Bahrain FinTech Bay Launches MENA Innovation Academy to Boost Fintech Talent
The academy will offer diverse courses, starting with an AI in FinTech program from UC Berkeley, aimed at developing skills for the digital economy.
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FinVolution Group Launches Daira Fintech Platform in Pakistan, Expanding Global Presence
FinVolution Group has launched Daira, its new fintech platform in Pakistan, marking a major step in its global expansion. The platform aims to address the country’s financial inclusion gap by providing localized digital financial services. With this launch, FinVolution strengthens its presence in South Asia’s growing fintech market.
Krti Secures $1.5 Million Pre-Seed Investment to Launch Fintech App in Kuwait and Saudi Arabia
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 Partners with Alinma Bank to Drive Digital Transformation in 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 Partners with AlWasleh to Enhance Buy Now, Pay Later Services
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 Partners with Ollin to Transform Consumer Finance Management
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 Report Highlights Growing Preference for Digital Remittances in the UAE
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 Partners with Magnati to Launch New SME Financing Platform
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.
SBP Deputy Governor Highlights Commitment to Digital Transformation in Banking at IPL-Diebold Nixdorf Anniversary
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 to Transition Payments for Egyptian Creators from USD to EGP in 2025
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.