Technology news and insights in the Middle East, South Asia, and Africa
Technology News and insights in the Middle East, South Asia, and Africa
Misr Digital Innovation (MDI) has achieved PCI DSS v4.0.1 certification, making it the first in the market to receive the latest version. This certification strengthens MDI’s cybersecurity measures and ensures the highest standards of data protection, enhancing customer trust and positioning the company as a leader in digital banking security.
Xsolla has expanded its payment options in the MENA region to better serve local gamers and boost revenue. New methods, including mobile wallets and carrier billing, are tailored to regional preferences. This expansion aims to enhance accessibility, improve trust, and drive secure transactions for game developers and publishers in MENA.
Visa has launched the Tap-to-Add Card feature in Egypt, allowing cardholders to easily add Visa contactless cards to digital wallets with a simple tap. This innovation enhances security by eliminating manual entry and offers a faster, safer alternative to traditional methods, supporting Egypt’s digital payment landscape and cashless goals.
Fintech Galaxy and ProgressSoft have partnered to promote Open Banking adoption and ensure regulatory compliance across the MENA region. The collaboration enhances financial institutions’ ability to simplify compliance, boost digital transactions, and integrate Open Banking into existing financial systems, driving innovation and scalability in the sector.
Xsolla has expanded its payment options in the MENA region, introducing 11 local payment methods across Egypt, Saudi Arabia, Jordan, and Bahrain. This expansion addresses challenges such as limited payment accessibility and strengthens the company’s ability to support the fast-growing gaming market in the region, enhancing revenue opportunities for developers.
F1Soft, Nepal’s leading fintech company, celebrates its 21st anniversary and announces a leadership transition, with Siddhant Thakuri becoming the new President. F1Soft has been a pioneer in digital financial solutions, including mobile banking and digital wallets. Thakuri aims to accelerate the company’s next phase of growth and innovation.
Mastercard has partnered with Mashreq to launch a digital bank in Pakistan, aiming to drive digital payment adoption, financial inclusion, and economic growth. This collaboration will enhance service delivery, improve security, and support the development of Pakistan’s digital financial ecosystem. The partnership aligns with Pakistan’s Vision 2025 transformation goals.
PayTabs Group has acquired a majority stake in PayTabs Egypt, expanding its digital payment solutions in the country. The acquisition will enhance PayTabs’ ability to support local businesses, financial inclusion, and Egypt’s transition to a cashless society, while continuing to strengthen its position as a regional leader in digital payments.
Bangladesh’s mobile financial services (MFS) reached a record-breaking Tk 1.64 trillion in transactions in December 2024. The country’s total mobile banking transactions for 2024 were Tk 17.37 trillion, marking a 28.42% increase compared to 2023. MFS accounts also grew significantly, reaching 238.6 million by December 2024.
Sadad has partnered with Mastercard to introduce a digital payment gateway in Qatar, powered by Mastercard Gateway. This collaboration enables merchants to offer secure and seamless transactions, enhancing customer experiences and reducing fraud. The platform supports over 30 payment methods, empowering local businesses with advanced payment solutions.