AFS and Reboot01 Partner to Accelerate Fintech Talent Development Across MEA
Arab Financial Services (AFS), a leading innovator in digital payment solutions across the Middle East and Africa, has announced a…
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ANB’s TeleMoney Partners with Mastercard to Boost Cross-Border Payments in Saudi Arabia
Arab National Bank’s TeleMoney has partnered with Mastercard to enhance cross-border payments through Mastercard Move, enabling transfers to over 160 countries in 150 currencies. The collaboration supports Vision 2030’s digital finance goals amid a 15% rise in remittances, reinforcing Saudi Arabia’s position as a fintech leader.
Bahrain Launches Bulk KYC Service to Enhance Digital Trust and Compliance in Financial Sector
Bahrain’s iGA and Beyon Connect have launched the Bulk KYC Service, allowing financial institutions to verify customer data in bulk directly against national registries. Built on the eKey 2.0 framework, the system enhances regulatory compliance, security, and user convenience. It forms part of Bahrain’s broader push toward a trusted, data-secure financial ecosystem and strengthens its position as a regional leader in digital identity innovation.
Bahrain FinTech Bay and Tether Partner to Advance Blockchain Innovation
Bahrain FinTech Bay has partnered with Tether to drive blockchain innovation and digital asset education in Bahrain. The collaboration builds on the Central Bank of Bahrain’s new stablecoin regulatory framework, aiming to attract global talent and investment while promoting sustainable and compliant blockchain growth. The initiative strengthens Bahrain’s position as a leading fintech and blockchain hub in the GCC.
TeleMoney and Mastercard Partner to Enhance Cross-Border Payments in Saudi ArabiaOctober 20, 2025 — By Jennifer Onyeagoro
TeleMoney, the international remittance arm of Arab National Bank, has partnered with Mastercard to enable seamless global money transfers via Mastercard Move. The partnership supports Saudi Vision 2030 and meets the rising demand for digital remittance solutions. With coverage in over 160 countries and 150 currencies, the collaboration underscores Saudi Arabia’s emergence as a major hub for digital finance and expatriate remittances.
Egypt’s Money Fellows Surpasses $1.5 Billion in Transactions, Achieves Profitability
Egyptian fintech company Money Fellows has surpassed $1.5 billion in transactions, reaching 8 million users and profitability. Operating under the Central Bank’s FinTech Sandbox, the firm offers digital savings circles, prepaid cards, and smart savings tools, supporting Egypt’s financial inclusion goals.
SPAYZ.io Expands Payment Network to Turkey, Egypt, South Africa, and Tanzania
SPAYZ.io has expanded its network to Turkey, Egypt, South Africa, and Tanzania, adding new payment integrations including Mobile Money, EFT, and bank transfers. The company will next launch in the UAE and Singapore and present its solutions at SIGMA Rome 2025.
Morocco’s FinTech Chari Raises Record $12 Million Series A, Secures Payment Institution Licence
Morocco’s Chari has raised $12 million in Series A funding led by SPE Capital and Orange Ventures — the country’s largest to date. The YC-backed startup also secured a payment institution licence, paving the way for a merchant super app and Banking-as-a-Service offering.
PayTabs Egypt and Valu Launch Smart Contactless Payment App for Merchants
PayTabs Egypt and Valu have launched a QR-powered merchant app that enables contactless smartphone payments, replacing POS hardware. The solution enhances financial inclusion, reduces costs, and supports Egypt’s digital payment transformation.
BENEFIT and Pay10 Partner to Strengthen Bahrain’s Digital Payments Ecosystem
BENEFIT and Pay10 signed an MoU to enhance Bahrain’s digital payments ecosystem through interoperability, eKYC integration, and SME support. The partnership promotes secure, cross-border, and cashless transactions aligned with Bahrain’s fintech innovation and Vision 2030 goals.