Technology news and insights in the Middle East, South Asia, and Africa
Technology News and insights in the Middle East, South Asia, and Africa
Paymentology has entered into a referral partnership with Zand Bank to provide fintechs and startups in the UAE with crucial financial services. This collaboration aims to support the UAE’s digital economy by offering infrastructure, compliance support, and services like BIN-sponsorship and virtual IBANs, helping new businesses scale efficiently.
Travelers from Asia and Europe can now make mobile payments at over 875,000 merchants in Nepal, thanks to a partnership between Nepal Clearing House Limited (NCHL) and Ant International. The service, which supports multiple payment apps, aims to boost tourism and enhance global payment connectivity in Nepal.
Jordan Source participated in the Singapore Fintech Festival to strengthen global partnerships and promote Jordan as a hub for ICT investments. The program highlighted the Kingdom’s innovations and its skilled workforce, aiming to attract international business and investors to support growth in the ICT sector.
Tranglo has expanded its cross-border payment services to the GCC, helping over 31 million migrant workers send money more efficiently. The move supports financial inclusion and remittances growth, enhancing the ease and affordability of cross-border transactions in the region.
Dubai Chambers has partnered with fintech company Noqodi to support the ‘Cashless Dubai’ strategy. This collaboration aims to streamline secure digital payment options across all business services, enhancing customer experience and operational efficiency.
Nepal Clearing House Limited and Ant International have launched a cross-border payment feature between NEPALPAY QR and Alipay+, allowing travelers from ten regions to use their native e-wallets at over 875,000 merchants in Nepal. This initiative supports Nepal’s tourism and digital payment integration, enhancing convenience for international visitors.
A study in the International Journal of Economics and Business Research highlights how digital transformation is enhancing efficiency in Jordan’s financial systems. Researchers from Al-Hussein Bin Talal University found that adopting digital tools improves decision-making and positions companies for competitive advantage, fostering economic growth in the Jordanian economy.
Huawei Cloud has hosted its first Fintech Summit 2024 in Egypt, focusing on cloud services for the fintech sector. The event showcased solutions like Huawei Cloud KooVerse, addressing security compliance and digital transformation needs. It emphasized the importance of cloud technology in driving financial inclusion and supporting Egypt’s Vision 2030.
T-Vencubator has launched Tafweela, a transformative payment solution for the transportation sector in Egypt, founded by Marwan El Shayeb. This initiative aims to streamline operations and expand into B2C markets while benefitting from T-Vencubator’s comprehensive support to navigate a competitive landscape and regulatory challenges.
Saudi fintech leader Tamam has partnered with ZainTECH, Fico, and Lean Technologies to create an AI-driven credit assessment model, enhancing financial inclusion in line with Vision 2030. This collaboration aims to revolutionize the consumer finance landscape by integrating advanced technology and open banking solutions.