EdfaPay Becomes First MENA Company to Secure Triple PCI MPoC Certifications
EdfaPay secures triple PCI MPoC certifications, becoming the first MENA firm to do so, boosting secure mobile payments adoption and fintech innovation in the region.
Fintech
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pawaPay Expands Inbound Remittance Service Across Seven African Markets with Airtel Money Africa
pawaPay and Airtel Money Africa expand inbound remittance services across seven countries, enhancing cross-border payments with real-time mobile wallet transactions to over 161 million users. The partnership aims to boost financial inclusion and simplify payments across Africa.
EdfaPay Achieves Triple PCI MPoC Certifications, Leading Secure Mobile Payments in MENA
EdfaPay has become the first company in Saudi Arabia and MENA to earn three key PCI MPoC certifications, affirming its commitment to secure mobile payment solutions. This milestone supports faster fintech adoption and enhances trust in digital payments across the region.
OpenWay Signs Major Deal with Moroccan Bank to Expand Way4 Platform Across North Africa
OpenWay has partnered with a leading Moroccan bank to roll out its Way4 payments platform across North Africa, marking its Francophone Africa debut. The platform offers real-time, secure digital payment solutions and regional support for banks in Morocco and Tunisia, enhancing OpenWay’s global presence.
OpenWay Secures Major Partnership with Leading Moroccan Bank to Expand Way4 Platform Across North Africa
OpenWay has partnered with a leading Moroccan bank to expand its Way4 payments platform across North Africa, including Morocco and Tunisia. This move marks OpenWay’s entry into Francophone Africa, enabling local banks to deploy digital-first payment solutions with robust, scalable technology and regional support.
Saudi Fintech EdfaPay Achieves Landmark Triple PCI Mobile Payments Certifications
EdfaPay is the first in Saudi Arabia and MENA to earn triple PCI MPoC certifications, underscoring its leadership in secure mobile payments and fintech innovation.
EazyPay Partners with Mastercard to Launch Mastercard Receivables Manager in Bahrain
EazyPay and Mastercard launched Mastercard Receivables Manager in Bahrain, automating B2B virtual card payments to improve efficiency and cash flow. The platform requires minimal integration and reinforces Bahrain’s role as a fintech innovation hub in the growing global digital payments market.
Algeria Joins Pan-African Payment and Settlement System to Boost Continental Financial Integration
Algeria joined PAPSS, expanding the network to 18 African countries. The move supports reduced transaction costs and faster cross-border payments, fostering stronger economic integration and trade within the continent.
Fintech innovation driving the next wave of payment solutions
The UAE’s fintech sector is rapidly advancing, transforming payments into seamless, secure, and personalized experiences that support the country’s digital economy growth. Key innovations include wearable payment technologies and a push toward a cashless economy, with Dubai targeting 90% digital transactions by 2026. Fintech also promotes financial inclusion by providing digital tools to unbanked populations. AI and machine learning enhance fraud detection and personalized services, boosting consumer trust. Strong regulatory support further accelerates fintech adoption and attracts global investment.
CBSL Aims to Boost Daily Digital Transactions by 30%
Sri Lanka’s Central Bank plans to increase daily digital transactions by 30%, raising volumes from 1.65 million to 2.15 million. Awareness campaigns across major cities will promote online banking and card payments to support a shift toward a cashless economy.