Bank Alfalah and Warid Telecom have launched Mobile Paisa, a mobile money service in Pakistan. The service enables secure money transfers and utility bill payments. Supported by technology from Fundamo and Monet, Mobile Paisa aims to enhance convenience and security for everyday financial transactions across the country.
Boubyan Bank’s SME strategy focuses on customer-centricity, digital innovation, and financial empowerment. The bank leverages technology to offer seamless financial tools, including the Payout API and eRent, while providing tailored services such as Sharia-compliant financing and mentorship. Boubyan aims to enhance the SME ecosystem and become a regional banking benchmark.
Ant International has partnered with LankaPay to enable cross-border mobile payments via Alipay+ in Sri Lanka. Travelers from 10 countries can now use mobile payment apps at over 400,000 merchants across the country, enhancing payment convenience for tourists and boosting local businesses, with a focus on tourism-driven growth.
Cashee, a mobile banking app for kids and teens, is set to launch in Saudi Arabia. The app, backed by Arab National Bank, offers financial education and a prepaid Visa card to youth aged 6-18. Cashee’s goal is to help young people develop better money management habits.
NPCI International Payments Ltd (NIPL) has partnered with Fonepay to launch UPI-enabled cross-border payments between India and Nepal. Indian consumers can now make UPI payments in Nepal, while Nepalese merchants can accept UPI payments from Indian customers, fostering stronger economic ties and enhancing digital payment integration between the nations.
The Alipay+ partnership in Sri Lanka enables over 400,000 LANKAQR merchants to accept cross-border mobile payments from tourists using 14 international e-wallets. This initiative supports Sri Lanka’s tourism growth and enhances payment convenience for visitors. The launch is set to drive more foreign exchange and digital transformation in the country.
WE has partnered with Commercial International Bank (CIB) to offer tailored financial services to WE customers across Egypt. This collaboration aims to enhance financial inclusion, promote financial literacy, and integrate the informal economy into the formal financial sector, contributing to Egypt’s digital transformation and improving access to banking services.
Visa’s latest ‘Stay Secure’ study shows that 94 percent of Kuwaiti consumers are taking extra steps to secure their digital transactions. The study also reveals a significant rise in confidence towards digital payments, with 79 percent of consumers expecting increased usage, despite the growing scope of digital fraud.
Telecom Egypt’s WE has partnered with Commercial International Bank (CIB) to provide innovative digital financial services to millions of customers across Egypt. This collaboration aims to enhance financial inclusion and promote the integration of banking services within the WE digital ecosystem, contributing to Egypt’s digital transformation goals.
Al Ahli Bank of Kuwait-Egypt has partnered with Visa to enhance digital payment solutions in Egypt. The strategic agreement will introduce new products, focusing on innovation and security to cater to diverse customer needs. The partnership aims to boost Egypt’s digital transformation and promote the adoption of electronic payments.
