Qatar Central Bank has introduced the ‘Multiple Wallets per Mobile Number’ feature in the Qatar Mobile Payment system, enabling users to manage two wallets with different service providers. This feature enhances user experience, fosters competition, and supports financial inclusion, reinforcing QCB’s commitment to advancing mobile payments in the country.
Bangladesh’s e-commerce sector is growing rapidly, but the transition to digital payments remains slow due to the country’s strong reliance on cash. To foster growth, efforts are needed to educate consumers, improve infrastructure, and increase merchant adoption of electronic payments, ultimately driving the shift towards a cashless economy.
Qatar Central Bank has introduced the ‘Multiple Wallets per Mobile Number’ feature in the Qatar Mobile Payment system, allowing users to open two wallets under different payment service providers. This initiative enhances user experience, supports competition and innovation, and promotes financial inclusion in line with the Third Financial Sector Strategy.
e& Egypt has introduced an instant cross-border remittance feature in its digital wallet, allowing users in Egypt to receive money from the UAE and Saudi Arabia. This service, developed with Banque du Caire, aims to streamline financial transactions, enhance financial inclusion, and reduce reliance on cash in Egypt.
Telecom companies are expanding into fintech, offering digital wallets, cross-border payments, and financial services. By leveraging customer data and payment infrastructures, they are enhancing financial inclusion and creating seamless, secure financial experiences. This collaboration between telecom and fintech sectors is transforming the digital economy and offering new growth opportunities.
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.
Maseera Holding has acquired Adva, an Egyptian fintech platform, to drive financial inclusion in North Africa. The acquisition strengthens Maseera’s expansion strategy, leveraging Adva’s AI-driven credit scoring model to provide financing for underserved Egyptians. Adva will focus on consumer finance and apply for Egypt’s first digital finance license.
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.
Maseera has acquired ADVA, a leading Egyptian consumer finance platform, to drive financial inclusion in Egypt. The acquisition will strengthen Maseera’s AI and data analytics capabilities, focusing on expanding credit access for underserved populations. ADVA will also seek Egypt’s first digital consumer finance license to enhance onboarding processes.
Maseera Holding has acquired Adva, an Egyptian fintech platform, to boost its regional expansion in North Africa. This acquisition enhances Maseera’s focus on financial inclusion by offering tailored financing solutions to underserved populations in Egypt. Adva will also apply for Egypt’s first digital consumer finance license.
