Technology news and insights in the Middle East, South Asia, and Africa
Technology News and insights in the Middle East, South Asia, and Africa
Fonepay, Nepal’s leading payment network, has launched its first virtual credit card in collaboration with Compass Plus Technologies. The service offers a secure, flexible, and cost-effective digital payment solution for local financial institutions, with the goal of transforming Nepal’s payment ecosystem and providing a strong alternative to international card networks.
Visa, Network International, and Gate To Pay have partnered to enhance digital payments in Jordan, aiming to build a more inclusive and digitally connected financial ecosystem. The collaboration will address gaps in the financial sector and support economic growth, helping make digital payments a core component of Jordan’s digital transformation.
Geidea is expanding its SoftPos service to Egypt after a successful launch in Saudi Arabia and the UAE. This solution enables merchants to accept secure, contactless payments via smartphones, eliminating the need for traditional POS devices. The launch marks a key step in Geidea’s strategy to transform the region’s digital payment landscape.
Geidea is expanding its innovative SoftPos service to Egypt after successful rollouts in Saudi Arabia and the UAE. This technology enables merchants to accept payments directly via smartphones, eliminating the need for traditional POS devices. Geidea’s SoftPos is part of their broader strategy to drive digital transformation in the region.
Telr partners with Samsung to launch Samsung Pay in the UAE, aiming to enhance the region’s digital payments and ecommerce capabilities. This strategic collaboration merges Telr’s payment expertise with Samsung’s technology to streamline transactions and ensure secure, user-friendly mobile payments.
Comera Pay has launched in the UAE, offering an all-in-one mobile payment solution for both individuals and businesses. The app features a range of services, including digital wallets, P2P transfers, remittances, and bill payments, with an emphasis on security and user-friendly transactions to foster a cashless economy.
PayTabs Egypt has partnered with Azimut to offer online top-ups for investment accounts on the azinvest platform, using debit and prepaid cards. The collaboration, approved by the Central Bank of Egypt, simplifies account funding and optimizes investment management. This partnership enhances digital payment solutions across the region.
EdfaPay, a Riyadh-based fintech platform, has successfully closed a $5 million pre-Series A funding round. The investment will support its expansion across the MENA region and Pakistan, enhancing its digital payment solutions for SMEs. The platform’s SoftPOS technology and payment gateway services continue to attract regional and global partners.
Ooredoo Fintech and PayPal have partnered to enable seamless transfers between Ooredoo Money wallets and PayPal accounts in Qatar. This collaboration enhances access to global markets for consumers and small businesses, offering new opportunities for cross-border commerce and digital payments, with plans for expansion across the Gulf and MENA regions.
FOO, a leading B2B SaaS provider, has partnered with eNovate to enhance Egypt’s digital payment solutions. This collaboration will leverage FOO’s modular platform and Fintech as a Service (FaaS) solutions to empower fintechs and accelerate digital transformation. Key projects, including a university digital solution, are already underway.