Algeria’s e-commerce market has reached $1.5 billion, driven by an increase in payment cards to over 18 million. This growth underscores e-commerce’s role in fostering economic development, digital transformation, and financial inclusion, despite ongoing challenges with cash payments.
Apple Pay has been launched in Oman, supported by major banks, providing users a secure way to make contactless payments. This development, part of Oman Vision 2040, enhances the digital payment landscape alongside Samsung Pay, furthering the country’s shift towards a cashless society.
The Emirates Publishers Association has partnered with Network International to offer digital payment solutions to UAE publishers, enhancing sales processes and reducing costs. This strategic alliance will provide secure payment processing and support the growth and sustainability of the local publishing industry.
HyperPay is revolutionizing payment gateways in the MENA region with AI-driven technologies, enhancing security, operational efficiency, and customer engagement. The company’s AI tools streamline transactions and combat fraud, ensuring a secure and user-friendly payment experience.
Bahrain is set to host the Fintech Revolution Summit in 2025, aiming to advance the country towards a cashless society as part of Bahrain Vision 2030. Over 500 BFSI and fintech professionals will explore trends and investment opportunities in financial technology.
Mastercard is advancing a digital payment initiative in Bangladesh, highlighted by their “Stunning Sydney 2024” campaign, aimed at reducing cash transactions. The campaign, encouraging digital payments during Eid-ul-Adha, aligns with Bangladesh’s goal to transition towards a cashless society.
Nepal’s digital payment landscape has grown significantly, with a notable decline in cheque usage and a surge in mobile and QR code transactions. This growth is fueled by cost savings and government incentives like VAT refunds on digital transactions at hospitality venues.
Paymob is revolutionizing digital payments across the MENA region, expanding its services and merchant base while embracing technological innovations to enhance financial inclusivity and operational efficiency.
PTCL partners with Mastercard to launch a versatile UPaisa debit card, enhancing digital payments across Pakistan and globally, with improved security and convenience.
Fawry expands its digital payment services by acquiring a majority stake in Svreico’s administrative building, enhancing facilities and infrastructure to support its growth.
