Technology news and insights in the Middle East, South Asia, and Africa
Technology News and insights in the Middle East, South Asia, and Africa
Technology news and insights in the Middle East, South Asia, and Africa
Technology News and insights in the Middle East, South Asia, and Africa
Algeria’s fintech ecosystem is gradually developing with 30–35 startups, evolving regulations, and initiatives such as the Fintech Strategy 2024–2030 and PAPSS integration. Startups like Banxy, DFA, ESREF Pay, and Yassir are helping expand digital payments and financial services as the country builds the foundations of its digital finance sector.
Algerian fintech startup Gifty launches a unified digital payments platform enabling bill payments, mobile top-ups, e-commerce purchases and digital gifting as it aims to expand financial inclusion and evolve into a neobank.
Orange Jordan has launched “Tahweesheh,” a fee-free savings sub-account within Orange Money, enabling customers to set and manage multiple financial goals digitally. The initiative supports financial inclusion and sustainable saving habits across Jordan.
Oman’s Global Money Exchange has launched Global Pay, a mobile payments app powered by Comviva’s mobiquity® Pay platform. The solution enables bill payments, remittances, and merchant transactions, aligning with Oman’s digital transformation agenda and supporting cashless adoption, financial inclusion, and modern payment experiences.
FABMISR has launched a new electronic POS service to expand digital payment acceptance across Egypt. The solution enables secure card and contactless transactions for in-store merchants, extending the bank’s online payments ecosystem and supporting Vision 2030, financial inclusion, and the country’s transition toward a cash-light economy.
Floward has launched the prepaid Floward Card in Bahrain with SimpliFi, INFINIOS, and Mastercard, transforming cash gifting into a digital-first experience. The card allows recipients to shop freely while pairing fintech convenience with emotional gifting, aligning perfectly with Bahrain’s advanced cashless and fintech ecosystem.
Egypt has licensed tpay to enable direct carrier billing for government services, allowing citizens to pay utilities, fines, and official fees through mobile balances. The move expands access for unbanked users, simplifies transactions, and strengthens Egypt’s shift toward inclusive, mobile-first digital payments.
Nearly six in ten consumers in Kuwait now rely primarily on digital payments, according to Visa. Cash use is falling across everyday categories, with peer-to-peer payments seeing the sharpest decline. Convenience, security, and rewards are driving the shift toward cards and mobile wallets.
Pakistan is accelerating its shift toward a cashless economy as finance officials engage Visa on digital payments, government digitization, and financial inclusion. The talks align with IMF-backed reforms and focus on modernizing payment rails, expanding access beyond major cities, and building trust in digital finance nationwide.
Dialog Axiata’s partnership with UnionPay International strengthens Sri Lanka’s push toward cashless payments by expanding fintech capabilities, merchant acceptance, and access to global payment networks. The collaboration supports e-commerce, MSMEs, and digital inclusion while aligning the country with regional fintech transformation trends.
