Technology news and insights in the Middle East, South Asia, and Africa
Technology News and insights in the Middle East, South Asia, and Africa
Iraq’s new MFTA chapter aims to accelerate fintech adoption and regulatory progress, supporting the country’s digital economy and financial inclusion goals under visionary leadership.
Pakistan plans to enable secure remittances from overseas workers, especially in Gulf countries, via PayPak. The initiative aims to digitize payments and improve access for millions of Pakistanis abroad.
Vodafone Qatar’s iPay app offers USD 2.75 cashback on international transfers, promoting digital payments aligned with Qatar’s 2030 cashless economy goals. The operator-agnostic app supports fast, secure remittances and merchant payments, in partnership with Gulf Exchange and other financial institutions.
Google Pay launched in Oman with support from Sohar Bank, enabling contactless payments for international cardholders on Android. The service complements Oman’s digital payments growth alongside Apple Pay and Samsung Pay, enhancing security and reducing cash reliance.
Valu secured Central Bank of Jordan approval to launch BNPL services, offering flexible payment plans to consumers and merchants. Supported by strategic partnerships and recent EGX listing, Valu aims to enhance financial inclusion and economic growth in Jordan’s dynamic market.
Benefit fintech roadmap focuses on AI partnerships, SME payment solutions, and cross-border interoperability to accelerate Bahrain’s digital financial ecosystem.
Bahrain’s Beyon Money Business and EazyPay launch a co-branded POS ecosystem enhancing merchant payments with Flexi Wallet integration and real-time analytics.
LemFi launches in Egypt, targeting its $29.6B remittance market and diaspora in the US, UK, and Europe. The fintech leverages rising digital payments and aims to expand further in North Africa and beyond.
Airtel Money Tanzania partners with TCDC to provide mobile payments, affordable smartphones, income credits, and financial education to farmers. The move follows a successful pilot that improved payment transparency and access to financial tools for smallholder farmers.
Tarmeez Capital raised strategic funding from stc group’s Tali Ventures to accelerate its sukuk fintech platform, expanding Sharia-compliant finance access and supporting Saudi Arabia’s Vision 2030 goals.