Qatar Central Bank has introduced the ‘Multiple Wallets per Mobile Number’ feature in the Qatar Mobile Payment system, allowing users to open two wallets under different payment service providers. This initiative enhances user experience, supports competition and innovation, and promotes financial inclusion in line with the Third Financial Sector Strategy.
PayTic, a Moroccan fintech startup, has raised $4 million to expand its payment automation solutions into North and Sub-Saharan Africa. The funding will support the company’s mission to streamline payment processes for card issuers, including reconciliation and chargeback management, tapping into Africa’s growing digital payments market.
e& Egypt has introduced an instant cross-border remittance feature in its digital wallet, allowing users in Egypt to receive money from the UAE and Saudi Arabia. This service, developed with Banque du Caire, aims to streamline financial transactions, enhance financial inclusion, and reduce reliance on cash in Egypt.
Robi and Airtel users can now link their bKash accounts to the “My Robi” and “My Airtel” apps for easy, PIN-free payments. bKash has also become a preferred payment partner, allowing customers to purchase plans and open bKash accounts directly within the apps, enhancing digital payment convenience and security.
Telecom companies are expanding into fintech, offering digital wallets, cross-border payments, and financial services. By leveraging customer data and payment infrastructures, they are enhancing financial inclusion and creating seamless, secure financial experiences. This collaboration between telecom and fintech sectors is transforming the digital economy and offering new growth opportunities.
Nepal’s digital payment landscape is growing rapidly, with QR code transactions increasing by 230% in volume and 210% in value from FY2021–2024. Mobile banking and digital lending are also expanding, while cross-border payments with India and China are growing. This digital transformation supports financial inclusion and economic growth.
e& Egypt has launched its first international mobile transfer service, allowing users to send and receive money instantly via the e& Cash wallet app. Initially available for transfers between Egypt, the UAE, and Saudi Arabia, the service simplifies cross-border remittances and contributes to Egypt’s growing financial inclusion.
Al Ansari Financial Services has completed its $200 million acquisition of BFC Group Holdings, expanding its market leadership in the Gulf region. The acquisition increases its customer base by 29% and branch network by 60%, while enhancing its digital and AI capabilities to further strengthen its position in financial services.
Saudi Awwal Bank and United Pharmaceuticals have completed Saudi Arabia’s first digital Islamic supply chain finance transaction. The initiative streamlines payments and enhances working capital management for suppliers through a Shariah-compliant, automated platform. This marks a significant step in integrating Islamic finance and digital transformation in the Kingdom.
PayTic, a Moroccan fintech startup, has secured $4 million in funding to enhance its payment automation solutions and expand into North and Sub-Saharan African markets. The investment will help the company address the growing demand for efficient payment processing in Africa’s rapidly expanding digital payments economy.
