NymCard has raised $33 million in Series B funding, led by QED Investors, to enhance its embedded finance platform across MENA. The investment will strengthen its payment infrastructure solutions in card issuing, embedded lending, and money movement. NymCard’s modular APIs empower businesses to innovate and scale across diverse markets.
Sri Lanka’s Central Bank is hosting a digital payments promotion event in Nuwara Eliya to encourage mobile payment app registrations. The event will provide a platform for service providers and MSMEs to showcase mobile payment tools, offering discounts and fostering awareness of secure, cost-effective digital transactions.
Basata Pay is transforming Egypt’s financial landscape by offering secure, user-friendly digital payment solutions. With over 40 million users, the platform connects service providers, merchants, and consumers, allowing seamless payments for various services. Spanning all 27 governorates, it boasts 150,000 points of sale nationwide, driving financial inclusion.
Thawani Technologies has secured a spot on Forbes Middle East’s Top 50 Fintech Companies for the second year, advancing to 36th place in 2025. The company’s growing influence in Oman’s fintech sector reflects its commitment to digital transformation and financial inclusion, aligning with Oman Vision 2040.
Contact Financial Holding and Fawry have expanded their partnership to integrate Contact’s BNPL service into Fawry’s extensive payment network. The collaboration enhances financial inclusion and supports Egypt’s digital transformation, offering customers more payment flexibility and easier access to digital financial services.
BankDhofar has partnered with Smartech to offer advanced POS solutions for SMEs in Oman. This integration of accounting and payment systems simplifies financial management, enhances cash flow, and boosts operational efficiency. The solution is tailored for retail, restaurants, and laundry services, streamlining processes and ensuring seamless payment acceptance.
Cashplus in Morocco has integrated Western Union’s money transfer services into its mobile app, enabling users to receive and send money internationally. This innovation aims to increase financial accessibility for Moroccans and residents receiving funds from abroad, contributing to the country’s growing remittance inflows.
Visa has partnered with Google to allow cardholders in Jordan to add their Visa cards to Google Wallet. This integration enables contactless payments through Android and Wear OS devices, enhancing convenience for both locals and tourists. Tokenization ensures secure transactions, aligning with the growth of cashless payments in Jordan.
Mylo, a fintech company from B.TECH, has received FRA approval to offer fully digital onboarding services in Egypt, eliminating the need for in-person KYC verifications. The service, available in key Egyptian cities, will allow users to gain instant access to credit. Mylo is expanding nationwide to increase financial inclusion.
JazzCash has integrated its debit cards with Google Wallet, allowing users to make secure and seamless tap-to-pay transactions. This enhancement strengthens JazzCash’s payment solutions portfolio and provides millions of Pakistanis with more convenient, digital financial services. The feature offers added security through tokenization technology and account protection options.
