Technology news and insights in the Middle East, South Asia, and Africa
Technology News and insights in the Middle East, South Asia, and Africa
India’s NPCI International Payments Limited and Bahrain’s BENEFIT have linked UPI with Fawri+, enabling instant, secure cross-border remittances for millions, especially Bahrain’s Indian community. Simultaneously, NBBL launched forex services on Bharat Connect, expanding India’s retail digital finance ecosystem.
Bahrain’s BENEFIT and India’s NIPL have signed an agreement linking Bahrain’s Fawri+ with India’s UPI systems. The collaboration enables instant, secure cross-border payments between both countries under the supervision of CBB and RBI, enhancing digital financial connectivity and remittance efficiency.
Thunes and Ecobank have launched a partnership enabling instant cross-border payments across 32 African countries, beginning in Togo, to expand financial inclusion and drive the continent’s digital economy.
Verto’s UAE launch enables instant cross-border payments and transparent FX management for Gulf businesses trading with Africa and Asia, addressing long-standing inefficiencies in traditional banking systems.
Ooredoo Fintech is set to join PayPal World, linking its users across Qatar, Oman, and the Maldives to nearly two billion global consumers. The partnership expands digital wallet use cases, simplifies cross-border payments, and reinforces Ooredoo’s role as a regional leader in financial inclusion while leveraging PayPal’s trusted global network.
Thunes has rolled out a real-time money transfer service in Morocco, enabling instant payouts in Dirhams. With Morocco receiving $11.5 billion in remittances in 2023, the service leverages direct bank integrations to ensure faster, cheaper, and more transparent cross-border payments, enhancing financial inclusion.
Thunes has launched instant cross-border payments in Morocco, allowing real-time dirham transfers to local bank accounts. The expansion meets rising remittance demand into North Africa and builds on Thunes’ global payments network spanning 130 countries, 80 currencies, and 320 payment methods.
Mastercard and Zand are partnering to provide faster, more secure, and transparent cross-border payments in the UAE, offering real-time tracking and reduced friction for retail and corporate clients, and capitalizing on the country’s growing role as a global financial hub.
Flutterwave’s Send App launch in Egypt enhances cross-border remittances with secure, fast, and accessible transfers, empowering the Egyptian diaspora to support families and communities while advancing Africa’s fintech ecosystem.
Benefit fintech roadmap focuses on AI partnerships, SME payment solutions, and cross-border interoperability to accelerate Bahrain’s digital financial ecosystem.