Bangladesh’s e-commerce sector is growing rapidly, but cash reliance remains a challenge. Efforts to transition to digital payments are underway, with initiatives to improve consumer confidence, simplify merchant onboarding, and enhance mobile payment solutions. As infrastructure improves, the sector could significantly contribute to the country’s economy and global integration.
Maroc Telecom has partnered with Visa to enhance digital payments and financial inclusion in Morocco and across Africa. The collaboration integrates Visa services with MT Cash, Maroc Telecom’s mobile money solution, aiming to expand digital financial services and support Africa’s digital transformation.
VISA’s expansion in Pakistan, including office growth and partnerships with 1-Link and PayPak, has been recognized for enhancing financial inclusion and digital payments. Finance Minister Aurangzeb praised VISA’s role in accelerating Pakistan’s digital transformation and assured the government’s support in resolving operational challenges to strengthen the payment ecosystem.
Visa has made strategic investments in Tunisian fintech Konnect and Moroccan startup PayTic, enhancing its commitment to Africa’s fintech ecosystem. These investments are part of Visa’s ongoing USD 1B initiative, empowering startups with funding and mentorship. Konnect offers instant payments via shareable links, while PayTic provides compliance tools for financial institutions.
Maroc Telecom has partnered with Visa to integrate Visa’s payment services into MT Cash, its Mobile Money solution. This collaboration aims to enhance financial inclusion and expand digital financial services across Morocco and Africa. The partnership will help accelerate digital payments, targeting underserved populations and boosting e-commerce growth.
Al Ansari Exchange has extended its strategic partnership with Visa to further enhance digital payments in the UAE. The collaboration aims to drive innovation, improve customer experiences, and expand digital payment solutions. The partnership has already led to growth in prepaid cards, fraud mitigation, and financial literacy initiatives.
Bangladesh’s e-commerce industry is set for significant growth, driven by the government’s “Digital Bangladesh” initiative. However, challenges like cash-on-delivery dominance, low financial literacy, and security concerns need to be addressed. Improving digital payment systems, infrastructure, and security will be key to realizing the sector’s full potential.
Visa has launched Visa+ in Bahrain, allowing users to send money across the GCC using only a mobile number. The service, available through Benefitpay and supported by Bahrain Islamic Bank and Khaleeji Bank, simplifies cross-border transfers, enhances security, and paves the way for further expansion across the region.
LB CIM, Sri Lanka’s first AI-powered digital loan and payments platform, won the “Most Popular Digital Payment Product” at the LankaPay Technnovation Awards 2025. This recognition highlights the app’s popularity driven by customer trust and its innovative features, driving financial inclusion and digital accessibility in Sri Lanka.
Khaleeji Bank has launched Visa+, a service allowing users to send money to Visa cardholders across the GCC using only a mobile number. This innovation enhances security and convenience, eliminating the need for sensitive account details. Visa+ supports peer-to-peer payments, loan disbursements, and cross-border remittances.
