Technology news and insights in the Middle East, South Asia, and Africa
Technology News and insights in the Middle East, South Asia, and Africa
Technology news and insights in the Middle East, South Asia, and Africa
Technology News and insights in the Middle East, South Asia, and Africa
Chari, a Moroccan retail-tech startup, has partnered with Visa to enhance financial inclusion and innovation in Morocco’s fintech ecosystem. The collaboration aims to expand Visa’s presence, facilitate digital payments, and integrate more merchants into the formal financial system, contributing to a more inclusive and accessible economic landscape.
DPI Venture Capital, a new investment unit from DPI, has acquired Egyptian fintech fund manager Nclude, aiming to boost financial inclusion and access across Africa and the Middle East. The firm will focus on seed to Series C investments in tech companies enabling financial services for underserved consumers, particularly in Egypt.
Ethio telecom, in partnership with Siinqee Bank, has launched new mobile financial services and smartphone financing to enhance Ethiopia’s digital economy. The services include savings accounts, microloans, salary-based loans, and device financing, aimed at empowering underserved communities and improving digital inclusion in both rural and urban areas.
Maroc Telecom has partnered with Visa to enhance digital payments and financial inclusion in Morocco and across Africa. The collaboration integrates Visa services with MT Cash, Maroc Telecom’s mobile money solution, aiming to expand digital financial services and support Africa’s digital transformation.
Commercial International Bank – Egypt (CIB) has launched an upgraded internet banking platform, offering a seamless digital experience for customers to manage accounts and perform transactions directly via web browsers. The platform supports various banking services and reflects CIB’s commitment to digital innovation, financial inclusion, and customer-centric solutions.
Khaleeji Bank has launched Visa+, a new digital money transfer service that allows users to send funds across GCC countries using just the recipient’s mobile number. This innovative service enhances security and convenience by eliminating the need for card details, aligning with the bank’s commitment to modern, digital financial solutions.
JazzCash is expanding its regional presence, partnering with du Pay to enable seamless cross-border payments to Pakistan. The collaboration with Western Union allows faster remittances to JazzCash wallets. Additionally, JazzCash aims to drive financial inclusion, focusing on Insurtech, asset fractionalization, and supporting women-led businesses and freelancers.
The MENA Fintech Association (MFTA) has partnered with D2A2 to drive digital asset innovation and Web3 growth across the MENA region. The collaboration will focus on creating a regulatory framework, fostering responsible innovation, and building stakeholder confidence in the digital finance ecosystem.
BENEFIT participated in the “Innovation in Social Housing Sector” Summit, showcasing its digital financial solutions that streamline home financing and payments. The company highlighted its Bahrain Credit Bureau service and BenefitPay app, reinforcing its role in Bahrain’s digital transformation and commitment to enhancing the housing sector and citizens’ financial experiences.
Visa has made strategic investments in Tunisian fintech Konnect and Moroccan startup PayTic, enhancing its commitment to Africa’s fintech ecosystem. These investments are part of Visa’s ongoing USD 1B initiative, empowering startups with funding and mentorship. Konnect offers instant payments via shareable links, while PayTic provides compliance tools for financial institutions.