Finhaat is expanding its financial services with the launch of Finhaat Wealth, a tech-driven wealth management platform for distributors and end users. Building on its success in the insurance sector, the platform aims to provide wealth solutions to India’s aspirational and emerging markets, enhancing financial inclusion.
Cairo Amman Bank has partnered with Mastercard to improve cross-border money transfers for its customers in Jordan using Mastercard Move’s capabilities. This collaboration aims to enhance financial inclusion and facilitate secure, efficient payments to 37 countries. The partnership also includes tailored fraud analytics and risk control services.
JazzCash has revealed a three-year roadmap to accelerate Pakistan’s transition to a cashless society, aiming to integrate the informal economy, boost financial inclusion, and increase tax compliance. With nearly 20 million active users, JazzCash is a key player in driving digital payments and expanding its regional footprint.
TESS Payments has partnered with Al Fardan Exchange to enhance digital payments in Qatar. This collaboration aims to improve the efficiency and security of financial transactions, aligning with Qatar’s national vision for digital innovation. The partnership combines fintech innovation with Al Fardan’s industry expertise to advance remittance solutions.
Thunes has integrated PayPal’s Hyperwallet into its Direct Global Network, enabling real-time fund transfers to over 450 million mobile wallets and bank accounts across six APAC countries. This partnership enhances Hyperwallet’s ability to support cross-border payments through Thunes’ extensive network and payment capabilities.
The Saudi Central Bank (SAMA) has granted HyperPay a license to offer digital payment services via an electronic wallet in Saudi Arabia. This move supports the Kingdom’s Vision 2030 by promoting cashless transactions and digital transformation in the financial sector, contributing to financial inclusion and innovation.
Bank Alfalah has acquired a 9.9% stake in Jingle Pay, a rapidly growing fintech in the MENAP region. The partnership aims to enhance cross-border payments and digital banking, with Jingle Pay planning to launch its digital banking services in Pakistan in 2025. This collaboration strengthens both companies’ positions in global finance.
The Nclude Fund, with over $105 million in capital, has invested $24.5 million into 8 fintech startups, boosting Egypt’s fintech sector. Managed by Development Partners International (DPI), the fund aims to encourage foreign investment and position Egypt as the MENA region’s fintech innovation hub.
stc pay has partnered with Mastercard Move to become the first in Bahrain to offer secure remittances to Alipay, China’s leading digital platform. This collaboration enhances stc pay’s digital ecosystem, providing secure, efficient international transactions between Bahrain and China, and aligning with both nations’ strategic business cooperation.
Bank Alfalah has acquired a 9.9% stake in Jingle Pay, a UAE-based fintech specializing in cross-border remittances. The partnership will enhance Bank Alfalah’s digital transformation and support Jingle Pay’s expansion, including a planned launch in Pakistan in early 2025. Jingle Pay processed $1 billion in remittances in 2024.
