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.
Dubai-based fintech startup Ziina has raised $22 million in a Series A funding round to accelerate its growth and expand product offerings. The company, known for its innovative payment solutions, plans to use the funds to develop new features and explore market expansion in the UAE and beyond.
Riyadh Air, Saudi Arabia’s new airline, has partnered with noon Payments to offer secure and efficient digital payment solutions. This collaboration enhances the travel experience by providing multiple payment options and industry-leading features, reflecting Riyadh Air’s commitment to innovation and supporting Saudi Arabia’s broader economic and technological goals.
The UAE’s new Jaywan payment platform, backed by Al Etihad Payments, is set for a full rollout in Q4-2024, offering lower-cost debit and prepaid card options. Supported by banks, e& UAE, and du, Jaywan aims to provide significant savings and tailored rewards for UAE consumers, enhancing both online and in-store payment experiences.
