pakistan’s development and showcase the country’s potential on global platforms.
Afghanistan’s National Information and Statistics Authority is expanding e-Tazkira digital ID distribution centers to increase access. Over 15 million digital IDs have been issued, and mobile teams are also assisting in remote areas. The NSIA is also collaborating with UNFPA on an upcoming national population census for accurate data.
Al Baraka Islamic Bank has successfully implemented SafeNet, an AI-driven fraud prevention solution, in collaboration with Global Payment Services (GPS). The solution enhances the security of digital payment channels, ensuring real-time transaction analysis and compliance with Central Bank of Bahrain regulations, while boosting customer trust in the bank’s services.
Saudi Arabia’s Public Investment Fund (PIF) is reportedly close to taking a 10% stake in DAZN for US$1 billion. The sports streaming service, which has ties to Saudi sports, plans to break even this year after accumulating $5 billion in losses. DAZN also aims to acquire Foxtel for $2.2 billion.
CSSL has unveiled its 2030 strategy to position Sri Lanka as a leader in the global digital economy. The plan focuses on innovation, inclusivity, and sustainability, aiming to create a $15 billion digital economy. Key initiatives include fostering emerging technologies, bridging the digital divide, and promoting environmental sustainability.
Malaysian Prime Minister Anwar Ibrahim has engaged in discussions with the Abu Dhabi government and Binance founder Changpeng Zhao on digital finance policy, focusing on digital innovation, data centers, and AI. He emphasized the importance of Malaysia staying competitive and developing a strong digital finance strategy through collaboration with the UAE.
Ooredoo has partnered with Al Buraimi Governorate to enhance digital skills, foster AI and IT innovation, and support sustainable development in alignment with Oman Vision 2040. This collaboration will equip local communities with advanced technology and training, empowering them for future economic opportunities and workforce development.
Google Pay is set to launch in Pakistan by March 2025, allowing users to link debit and credit cards for contactless payments through the Google Wallet app. The service will initially focus on basic payments, with advanced features like loyalty cards and transport passes to follow in future phases.