SuperQi, launched by Qi Card in partnership with Ant International, is a next-generation digital app combining banking and lifestyle services. Aimed at boosting financial inclusion in Iraq, the app offers services like payments, transfers, loans, and mobile recharges. It targets over 15 million users, promoting a cashless society.
Egypt has seen a remarkable 181% increase in financial inclusion over the past eight years, with 71.5% of eligible citizens gaining access to banking services. Key initiatives, including targeted events and programs for underserved groups, have contributed to this growth, fostering economic development and access to financial services across the nation.
Qatar Central Bank has launched a regulatory framework for digital banks to enhance the country’s financial sector. This move supports Qatar’s digital economy and financial inclusion, allowing 24/7 banking through mobile and online platforms. The framework aims to reduce costs and foster innovation in line with Qatar National Vision 2030.
QIIB has launched a digital platform for managing Letters of Credit, making it the first bank in Qatar to do so. This platform enables businesses to submit, track, and manage LCs online, enhancing efficiency, compliance, and security. Available 24/7, it also offers real-time updates and cost savings for customers.
Reem Finance has partnered with Temenos to launch a digital community bank in the UAE, utilizing Temenos’ cloud-based core banking platform. This collaboration aims to drive innovation, streamline operations, and deliver seamless banking services to retail and corporate customers, enhancing financial inclusion and positioning Reem Finance for future growth in the sector.
Al Baraka Bank Egypt has launched a new mobile banking app and revamped its internet banking service to enhance user experience and expand its digital ecosystem. By 2027, the bank aims for 50% of its customers to be digitally active, reinforcing its leadership in modern banking solutions.
Sohar International has launched its fully digital E-Mandate Direct Debit solution, streamlining recurring payments for individuals and businesses. This initiative enhances efficiency, security, and convenience while promoting sustainability by reducing paper usage. The new service reflects the bank’s commitment to financial innovation and aligns with Oman’s digital transformation efforts.
Al Baraka Bank Egypt has launched a new mobile banking app as part of its 2023-2025 strategy to enhance its digital ecosystem. The app, along with an upgraded internet banking service, aims to expand the bank’s digital presence, attract new customers, and provide innovative solutions, especially for corporate clients.
Abu Dhabi Islamic Bank Egypt (ADIB) has announced an EGP 1 billion investment in technology and cybersecurity. The bank showcased its digital banking innovations and Islamic Sharia-compliant products at the Cairo ICT Exhibition. Subsidiaries like “Taka” and Arzaq also participated, highlighting advancements in consumer finance and microfinance.
Telenor Microfinance Bank (TMB) has received a $10 million equity investment from Telenor Group and Ant Group, supporting the launch of Easypaisa’s digital retail banking operations in Pakistan. This investment, along with impressive financial results, strengthens TMB’s mission to enhance digital financial inclusion and deliver innovative banking solutions in Pakistan.
