Technology news and insights in the Middle East, South Asia, and Africa
Technology News and insights in the Middle East, South Asia, and Africa
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.
MoneyGram and tiqmo join forces to offer seamless international money transfers across Saudi Arabia, advancing financial inclusion and supporting Vision 2030’s digital finance ambitions.
JazzCash is expanding its regional presence, partnering with du Pay to enable seamless cross-border payments to Pakistan. The collaboration with Western Union allows faster remittances to JazzCash wallets. Additionally, JazzCash aims to drive financial inclusion, focusing on Insurtech, asset fractionalization, and supporting women-led businesses and freelancers.
Pan Asia Bank has partnered with TerraPay to enable instant cross-border money transfers directly to bank accounts in Sri Lanka. This collaboration allows Sri Lankan migrants worldwide to send money quickly through TerraPay’s network, facilitating real-time transactions to over 1.5 billion bank accounts and mobile wallets globally.
Barq, a Saudi fintech company, has partnered with Alipay+ to enhance cross-border payments, becoming part of Alipay+’s international network. This collaboration supports Saudi Arabia’s Vision 2030 by improving financial transactions and boosting tourism. Barq’s previous partnership with Mastercard in 2024 further strengthens its payment solutions.
LuLu Exchange has partnered with Fintech Galaxy to improve cross-border payments in Bahrain by leveraging open banking solutions. This collaboration aims to enhance transaction speed, security, and convenience, aligning with Bahrain’s financial inclusion goals. The partnership positions LuLu Exchange as the first licensed company to integrate open banking for payments.