Technology news and insights in the Middle East, South Asia, and Africa
Technology News and insights in the Middle East, South Asia, and Africa
LemFi launched money transfer services to Egypt, leveraging rapid remittance growth and offering fast, low-cost transfers to support the Egyptian diaspora in key global markets.
Green Fintech uses AI, blockchain, and digital tools to promote sustainable finance, democratize green investing, and support climate resilience, offering Bangladesh a pathway to integrate digital growth with urgent environmental priorities.
BENEFIT revealed its 2025-2026 strategy focusing on SME payment solutions, cross-border interoperability, AI partnerships, and global expansion to strengthen Bahrain’s digital finance ecosystem.
Beyon Money Business partnered with EazyPay to launch a co-branded POS integrating Flexi Wallet, enabling fast, secure payments, real-time analytics, faster settlements, and earnings growth, strengthening Bahrain’s digital payments ecosystem.
Saudi Arabia leads globally in mobile shopping with two-thirds of purchases via smartphones but faces high payment failures and friction, despite advanced infrastructure under Vision 2030. The kingdom’s digital payment adoption is strong, yet user experience issues reveal gaps needing urgent attention for seamless cashless transition.
Beyon Money Business and EazyPay have joined forces to launch a co-branded POS solution integrating digital wallet features with a trusted payment network, offering Bahrain’s merchants enhanced payment flexibility, real-time analytics, faster settlements, and new earnings opportunities, thereby advancing the country’s fintech ecosystem.
Pay10’s licensing by Bahrain’s Central Bank is a key step in expanding its fintech footprint, enabling it to offer real-time, mobile-first payment solutions integrated with Bahrain’s domestic rails. This supports the Kingdom’s financial inclusion goals amid rapid digital transaction growth. Pay10 targets SMEs underserved by traditional systems, providing a modern, scalable platform for diverse payment needs.
Ecobank and Google Cloud have partnered to transform African financial services using AI and advanced analytics. The collaboration aims to enhance payment and remittance solutions, improve SME financing, and develop user-friendly digital banking platforms across 33+ African countries, supported by Google Cloud’s technology and expert services.
Oman’s Central Bank has made IBAN mandatory for all domestic bank transfers from July 1, 2025, aiming to boost transaction accuracy and speed. Following successful IBAN implementation for international payments, this policy ensures greater financial security and aligns Oman with global banking standards.
Morocco’s HPS Switch has rebranded as Switch Al Maghrib (SWAM) and gained recognition as a system of economic importance under new financial infrastructure reforms. With upgraded Active-Active infrastructure, SWAM supports millions of transactions and prepares to launch instant payments. The platform promotes inclusivity by integrating fintechs and aims to secure Morocco’s financial sovereignty while offering competitive rates and enhancing merchant value.