WE has partnered with Commercial International Bank (CIB) to offer tailored financial services to WE customers across Egypt. This collaboration aims to enhance financial inclusion, promote financial literacy, and integrate the informal economy into the formal financial sector, contributing to Egypt’s digital transformation and improving access to banking services.
Telecom Egypt’s WE has partnered with Commercial International Bank (CIB) to provide innovative digital financial services to millions of customers across Egypt. This collaboration aims to enhance financial inclusion and promote the integration of banking services within the WE digital ecosystem, contributing to Egypt’s digital transformation goals.
Basata Pay is transforming Egypt’s financial landscape by offering secure, user-friendly digital payment solutions. With over 40 million users, the platform connects service providers, merchants, and consumers, allowing seamless payments for various services. Spanning all 27 governorates, it boasts 150,000 points of sale nationwide, driving financial inclusion.
JazzCash, in collaboration with Salaam Family Takaful, has launched Salaam Investments, a Sharia-compliant investment solution for its 13 million users. The platform allows users to set financial goals, earn daily profits, and provides accidental insurance. This initiative aims to promote financial inclusion and empower underserved communities in Pakistan.
Contact Financial Holding and Fawry have expanded their partnership to integrate Contact’s BNPL service into Fawry’s extensive payment network. The collaboration enhances financial inclusion and supports Egypt’s digital transformation, offering customers more payment flexibility and easier access to digital financial services.
JazzCash has integrated its debit cards with Google Wallet, allowing users to make secure and seamless tap-to-pay transactions. This enhancement strengthens JazzCash’s payment solutions portfolio and provides millions of Pakistanis with more convenient, digital financial services. The feature offers added security through tokenization technology and account protection options.
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.
Bangladesh’s mobile financial services (MFS) reached a record-breaking Tk 1.64 trillion in transactions in December 2024. The country’s total mobile banking transactions for 2024 were Tk 17.37 trillion, marking a 28.42% increase compared to 2023. MFS accounts also grew significantly, reaching 238.6 million by December 2024.
EFInA CEO Foyinsolami Akinjayeju discussed the organization’s collaboration with the Nigerian Communications Commission (NCC) and other agencies to expand connectivity in rural Nigeria. Despite high mobile and internet penetration, limited infrastructure has hindered financial inclusion. Ongoing projects aim to enhance connectivity and improve access to financial services through digital technology.
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.
