Technology news and insights in the Middle East, South Asia, and Africa
Technology News and insights in the Middle East, South Asia, and Africa
Revolut is entering Morocco with payments and FX services first, aiming for a neobank license within two years. It has appointed a local lead and is building a 60-person team. The move aligns with its European expansion and aims to drive digital finance transformation in Morocco.
Visa and MSMEDA report reveals strong digital payment growth in Egypt’s SMEs, driven by convenience, revenue gains, and e-commerce growth.
EazyPay’s launch of Mastercard Receivables Manager revolutionizes Bahrain’s B2B payments landscape, enabling automated virtual card receivables and improved cash flow for merchants.
Qatar’s robust POS and e-commerce growth, combined with innovative instant payment systems like Fawran, highlight the country’s rapidly evolving digital payment landscape and strong consumer adoption of modern financial technologies.
stc Bahrain launches Samsung Pay—the first telecom in the Kingdom to offer secure, contactless payments via My stc BH App—boosting customer convenience with advanced security and digital innovation.
Visa and BLOM BANK launch the CEMEA region’s first Digital Onboarding solution, streamlining account opening via the eBLOM app in Lebanon. Powered by Visa Consulting & Analytics, it enhances user experience and supports digital banking transformation.
United Arab Bank teams with fintech Lune to launch AI-powered transaction enrichment and personalized financial insights in mobile banking. The partnership advances UAB’s digital-first strategy, enhancing customer engagement and operational efficiency with UAE fintech innovation.
Mastercard and Jordan Islamic Bank have partnered to expand Shari’ah-compliant digital payment solutions in Jordan. The collaboration will enhance JIB’s card offerings with Mastercard’s advanced payment technologies, focusing on secure, accessible, and value-driven services that align with Islamic banking principles.
Bangladesh leads mobile money growth globally with significant increases in digital loans, savings, and insurance via bKash, boosting financial inclusion and digital finance adoption.
Mastercard and Jordan Islamic Bank collaborate to enhance Shari’ah-compliant digital payments, promoting financial inclusion and personalized, secure banking solutions in Jordan.