WAMD, Kuwait’s real-time payment system powered by ACI Worldwide and KNET, has quickly gained over one million users since its 2024 launch. The system improves payment speed, security, and convenience, supporting Kuwait’s digital transformation and setting the stage for expanded fintech integration and e-commerce payment solutions.
Crédit Coopératif plans to acquire fintech Anytime from Orange Bank, enhancing its digital services for associations and social economy organizations. The acquisition supports Crédit Coopératif’s 2025-2030 strategic plan to expand its digital offering and increase market share in the association segment with innovative, tailored financial solutions.
Commercial International Bank – Egypt (CIB) has launched an upgraded internet banking platform, offering a seamless digital experience for customers to manage accounts and perform transactions directly via web browsers. The platform supports various banking services and reflects CIB’s commitment to digital innovation, financial inclusion, and customer-centric solutions.
Khaleeji Bank has launched Visa+, a new digital money transfer service that allows users to send funds across GCC countries using just the recipient’s mobile number. This innovative service enhances security and convenience by eliminating the need for card details, aligning with the bank’s commitment to modern, digital financial solutions.
Khaleeji Bank has launched Visa+, a digital money transfer service that enables users to send funds across GCC countries using just the recipient’s mobile number, without needing card details or IBANs. This innovation enhances security and simplifies cross-border transactions, reinforcing Khaleeji Bank’s leadership in digital banking.
WE has partnered with Commercial International Bank (CIB) to offer tailored financial services to WE customers across Egypt. This collaboration aims to enhance financial inclusion, promote financial literacy, and integrate the informal economy into the formal financial sector, contributing to Egypt’s digital transformation and improving access to banking services.
Misr Digital Innovation (MDI) has achieved PCI DSS v4.0.1 certification, making it the first in the market to receive the latest version. This certification strengthens MDI’s cybersecurity measures and ensures the highest standards of data protection, enhancing customer trust and positioning the company as a leader in digital banking security.
Mastercard has partnered with Mashreq to launch a digital bank in Pakistan, aiming to drive digital payment adoption, financial inclusion, and economic growth. This collaboration will enhance service delivery, improve security, and support the development of Pakistan’s digital financial ecosystem. The partnership aligns with Pakistan’s Vision 2025 transformation goals.
Kuwait International Bank (KIB) has launched “Fast Transfer,” a new international remittance service in collaboration with Visa. Available through KIB’s mobile banking app, the service offers instant, transparent, and fee-free transfers to 40 international destinations. This service enhances KIB’s position as a leader in digital banking innovation in Kuwait.
Egypt’s financial inclusion rate reached 74.8% by the end of 2024, with 52 million citizens using transaction accounts. This growth is attributed to efforts in empowering women, youth, and entrepreneurs with accessible financial services. It aligns with Egypt’s Vision 2030 and aims to promote economic empowerment and digital banking.
