CBI Governor Ali Al-Alaq announced that Iraq is set to surpass its neighbors in digital banking. With applications from over 70 banks for digital operations, Iraq embraces AI and big data to enhance financial services, expecting transaction volumes to reach $7 trillion by 2027.
PayTabs Egypt partners with Souhoola to expand its BNPL offerings, enhancing e-commerce payment options and competitiveness. This strategic alliance aims to meet consumer demands for convenience and support Egypt’s progression towards a cashless society.
Connectly raises $20 million in Series B funding, driven by its innovative AI technology that enhances personalized customer interactions, promising a more engaging retail experience.
Paymob is revolutionizing digital payments across the MENA region, expanding its services and merchant base while embracing technological innovations to enhance financial inclusivity and operational efficiency.
PTCL partners with Mastercard to launch a versatile UPaisa debit card, enhancing digital payments across Pakistan and globally, with improved security and convenience.
Fawry expands its digital payment services by acquiring a majority stake in Svreico’s administrative building, enhancing facilities and infrastructure to support its growth.
Arab Financial Services and Lune Technologies partner to enhance financial data services, offering advanced analytics and data enrichment to improve decision-making and user experiences in the financial sector.
Contact Pay has partnered with Basata Pay to strengthen Egypt’s digital payment infrastructure. This collaboration will expand the reach of inclusive financial services across the country, offering innovative digital payment solutions and supporting Egypt’s digital transformation.
Saudi Arabia is advancing its Vision 2030 goal to become a global FinTech hub. With robust investments in digital payments, alternative financing, and regulatory frameworks, the Kingdom is witnessing rapid growth in FinTech startups, driving innovation and financial inclusion across various sectors.
Network International and ruya have partnered to revolutionize digital Islamic banking in the UAE. This collaboration will integrate advanced payment technology with Shariah-compliant services, enhancing the customer experience with faster transactions, security, and convenience in digital banking.
