MoneyGram has partnered with Comera Pay to offer seamless cross-border remittances from the UAE to over 200 countries via MoneyGram’s global network. Integrated into the Comera app, this collaboration supports the UAE’s transition to a cashless society, leveraging Comera Pay’s recent approval by the UAE Central Bank.
LankaPay has become Sri Lanka’s digital backbone, driving economic growth through secure digital payment solutions. In 2023, its transactions exceeded the nation’s GDP, highlighting its impact on financial efficiency. With innovations like SLIPS, JustPay, and LankaQR, LankaPay is revolutionizing payments, fostering inclusivity, and enhancing government revenue collection.
Fonepay, Nepal’s leading payment network, has launched its first virtual credit card in collaboration with Compass Plus Technologies. The service offers a secure, flexible, and cost-effective digital payment solution for local financial institutions, with the goal of transforming Nepal’s payment ecosystem and providing a strong alternative to international card networks.
Swypex has partnered with Visa to revolutionize business payments in Egypt, offering solutions that streamline financial operations, improve efficiency, and manage corporate spending. With rapid growth since its 2024 launch, Swypex equips businesses with corporate cards and smart controls, providing real-time tracking and seamless ERP integration.
Qatar Central Bank has launched a regulatory framework for digital banks to enhance the country’s financial sector. This move supports Qatar’s digital economy and financial inclusion, allowing 24/7 banking through mobile and online platforms. The framework aims to reduce costs and foster innovation in line with Qatar National Vision 2030.
Jazeera Airways and Bahrain Exchange Company have launched Travel Cash, a service that allows travelers to quickly and securely exchange currency while booking flights. With a fast “Click, Pick, and Go” experience, passengers can pick up their currency at BEC branches or Jazeera Terminal 5, offering a more efficient solution.
Reem Finance has partnered with Temenos to launch a digital community bank in the UAE, utilizing Temenos’ cloud-based core banking platform. This collaboration aims to drive innovation, streamline operations, and deliver seamless banking services to retail and corporate customers, enhancing financial inclusion and positioning Reem Finance for future growth in the sector.
Visa, Network International, and Gate To Pay have partnered to enhance digital payments in Jordan, aiming to build a more inclusive and digitally connected financial ecosystem. The collaboration will address gaps in the financial sector and support economic growth, helping make digital payments a core component of Jordan’s digital transformation.
Sohar International has launched its fully digital E-Mandate Direct Debit solution, streamlining recurring payments for individuals and businesses. This initiative enhances efficiency, security, and convenience while promoting sustainability by reducing paper usage. The new service reflects the bank’s commitment to financial innovation and aligns with Oman’s digital transformation efforts.
Geidea is expanding its innovative SoftPos service to Egypt after successful rollouts in Saudi Arabia and the UAE. This technology enables merchants to accept payments directly via smartphones, eliminating the need for traditional POS devices. Geidea’s SoftPos is part of their broader strategy to drive digital transformation in the region.
