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
ADCB Egypt has modernised its payments infrastructure by going live with the Temenos Payments Hub, enabling ISO 20022-compliant SWIFT transactions. The move reduces manual processing, accelerates settlements, and strengthens scalability, aligning the bank with global standards while supporting Egypt’s Vision 2030 digital and financial inclusion goals.
Omani startup Raaz is building a mobile app that helps families understand spending, set goals, and gain financial confidence. Founded after a personal budgeting struggle, the platform uses analytics and machine learning to turn everyday transactions into actionable insights, with a full public launch planned soon.
Egyptian fintech Mogo has partnered with Saudi payments firm Geidea to integrate smart POS technology with consumer finance services. The collaboration enables merchants to offer seamless payments and instalments, supports SME digitalisation, and advances financial inclusion across Egypt’s growing digital payments ecosystem.
QNB is positioning itself at the centre of Qatar’s fintech evolution by modernising banking infrastructure, embracing cloud and AI, and fostering global collaboration through Web Summit Qatar. The bank’s strategy aligns digital innovation with national objectives, strengthening Qatar’s ambition to become a leading regional hub for financial technology.
Jordan has launched the region’s first Fintech Academy and applied lab, creating a national platform for AI, cybersecurity, blockchain, and digital payments training. The initiative supports the Economic Modernization Vision and aims to build a new generation of fintech leaders, positioning Jordan as a regional hub for financial innovation.
Careem Pay has expanded its remittance services across key corridors, enabling faster wallet transfers to Egypt, cash pickup in Lebanon, and enhanced options for the Philippines. With coverage in over 35 countries, the platform targets major expatriate communities, simplifying cross-border payments with speed, affordability, and convenience.
Saudi consumers are rapidly shifting away from cash, with 67 percent now relying mainly on cards and mobile payments. Visa’s latest report shows digital methods gaining ground even in everyday spending, driven by convenience, security, and rewards, aligning closely with Vision 2030’s push toward a cashless economy.
Saudi Arabia is rapidly shifting toward digital payments, with 67% of consumers now largely non-cash users, up 4% year-on-year. Visa’s report shows declining cash use across everyday categories as cards and mobile wallets gain ground, driven by convenience, security, rewards, and alignment with Vision 2030.
Global Money Exchange Oman has launched Global Pay, a new mobile payments app powered by Comviva, enabling bill payments, remittances, and merchant transactions. The platform supports Oman’s cashless ambitions, strengthens digital infrastructure, and expands access to secure, inclusive financial services for consumers and businesses nationwide.
Kuwait Investment Authority-backed Raqami Islamic Digital Bank will launch in Pakistan next month with a $100 million investment. The fully digital, Shariah-compliant bank targets individuals and SMEs, expanding financial inclusion and reinforcing growing Gulf interest in Pakistan’s banking and digital finance sector.