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
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.
HyperPay has secured a licence from the Saudi Central Bank (SAMA) to advance digital payment services in Saudi Arabia. This move supports the company’s expansion and aligns with Vision 2030, aiming to enhance financial efficiency and inclusion. HyperPay also plans to go public in Saudi Arabia by 2025.
Checkout.com has partnered with noqodi to enhance digital payments in the UAE. The integration will simplify payment processes, improve transaction efficiency, and offer secure payment solutions. The partnership aims to support businesses and government entities by providing a wider range of payment methods and accelerating transaction processing.
stc pay Bahrain has partnered with Mastercard Move to enable secure and efficient money transfers to Alipay, China’s leading digital platform. This collaboration enhances stc pay’s offerings, providing consumers and businesses with a reliable remittance service and supporting Bahrain-China economic ties with secure, transparent cross-border payments.
Checkout.com has partnered with noqodi to integrate advanced payment technology into the UAE’s financial ecosystem. This collaboration aims to enhance payment processes for businesses and consumers, offering secure, efficient, and flexible payment solutions. It will streamline transactions, boost operational efficiency, and support economic growth in the region.