Fintech Galaxy and ProgressSoft have partnered to promote Open Banking adoption and ensure regulatory compliance across the MENA region. The collaboration enhances financial institutions’ ability to simplify compliance, boost digital transactions, and integrate Open Banking into existing financial systems, driving innovation and scalability in the sector.
ORA Technologies, a Morocco-based superapp, has raised $1.9 million in a pre-Series A round, bringing its total funding to $4.4 million. The company plans to expand its financial services platform, ORA Cash, and e-commerce marketplace, KooulMaroc, aiming to enhance digital payments and financial inclusion in Morocco.
Visa’s 2024 report shows a surge in digital payments in Bangladesh, with a 14% increase in spending and 17% rise in transactions. Dhaka leads the growth, while other cities like Gazipur and Rajshahi also show rising adoption. Contactless payments and e-commerce transactions are key drivers in this shift.
LankaPay Technnovation Awards 2025 will recognize top innovations in digital payments across Sri Lanka’s financial sector. The awards aim to honor institutions driving digital transformation, financial inclusivity, and customer convenience. Categories include excellence in mobile applications, retail payments, and government digital payments, with the event supported by major global partners.
PayTabs Group has acquired a majority stake in PayTabs Egypt, expanding its digital payment solutions in the country. The acquisition will enhance PayTabs’ ability to support local businesses, financial inclusion, and Egypt’s transition to a cashless society, while continuing to strengthen its position as a regional leader in digital payments.
Visa’s report highlights Bangladesh’s growing digital payment adoption, with 14% increased spending and 17% more transactions in 2024. Dhaka leads this growth, while other cities like Gazipur and Rajshahi also show progress. Online and contactless payments drive the shift, with strong growth in both domestic and international transactions.
Robi Axiata has partnered with bKash to streamline financial management by using bKash’s B2B cash collection solution. This collaboration enables Robi’s distribution houses across Bangladesh to make cashless, secure, and transparent transactions, improving efficiency and promoting a digital transaction ecosystem in the country.
Nepal Telecom has reversed its decision to impose a minimum Rs 50 top-up amount for digital payments. Customers can now top up from as little as Rs 10 through mobile wallets and banking services like eSewa, Khalti, and IME Pay, improving flexibility for users.
Visa has introduced its Tap to Add Card feature in Kuwait, revolutionizing digital payments by allowing users to seamlessly and securely add Visa contactless cards to digital wallets. This feature enhances convenience, reduces fraud risk, and simplifies card onboarding for both users and issuers, supporting the future of frictionless payments.
Sadad has partnered with Mastercard to introduce a digital payment gateway in Qatar, powered by Mastercard Gateway. This collaboration enables merchants to offer secure and seamless transactions, enhancing customer experiences and reducing fraud. The platform supports over 30 payment methods, empowering local businesses with advanced payment solutions.
