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
HyperPay has secured a licence from the Saudi Central Bank (SAMA) to advance digital payment services in Saudi Arabia. This move supports the company’s expansion and aligns with Vision 2030, aiming to enhance financial efficiency and inclusion. HyperPay also plans to go public in Saudi Arabia by 2025.
Algerie Télécom is optimizing its BaridiMob platform to enhance user experience following recent disruptions. The company has apologized for transaction delays and assured users that updates are aimed at improving service efficiency. A significant rise in user adoption underscores the need for these improvements to meet growing demand.
Checkout.com has partnered with noqodi to enhance digital payments in the UAE. The integration will simplify payment processes, improve transaction efficiency, and offer secure payment solutions. The partnership aims to support businesses and government entities by providing a wider range of payment methods and accelerating transaction processing.
stc pay Bahrain has partnered with Mastercard Move to enable secure and efficient money transfers to Alipay, China’s leading digital platform. This collaboration enhances stc pay’s offerings, providing consumers and businesses with a reliable remittance service and supporting Bahrain-China economic ties with secure, transparent cross-border payments.
Checkout.com has partnered with noqodi to integrate advanced payment technology into the UAE’s financial ecosystem. This collaboration aims to enhance payment processes for businesses and consumers, offering secure, efficient, and flexible payment solutions. It will streamline transactions, boost operational efficiency, and support economic growth in the region.
Pakistan’s digital payments surged by 9% in Q1 FY25, with mobile banking and e-commerce leading the way. The Raast system’s success highlighted the shift to digital wallets and mobile platforms. With continued growth in digital services, Pakistan is on track to enhance financial inclusion and drive economic development.
Sri Lanka’s Ministry of Digital Economy has launched a program to digitize all payments to government institutions, aiming to improve efficiency and reduce fraud. The GovPay app is already connected to 16 institutions, with more expected to join by January 2025, streamlining processes and eliminating inefficiencies and corruption.
Google Wallet is set to launch in Pakistan by January 2025, alongside Egypt and Venezuela, expanding Google’s digital payment ecosystem. The launch is expected to complement existing platforms like Easypaisa and JazzCash, driving competition in the market. New updates to the Wallet ecosystem are also expected to enhance user experience.
Qi has launched SuperQi, a third-generation app aimed at transforming Iraq’s digital payments landscape. The app, developed in collaboration with Ant International, combines digital banking with lifestyle services, offering users secure payment solutions, money transfers, bill payments, and more. Qi’s goal is to enable financial inclusion and drive economic growth.
Paymob has integrated Apple Pay into its merchant network in Egypt, enabling consumers to use Apple devices for secure, seamless payments in-store, in-app, and online. This marks a significant step in transforming Egypt’s digital payments ecosystem, offering merchants and customers a modern and convenient payment solution that boosts sales and enhances experiences.