Technology news and insights in the Middle East, South Asia, and Africa
Technology News and insights in the Middle East, South Asia, and Africa
Technology news and insights in the Middle East, South Asia, and Africa
Technology News and insights in the Middle East, South Asia, and Africa
Telr has partnered with UAE fintech Kema to revolutionize B2B payments. The integration offers SMEs secure multi-currency transactions, automated invoicing, and cash flow optimization, combining regulatory compliance with innovation to boost on-time payments and streamline financial operations.
Sindbad Tech has raised SAR18M ($4.8M) to expand its autonomous finance solutions, backed by Alkhabeer Capital. The funding supports Saudi Vision 2030 goals of digital transformation, positioning the firm to deliver AI-driven, efficient financial tools for both enterprises and individuals across the Kingdom.
NBK has upgraded its Mobile Banking App with new features including in-app Fixed Savings Account opening, simplified standing orders, extended refund periods, and enhanced access recovery. These updates aim to strengthen customer convenience and reinforce NBK’s position as Kuwait’s leading digital banking provider.
Valu and MobileMasr have launched Egypt’s first peer-to-peer BNPL service for pre-owned smartphones, combining secure diagnostics, identity verification, and flexible financing. The partnership formalizes the informal secondhand phone market, boosts affordability, extends device lifecycles, and introduces a new growth avenue for Egypt’s digital economy.
CASHPLUS and PayPal have launched Morocco’s first instant digital PayPal withdrawal service, allowing users to access funds in local currency directly via mobile. The move boosts freelancers, SMEs, and the digital workforce, while advancing Morocco’s financial inclusion and digital economy goals.
Egyptian fintech MNT-Halan is expanding its GCC presence with new services in the UAE and plans to launch in Saudi Arabia. Targeting underserved consumers, the unicorn is betting on its experience in Egypt to tap into Saudi’s unbanked population, supported by fintech-friendly regulations and growing digital adoption.
Valu has teamed up with MobileMasr to launch Egypt’s first peer-to-peer BNPL service for pre-owned smartphones. The platform combines flexible installment plans with secure diagnostics, identity verification, and digital contracts, making second-hand devices more affordable, safer, and environmentally sustainable while transforming the informal mobile resale market.
Telecom Review Africa’s webinar highlighted fintech’s potential to add USD 47 billion to Africa’s economy by 2028. Experts emphasized inclusion, mobile-first services, interoperability, and partnerships with banks and telcos as key drivers. Closing the MSME credit gap, expanding digital literacy, and leveraging AI, blockchain, and open banking will define Africa’s fintech future.
EdVentures has invested in LRNOVA, backing its AI-powered platform that digitises curricula into interactive learning content with Arabic and cultural localisation. The deal positions LRNOVA for Gulf expansion and reflects a shift toward applied AI in MENA edtech, with institutional adoption as the key growth lever.
Network International has partnered with Libya’s National Union Bank to advance digital payments. The fintech will provide prepaid card issuance, fraud prevention, and managed services under its Digital Payments as a Service model, supporting NUB’s digital transformation and Libya’s broader financial inclusion goals.