Technology news and insights in the Middle East, South Asia, and Africa
Technology News and insights in the Middle East, South Asia, and Africa
NBB and Batelco by Beyon have signed an MoU to explore collaboration across their retail and loyalty ecosystems. The agreement focuses on aligning loyalty programmes, offering bundled services, and integrating digital platforms to deliver tailored customer experiences, supporting Bahrain’s wider goals for digital innovation and connected retail services.
Oman Arab Bank plans to increase its authorised capital to RO 500 million and paid-in capital by RO 50 million through a rights issue. This move will enhance its lending to SMEs and priority sectors, support digital banking innovation, and contribute to Oman’s Vision 2040 economic diversification.
Khaleeji Bank has launched Visa+, a service allowing users to send money to Visa cardholders across the GCC using only a mobile number. This innovation enhances security and convenience, eliminating the need for sensitive account details. Visa+ supports peer-to-peer payments, loan disbursements, and cross-border remittances.
The PMA and Jawwal have signed an agreement to enhance telecommunications solutions supporting Palestine’s banking sector. The initiative includes high-speed fiber-optic networks and internet services to improve connectivity and secure communication channels, contributing to the sector’s digital advancement and economic stability in Palestine.
Saleem Ullah, Deputy Governor of the State Bank of Pakistan, highlighted the SBP’s commitment to supporting digital transformation in the financial sector during a ceremony celebrating the 25-year partnership between Innovative Pvt Ltd and Diebold Nixdorf. This collaboration aims to enhance banking innovation and customer experience in Pakistan.