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
A study in the International Journal of Economics and Business Research highlights how digital transformation is enhancing efficiency in Jordan’s financial systems. Researchers from Al-Hussein Bin Talal University found that adopting digital tools improves decision-making and positions companies for competitive advantage, fostering economic growth in the Jordanian economy.
Huawei Cloud has hosted its first Fintech Summit 2024 in Egypt, focusing on cloud services for the fintech sector. The event showcased solutions like Huawei Cloud KooVerse, addressing security compliance and digital transformation needs. It emphasized the importance of cloud technology in driving financial inclusion and supporting Egypt’s Vision 2030.
T-Vencubator has launched Tafweela, a transformative payment solution for the transportation sector in Egypt, founded by Marwan El Shayeb. This initiative aims to streamline operations and expand into B2C markets while benefitting from T-Vencubator’s comprehensive support to navigate a competitive landscape and regulatory challenges.
Saudi fintech leader Tamam has partnered with ZainTECH, Fico, and Lean Technologies to create an AI-driven credit assessment model, enhancing financial inclusion in line with Vision 2030. This collaboration aims to revolutionize the consumer finance landscape by integrating advanced technology and open banking solutions.
Visa has marked 40 years in Saudi Arabia by opening an innovation center in Riyadh and a new office in the King Abdullah Financial District. This initiative aims to advance payment solutions and support the Kingdom’s Vision 2030 by enhancing digital commerce and fostering fintech partnerships across the region.
Network International has partnered with Ant International to enhance digital payment solutions across the Middle East and Africa. The collaboration aims to leverage Alipay+ Wallet Tech for e-wallet capabilities and expand payment solutions, providing seamless QR code payment experiences for consumers using their preferred digital payment methods.
Mondia has partnered with Amazon to introduce mobile carrier billing for Prime membership in Egypt, enhancing payment accessibility. This integration allows users to sign up for Prime via their mobile carriers, promoting digital inclusion and providing a seamless checkout experience while benefiting from various shopping and entertainment perks.
Orange Money has partnered with Mastercard to enable millions of users to access digital payments via Mastercard’s global network by 2025. Customers can obtain virtual or physical debit cards linked to their Orange Money wallets, allowing local and international transactions, thereby promoting financial empowerment in underserved communities across seven African countries.
Pakistan’s fintech industry is experiencing rapid growth, with branchless banking accounts increasing significantly. However, low financial literacy remains a challenge, leaving many vulnerable to fraud. Initiatives like the National Financial Literacy Program aim to address these issues, ensuring that the benefits of fintech are accessible to all citizens.
Telr has expanded its services into Jordan and Bahrain, enhancing the MENA region’s e-commerce sector. This move enables businesses to accept online payments and manage transactions efficiently, supporting local enterprises in reaching both local and global markets while contributing to economic growth and digital transformation.