UAE’s Aani Platform Sees Strong Growth in Digital Payments, Expanding Peer-to-Peer and Business Services

Aani, the UAE’s central bank-backed instant payment platform, has enrolled 1.5 million users and is on track to drive further digital payments adoption. The platform facilitates real-time transfers via mobile numbers, emails, and QR codes, with plans for expanded features like QR payments for businesses, international remittances, and direct debits.

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Kuwait International Bank Launches “Fast Transfer” Service for Instant International Remittances

Kuwait International Bank (KIB) has launched “Fast Transfer,” a new international remittance service in collaboration with Visa. Available through KIB’s mobile banking app, the service offers instant, transparent, and fee-free transfers to 40 international destinations. This service enhances KIB’s position as a leader in digital banking innovation in Kuwait.

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Fawry Invests EGP 80 Million in Three Egyptian Tech Companies to Expand Business Solutions

Fawry has made strategic investments totaling EGP 80 million in three Egyptian tech companies—Dirac Systems, Virtual CFO, and Code Zone. These investments expand Fawry’s “Fawry Business” suite, enhancing its ERP, financial management, and digital payment solutions for businesses, driving Egypt’s digital transformation and contributing to its cashless economy.

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Egypt’s Fintech Landscape Unveiled in New Report, Highlighting Growth and Opportunities

Entlaq, in collaboration with the Netherlands Enterprise Agency (RVO) and the Embassy of the Netherlands, launched a Fintech Report highlighting Egypt’s growing financial technology sector. The report outlines key trends, challenges, and opportunities, positioning Egypt as a leader in MENA’s fintech space and emphasizing the importance of financial inclusion.

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