Pakistan forms the Pakistan Digital Assets Authority (PDAA) to regulate crypto exchanges, wallets, DeFi, and token platforms, supporting innovation and investor protection. The move aligns with global standards and aims to formalize a $25 billion informal market while promoting tokenization and digital finance growth.
Abu Dhabi’s IHC, ADQ, and First Abu Dhabi Bank (FAB) have unveiled a Dirham-backed stablecoin, pending regulatory approval by the UAE Central Bank. The stablecoin, running on the ADI blockchain, aims to enhance the UAE’s digital finance sector, offering secure, stable payment solutions for businesses and consumers.
Aman Holding and Tanmeyah have partnered to offer digital financing and payment solutions, allowing Tanmeyah customers to manage their payments easily through Aman’s extensive retail network. This collaboration enhances financial accessibility and aligns with Egypt’s financial inclusion goals, making services available seven days a week.
Maseera Holding has acquired ADVA, establishing it as a technology and data analytics hub for North Africa. The integration of Maseera’s AI will transform ADVA’s platform, providing inclusive, personalized lending solutions for underserved populations in Egypt, with a focus on essential services like healthcare and education.
Malaysian Prime Minister Anwar Ibrahim has engaged in discussions with the Abu Dhabi government and Binance founder Changpeng Zhao on digital finance policy, focusing on digital innovation, data centers, and AI. He emphasized the importance of Malaysia staying competitive and developing a strong digital finance strategy through collaboration with the UAE.
Jordan’s Association of Banks has launched FinApp.jo, the country’s first Financial Awareness Platform, to improve financial literacy and inclusion. The platform, developed with the Central Bank of Jordan and local institutions, focuses on banking, financial literacy, entrepreneurship, and fintech to promote responsible financial behavior and economic growth.
The funding will support Pemo’s expansion into new markets within the GCC, including Saudi Arabia.
Jordan’s digital payments have skyrocketed to 19.2 billion dinars in just eight months, a 54% increase from last year, driven by popular platforms like “Click,” “Jumobi,” and “eFAWATEERcom.” This surge reflects a significant shift towards digital financial solutions in the country.
Du, also known as Emirates Integrated Telecommunications Company (EITC), has received licences from the UAE Central Bank to offer digital financial services. This move positions Du at the forefront of the fintech sector, supporting the UAE’s vision for innovation and financial inclusion, and enabling the company to provide secure, customer-centric financial solutions.
Kem, Kuwait’s fast-growing P2P payment app, has received a $3 million investment from Tether to boost regional adoption of USD₮. This partnership aims to enhance digital financial services in the Gulf, supporting economic stability and broadening access to financial systems for underserved businesses and individuals.
