HyperPay has secured a licence from the Saudi Central Bank (SAMA) to advance digital payment services in Saudi Arabia. This move supports the company’s expansion and aligns with Vision 2030, aiming to enhance financial efficiency and inclusion. HyperPay also plans to go public in Saudi Arabia by 2025.
Checkout.com has partnered with noqodi to enhance digital payments in the UAE. The integration will simplify payment processes, improve transaction efficiency, and offer secure payment solutions. The partnership aims to support businesses and government entities by providing a wider range of payment methods and accelerating transaction processing.
stc pay Bahrain has partnered with Mastercard Move to enable secure and efficient money transfers to Alipay, China’s leading digital platform. This collaboration enhances stc pay’s offerings, providing consumers and businesses with a reliable remittance service and supporting Bahrain-China economic ties with secure, transparent cross-border payments.
Checkout.com has partnered with noqodi to integrate advanced payment technology into the UAE’s financial ecosystem. This collaboration aims to enhance payment processes for businesses and consumers, offering secure, efficient, and flexible payment solutions. It will streamline transactions, boost operational efficiency, and support economic growth in the region.
PayMint, an Egyptian fintech, has received approval from the Central Bank of Egypt to launch its Meeza prepaid card in collaboration with ADIB-Egypt. The card will allow users to make everyday transactions, with additional features available through PayMint’s mobile app, promoting financial inclusion and supporting Egypt’s paperless society vision.
Mashreq Pakistan has received a restricted license from the State Bank of Pakistan (SBP) to begin pilot operations as a digital retail bank. The bank plans to offer Islamic banking solutions and digital services to millions of retail customers, contributing to financial inclusion and economic development in Pakistan.
Veon Group has invested US$15 million in Mobilink Bank to expand its microfinance offerings, explore Islamic banking, and enhance its digital capabilities. This strategic investment will support financial inclusion and socio-economic development in Pakistan, aligning with Veon’s goals to foster technological innovation and sustainable growth in the financial sector.
Algeria will launch the “DZ MOB PAY” mobile payment system in January 2025, enabling secure smartphone transactions. The platform aims to boost financial inclusion and digitalization, offering free and user-friendly services. With key institutions leading the initiative, it marks a pivotal step in Algeria’s digital payment ecosystem.
VEON Group has invested $15 million in Mobilink Bank to support its growth, focusing on MSME financing, Islamic banking, and digital transformation. The funds will enhance the bank’s operational capabilities, expand its outreach, and introduce innovative services, contributing to Pakistan’s financial ecosystem and digital banking future.
Talaty, a Moroccan fintech company, has secured investment from Witamax and Renew Capital to enhance financial inclusion for SMEs in Morocco and Francophone Africa. The AI-driven platform helps reduce costs and defaults, offering faster credit decisions, and aims to support SMBs with essential financial services across the region.
