Technology News and insights in the Middle East, South Asia, and Africa
Maseera has acquired ADVA, an Egyptian consumer finance platform, to enhance its financial services. The acquisition aims to leverage AI-driven lending solutions to provide inclusive financing for underserved segments in Egypt, particularly in healthcare and education. This move supports Maseera’s global expansion and financial inclusion mission.
Visa has introduced several digital payment innovations in Qatar, including the launch of ‘Click to Pay’, a biometric-enhanced solution, in line with Qatar’s National Vision 2030. These initiatives aim to boost digital payment adoption, support the fintech sector, and facilitate secure, user-friendly financial services for both consumers and businesses in the country.
Abu Dhabi’s Advanced Technology Research Council launches AI71, an AI company focusing on decentralized data control. AI71 will utilize Falcon AI models to offer innovative solutions in medical, educational, and legal sectors, promoting privacy and data sovereignty. This initiative positions Abu Dhabi as a key player in the global AI landscape.
Amana and MIS have signed an MoU to accelerate Saudi Arabia’s digital transformation with sustainable, high-performance data centres. This collaboration supports Vision 2030 and addresses the Kingdom’s growing need for scalable, energy-efficient infrastructure to drive advancements in AI, cloud computing, and enterprise digitalisation.
Google Wallet is set to launch in Pakistan by January 2025, alongside Egypt and Venezuela, expanding Google’s digital payment ecosystem. The launch is expected to complement existing platforms like Easypaisa and JazzCash, driving competition in the market. New updates to the Wallet ecosystem are also expected to enhance user experience.
The MENA Fintech Association has launched its Bahrain Chapter, led by Suzy Al Zeerah of Bahrain FinTech Bay. The chapter aims to foster fintech innovation, collaboration, and growth in Bahrain by promoting cutting-edge technologies, providing resources and mentorship, and facilitating global partnerships to position Bahrain as a leading fintech hub.
RIYADH, KSA, 3rd February, 2025 – Nutanix (NASDAQ: NTNX), a leader in hybrid multi-cloudcomputing, today announced that Yelo, a leading…
TESS Payments has partnered with Al Fardan Exchange to enhance digital payments in Qatar. This collaboration aims to improve the efficiency and security of financial transactions, aligning with Qatar’s national vision for digital innovation. The partnership combines fintech innovation with Al Fardan’s industry expertise to advance remittance solutions.
TCS has signed a digital transformation agreement with Muscat Clearing and Depository (MCD) to enhance Oman’s capital market infrastructure. TCS will implement its TCS BaNCS software suite and Quartz digital solutions to improve services like collateral management and risk management, aiming to future-proof MCD’s operations and expand market functionality.
This strategic move represents not just the expansion of a fintech giant, but a potential redefining of how financial services are delivered in a rapidly evolving digital economy.