Raseedi has acquired Kashat, owner of Pharos Microfinance S.A.E., to expand its product offerings by introducing instant loans for Egypt’s underbanked population. This acquisition enhances Raseedi’s daily fintech app and leverages its credit scoring algorithm to offer quick, digital loans to small business owners, driving financial inclusion.
On Pan African Post Day, Algérie Poste highlighted its role in financial inclusion, managing over 29 million postal accounts and providing services to 15 million Gold Card holders. The organization continues expanding its digital services, ensuring accessibility for all, including those with special needs, and fostering sustainable development and economic growth.
Finhaat is expanding its financial services with the launch of Finhaat Wealth, a tech-driven wealth management platform for distributors and end users. Building on its success in the insurance sector, the platform aims to provide wealth solutions to India’s aspirational and emerging markets, enhancing financial inclusion.
Cairo Amman Bank has partnered with Mastercard to improve cross-border money transfers for its customers in Jordan using Mastercard Move’s capabilities. This collaboration aims to enhance financial inclusion and facilitate secure, efficient payments to 37 countries. The partnership also includes tailored fraud analytics and risk control services.
JazzCash has revealed a three-year roadmap to accelerate Pakistan’s transition to a cashless society, aiming to integrate the informal economy, boost financial inclusion, and increase tax compliance. With nearly 20 million active users, JazzCash is a key player in driving digital payments and expanding its regional footprint.
MCCI Dhaka has recommended integrating mobile financial services with Bangladesh’s National Payment Switch, establishing independent credit-scoring agencies, and launching digital banks to address financial inclusion gaps. These measures aim to boost the country’s digital financial services, enhance e-commerce growth, and improve access to loans for underserved groups.
HyperPay has secured a licence from the Saudi Central Bank (SAMA) to advance digital payment services in Saudi Arabia. This move supports the company’s expansion and aligns with Vision 2030, aiming to enhance financial efficiency and inclusion. HyperPay also plans to go public in Saudi Arabia by 2025.
PayMint, an Egyptian fintech, has received approval from the Central Bank of Egypt to launch its Meeza prepaid card in collaboration with ADIB-Egypt. The card will allow users to make everyday transactions, with additional features available through PayMint’s mobile app, promoting financial inclusion and supporting Egypt’s paperless society vision.
Talaty, a Moroccan fintech company, has secured investment from Witamax and Renew Capital to enhance financial inclusion for SMEs in Morocco and Francophone Africa. The AI-driven platform helps reduce costs and defaults, offering faster credit decisions, and aims to support SMBs with essential financial services across the region.
SuperQi, launched by Qi Card in partnership with Ant International, is a next-generation digital app combining banking and lifestyle services. Aimed at boosting financial inclusion in Iraq, the app offers services like payments, transfers, loans, and mobile recharges. It targets over 15 million users, promoting a cashless society.
