Bangladesh is rapidly adopting digital payments, with significant growth in both domestic and cross-border transactions, according to Visa. The shift towards online and contactless payments has seen a 14% increase in spending and a 17% rise in transactions, with Dhaka remaining the central hub for digital transactions.
Aani, the UAE’s central bank-backed instant payment platform, has enrolled 1.5 million users and is on track to drive further digital payments adoption. The platform facilitates real-time transfers via mobile numbers, emails, and QR codes, with plans for expanded features like QR payments for businesses, international remittances, and direct debits.
Basata has increased its stake in MadfoatCom to 25%, reinforcing its role in advancing digital payments and financial inclusion in Jordan. This collaboration, alongside Jordan Kuwait Bank and the Social Security Investment Fund, will drive innovative payment solutions for businesses and consumers, focusing on SMEs.
Sadad has partnered with Mastercard to launch an advanced digital payment gateway in Qatar. Powered by Mastercard Gateway, the platform will provide secure, fast transactions and enhance e-commerce for local merchants. The partnership aims to improve customer experience, reduce fraud, and offer convenient payment methods to meet evolving consumer demands.
Fawry has invested EGP 80 million (USD 1.6 million) to acquire majority stakes in Dirac Systems, Virtual CFO, and Code Zone, strengthening its “Fawry Business” platform. This acquisition enhances Fawry’s digital payment and ERP solutions, supporting Egypt’s digital transformation and the country’s shift toward a cashless economy.
Souhoola and Visa have partnered to launch a prepaid card through Banque Misr, aimed at enhancing financial inclusion in Egypt. The card allows flexible payments and seamless shopping, aligning with Egypt’s Vision 2030. The service will help customers manage expenses and make informed financial decisions, launching in 2025.
Arab Financial Services (AFS) has partnered with Ternoa to launch Athar, a decentralized payment network using stablecoins. The initiative aims to simplify crypto payments for everyday transactions in the UAE, enhancing the adoption of digital payments and bridging traditional finance with decentralized finance, paving the way for a digital payment ecosystem.
Basata has increased its stake in MadfoatCom to 25%, strengthening its role in advancing digital payments and financial inclusion in Jordan. The partnership, backed by Jordan Kuwait Bank and the Social Security Investment Fund, focuses on enhancing digital payment solutions, money transfers, and supporting SMEs through financial tools.
Nepal Telecom has urged customers to use mobile data for digital payments instead of public WiFi, citing security risks. Public WiFi exposes users to fraud and hacking, while mobile data offers a more secure option. NTC also offers affordable data packs to encourage safer transactions.
Basata Holding has increased its stake in MadfoatCom to 25%, aiming to accelerate digital financial inclusion and enhance digital payments in Jordan. The partnership will focus on scaling digital payment services and supporting SMEs with financial tools. The collaboration involves key Jordanian financial institutions, including Jordan Kuwait Bank.
