SAMA has launched Samsung Pay in Saudi Arabia, integrated with the national payment system mada, to enhance the country’s digital payments infrastructure. This aligns with Saudi Vision 2030’s goals of financial inclusion and expanding fintech solutions, helping the region strengthen its position in the global fintech landscape.
Jordan’s Association of Banks has launched FinApp.jo, the country’s first Financial Awareness Platform, to improve financial literacy and inclusion. The platform, developed with the Central Bank of Jordan and local institutions, focuses on banking, financial literacy, entrepreneurship, and fintech to promote responsible financial behavior and economic growth.
Apple has launched Tap to Pay on iPhone in the UAE, enabling businesses to accept in-person, contactless payments using just their iPhone. The feature supports payments via credit/debit cards, Apple Pay, and other digital wallets, offering a secure, hardware-free solution for merchants, backed by encryption and privacy protection.
Worldline and Telr have partnered to launch an e-commerce payment solution tailored for the UAE market, simplifying online payments and offering global businesses optimized transactions. Meanwhile, MoneyGram and Comera Pay have teamed up to enable seamless cross-border remittances via the Comera app, boosting the UAE’s fintech ecosystem.
Saudi Arabia has launched Samsung Pay, integrated with the national mada payment network, offering a secure and seamless mobile payment solution. This move supports the country’s Vision 2030 goals of advancing digital infrastructure and financial inclusion. The service includes advanced security features and is part of broader fintech regulations by SAMA.
PayTabs has partnered with Concept Combined Group Kuwait to launch PayTabs Kuwait, aiming to expand digital payment services in the country. The initiative will offer advanced payment solutions, focusing on SMEs, and align with Kuwait’s economic vision for 2035 by improving digital infrastructure and meeting growing demand for secure payment processing.
Fonepay, Nepal’s largest interoperable payment network, has launched its first virtual credit card in collaboration with Compass Plus Technologies. The digital credit card is available through mobile banking apps and accepted at over 1.5 million merchants. It aims to enhance the country’s digital payment infrastructure and financial inclusion.
BBK has deployed SymphonyAI’s AI-driven anti-money laundering technology to enhance its transaction monitoring and customer due diligence processes across multiple countries. The AI-powered solution helps the bank improve financial crime detection, reduce false positives, and ensure compliance with evolving regulations in Bahrain, Kuwait, India, Turkey, and the UAE.
Contact Pay has expanded its partnership with eKhales, a digital payment platform, enabling customers to pay installments and bills through eKhales’ network of over 600,000 point-of-sale (PoS) terminals across Egypt. This collaboration, announced at Cairo ICT 2024, enhances flexibility and accessibility for Contact customers nationwide.
The Bank of Bahrain and Kuwait (BBK) has deployed SymphonyAI’s AI-based anti-money laundering (AML) technology to enhance its transaction monitoring and compliance processes across multiple regions. The scalable platform improves detection accuracy, reduces false positives, and adapts to evolving regulations, strengthening BBK’s fight against financial crime.
