Kuwait-based fintech startup Krti has closed a $1.5 million pre-seed investment round with Core Vision Investment. The funding supports the upcoming launch of Krti’s innovative loyalty program, aimed at maximizing the benefits of users’ bank cards in Kuwait and Saudi Arabia.
Dell Technologies has partnered with Alinma Bank to enhance the bank’s digital transformation initiatives in Saudi Arabia. The memorandum of understanding, signed during the 24th Fintech Summit, will focus on developing innovative data center solutions and leveraging Dell APEX to provide flexible IT services, enhancing Alinma Bank’s technological capabilities.
Network International has partnered with AlWasleh to enhance buy now, pay later services across the Middle East. This collaboration will enable seamless installment payment solutions and exclusive discounts for customers, while also allowing AlWasleh to introduce co-branded Visa credit cards, expanding their reach and improving consumer experiences.
PayTabs Egypt has partnered with Ollin, Global Corp’s lifestyle financing platform, to enhance consumer finance management through innovative digital payment solutions. The collaboration aims to simplify payment processes and improve customer experience, addressing the growing demand for convenient financing options across various sectors in the Egyptian market.
Visa’s “Money Travels: 2024 Digital Remittances Adoption” report reveals that 56% of UAE remittance users plan to increase digital money transfers. The study highlights the importance of fast, secure payments for expatriates supporting families abroad and emphasizes the growing preference for digital applications in the remittance process.
Rakbank and Magnati have teamed up to introduce a new SME financing platform, allowing merchants to access credit facilities through real-time transaction data from Magnati’s POS system. The platform offers services like business loans, equipment financing, and more, helping SMEs enhance their financial capabilities.
Saleem Ullah, Deputy Governor of the State Bank of Pakistan, highlighted the SBP’s commitment to supporting digital transformation in the financial sector during a ceremony celebrating the 25-year partnership between Innovative Pvt Ltd and Diebold Nixdorf. This collaboration aims to enhance banking innovation and customer experience in Pakistan.
Google will transition payments for services like AdSense and YouTube AdSense in Egypt from USD to EGP starting May 1, 2025. This move aims to support local content creators and aligns with efforts in other countries. Users will need to link bank accounts for local currency transactions and access their payment history.
PayerMax has partnered with SAB to enhance digital payments in Saudi Arabia, aiming to streamline onboarding for local merchants and facilitate seamless global transactions. This collaboration aligns with the Kingdom’s Vision 2030 goals and focuses on integrating innovative payment solutions across various sectors.
Finastra has partnered with Sonali Bangladesh UK (SBUK) to implement Finastra Essence, a cloud-based core banking solution that supports both Shariah-compliant and conventional banking. This collaboration aims to enhance SBUK’s digital offerings and streamline banking operations, meeting the diverse needs of its corporate and banking clients.
