Visa has marked 40 years in Saudi Arabia by opening an innovation center in Riyadh and a new office in the King Abdullah Financial District. This initiative aims to advance payment solutions and support the Kingdom’s Vision 2030 by enhancing digital commerce and fostering fintech partnerships across the region.
Network International has partnered with Ant International to enhance digital payment solutions across the Middle East and Africa. The collaboration aims to leverage Alipay+ Wallet Tech for e-wallet capabilities and expand payment solutions, providing seamless QR code payment experiences for consumers using their preferred digital payment methods.
Mondia has partnered with Amazon to introduce mobile carrier billing for Prime membership in Egypt, enhancing payment accessibility. This integration allows users to sign up for Prime via their mobile carriers, promoting digital inclusion and providing a seamless checkout experience while benefiting from various shopping and entertainment perks.
Orange Money has partnered with Mastercard to enable millions of users to access digital payments via Mastercard’s global network by 2025. Customers can obtain virtual or physical debit cards linked to their Orange Money wallets, allowing local and international transactions, thereby promoting financial empowerment in underserved communities across seven African countries.
Pakistan’s fintech industry is experiencing rapid growth, with branchless banking accounts increasing significantly. However, low financial literacy remains a challenge, leaving many vulnerable to fraud. Initiatives like the National Financial Literacy Program aim to address these issues, ensuring that the benefits of fintech are accessible to all citizens.
Telr has expanded its services into Jordan and Bahrain, enhancing the MENA region’s e-commerce sector. This move enables businesses to accept online payments and manage transactions efficiently, supporting local enterprises in reaching both local and global markets while contributing to economic growth and digital transformation.
Qatar Central Bank (QCB) has launched the FAWRAN instant payment service through the national e-Commerce Gateway (QPay). This service enables merchants to accept payments without requiring bank cards, offering multiple payment options for customers while adhering to high security standards for local transactions.
The Aani payment platform is transforming digital transactions in the UAE, allowing instant payments for consumers and small merchants. Launched in October 2023, it has enrolled over 1 million customers, making it a cost-effective solution for businesses to accept digital payments easily, enhancing customer engagement and satisfaction.
Mastercard has launched a world-class technology infrastructure in Saudi Arabia to facilitate local e-commerce transaction processing. This initiative aims to enhance the digital payments experience for consumers and partners while supporting the Kingdom’s economic diversification goals and digital transformation efforts in alignment with Saudi Vision 2030.
Hala Payments has joined the Saudi Unicorn Program, enhancing its position in the fintech sector. This partnership provides access to strategic resources aimed at expanding market reach and driving innovation. Hala’s commitment to financial inclusion for SMEs aligns with Saudi Arabia’s Vision 2030 goals, fostering economic growth in the region.
