WAMD, Kuwait’s real-time payment system powered by ACI Worldwide and KNET, has quickly gained over one million users since its 2024 launch. The system improves payment speed, security, and convenience, supporting Kuwait’s digital transformation and setting the stage for expanded fintech integration and e-commerce payment solutions.
Google Pay is launching soon in Bangladesh, starting with City Bank cardholders, enabling NFC-based payments and digital wallet use. The move follows its success across South and Southeast Asia, boosting Bangladesh’s digital finance growth alongside local platforms like bKash.
Careem Pay now offers fast, affordable money transfers from the UAE to Jordan, supporting remittances in Jordanian Dinars with next-day processing. The service includes fee-free transfers for new users and discounts for Careem Plus members, facilitating easier support for expatriates and their families.
Egypt’s FRA licenses 16 FinTech companies and enforces cybersecurity across 110 compliant institutions, promoting digital transformation in the non-banking sector. Recent regulations define infrastructure, digital identity, electronic contracting, and outsourcing requirements to ensure secure, stable financial markets amid rapid technology adoption.
SPAYZ.io is expanding into South Africa, Egypt, and Cameroon, offering EFT Bank Transfers and Mobile Money solutions to capture growing digital payment markets. This research-driven expansion targets long-term stability in Africa’s rapidly growing digital economy, set to reach USD 1.5 trillion by 2030.
DG Financial Technology and au Financial Service launch NESTA, a secure, scalable payment platform supporting 40+ payment methods with tokenization and zero downtime. Aligned with KDDI’s growth strategy, NESTA enhances Japan’s digital payments ecosystem, starting with au and UQ mobile services and planning wider expansion.
Benefit highlighted Bahrain’s financial sector as a key driver of Economic Vision 2030 at the Kuwait Public Relations Conference. Emphasizing digital transformation and fintech innovation, Benefit showcased its role in financial inclusion and attracting foreign investment, aligning with national strategies and advancing sustainable economic growth.
Crédit Coopératif plans to acquire fintech Anytime from Orange Bank, enhancing its digital services for associations and social economy organizations. The acquisition supports Crédit Coopératif’s 2025-2030 strategic plan to expand its digital offering and increase market share in the association segment with innovative, tailored financial solutions.
Benefit spotlights Bahrain’s fintech sector as a cornerstone of Economic Vision 2030 at Kuwait PR conference. Emphasizes digital innovation, financial inclusion, and the kingdom’s attractiveness for foreign investment.
Jordanian banks hired 2,613 new employees in 2024, half recent graduates, but face a skills mismatch amid digital transformation. The ABJ calls for education reforms and stronger academia-industry partnerships to equip graduates with skills in AI, cybersecurity, and fintech to meet evolving banking demands.
