Jordan’s digital payments have skyrocketed to 19.2 billion dinars in just eight months, a 54% increase from last year, driven by popular platforms like “Click,” “Jumobi,” and “eFAWATEERcom.” This surge reflects a significant shift towards digital financial solutions in the country.
SETTLE, an Egypt-based B2B payment platform, has raised $2 million in pre-seed funding to enhance business financial operations. The investment aims to expand SETTLE’s global footprint and integrate real-time financial data tools, revolutionizing how businesses manage payments and treasuries.
stc pay has introduced the Corporate Prepaid Card in Bahrain, designed to offer businesses enhanced financial control and efficiency. This new solution includes features like attractive cashback on transactions, advanced security, and global acceptance, further establishing stc pay as a leader in the fintech sector.
CBI Governor Ali Al-Alaq announced that Iraq is set to surpass its neighbors in digital banking. With applications from over 70 banks for digital operations, Iraq embraces AI and big data to enhance financial services, expecting transaction volumes to reach $7 trillion by 2027.
PayTabs Egypt partners with Souhoola to expand its BNPL offerings, enhancing e-commerce payment options and competitiveness. This strategic alliance aims to meet consumer demands for convenience and support Egypt’s progression towards a cashless society.
Connectly raises $20 million in Series B funding, driven by its innovative AI technology that enhances personalized customer interactions, promising a more engaging retail experience.
Paymob is revolutionizing digital payments across the MENA region, expanding its services and merchant base while embracing technological innovations to enhance financial inclusivity and operational efficiency.
PTCL partners with Mastercard to launch a versatile UPaisa debit card, enhancing digital payments across Pakistan and globally, with improved security and convenience.
Fawry expands its digital payment services by acquiring a majority stake in Svreico’s administrative building, enhancing facilities and infrastructure to support its growth.
Arab Financial Services and Lune Technologies partner to enhance financial data services, offering advanced analytics and data enrichment to improve decision-making and user experiences in the financial sector.
