Technology news and insights in the Middle East, South Asia, and Africa
Technology News and insights in the Middle East, South Asia, and Africa
Checkout.com plans to launch card issuing services in the UAE by 2026, pending regulatory approval. The service will enable businesses to offer branded physical and virtual cards, streamline B2B payouts, and manage expenses. Checkout.com continues to expand in the MENA region, enhancing its digital payment solutions and partnerships.
Mastercard has partnered with PayTabs Group to provide a digital payment platform for SMEs in Egypt. The platform aims to simplify and secure payment processes, promote contactless payments, and support Egypt’s digital transformation. This collaboration enhances payment acceptance and financial inclusion for businesses in the country.
Checkout.com is expanding its services in the UAE, aiming to launch secure and efficient card issuing services by 2026. The initiative, pending regulatory approval, will enable businesses to issue branded cards, enhance financial control, and simplify B2B payments. The company is also focused on expanding its footprint in the MENA region.
Nepal’s digital payment landscape is growing rapidly, with QR code transactions increasing by 230% in volume and 210% in value from FY2021–2024. Mobile banking and digital lending are also expanding, while cross-border payments with India and China are growing. This digital transformation supports financial inclusion and economic growth.
e& Egypt has launched its first international mobile transfer service, allowing users to send and receive money instantly via the e& Cash wallet app. Initially available for transfers between Egypt, the UAE, and Saudi Arabia, the service simplifies cross-border remittances and contributes to Egypt’s growing financial inclusion.
Telr has partnered with Saudi Awwal Bank (SAB) to enhance payment services and support Saudi Arabia’s Vision 2030 goal for a cashless economy. This collaboration provides merchants with advanced payment solutions, including BNPL and digital invoicing, while improving transaction speed, security, and compliance with local regulations.
Bangladesh’s e-commerce sector is set for significant growth, with the “Digital Bangladesh” initiative driving increased adoption of digital payments. However, challenges remain, including a heavy reliance on cash-on-delivery payments and low financial literacy. Addressing these issues will unlock the full potential of the sector and integrate Bangladesh into the global market.
PayTabs has launched a platform to help SMEs accept digital payments securely and efficiently. With features like payment links and QR codes, the platform streamlines transactions and enhances business workflows. This collaboration with Mastercard advances Egypt’s digital payments sector and promotes financial inclusion for SMEs across the region.
JoPACC’s 2024 report shows a 77.2% increase in digital payments in Jordan, with significant growth in instant payments and mobile wallet usage. The total value of transactions reached 79.95 billion JOD, reflecting the country’s shift towards a more digital financial ecosystem, with a focus on inclusivity and efficiency.
Pakistan’s digital payment channels processed 88% of retail transactions in Q2-FY25, with a 12% increase in transaction volume and a 28% rise in value. Mobile banking apps, e-money wallets, and branchless banking services played a pivotal role in driving growth. SBP’s initiatives continue to fuel financial inclusion and efficiency.