Chari, a Moroccan retail-tech startup, has partnered with Visa to enhance financial inclusion and innovation in Morocco’s fintech ecosystem. The collaboration aims to expand Visa’s presence, facilitate digital payments, and integrate more merchants into the formal financial system, contributing to a more inclusive and accessible economic landscape.
DPI Venture Capital, a new investment unit from DPI, has acquired Egyptian fintech fund manager Nclude, aiming to boost financial inclusion and access across Africa and the Middle East. The firm will focus on seed to Series C investments in tech companies enabling financial services for underserved consumers, particularly in Egypt.
Commercial International Bank – Egypt (CIB) has launched an upgraded internet banking platform, offering a seamless digital experience for customers to manage accounts and perform transactions directly via web browsers. The platform supports various banking services and reflects CIB’s commitment to digital innovation, financial inclusion, and customer-centric solutions.
VISA’s expansion in Pakistan, including office growth and partnerships with 1-Link and PayPak, has been recognized for enhancing financial inclusion and digital payments. Finance Minister Aurangzeb praised VISA’s role in accelerating Pakistan’s digital transformation and assured the government’s support in resolving operational challenges to strengthen the payment ecosystem.
Visa has made strategic investments in Tunisian fintech Konnect and Moroccan startup PayTic, enhancing its commitment to Africa’s fintech ecosystem. These investments are part of Visa’s ongoing USD 1B initiative, empowering startups with funding and mentorship. Konnect offers instant payments via shareable links, while PayTic provides compliance tools for financial institutions.
Maroc Telecom has partnered with Visa to integrate Visa’s payment services into MT Cash, its Mobile Money solution. This collaboration aims to enhance financial inclusion and expand digital financial services across Morocco and Africa. The partnership will help accelerate digital payments, targeting underserved populations and boosting e-commerce growth.
Tanmeyah and AMAN Holding have signed a strategic partnership to offer digital financial services, enabling Tanmeyah customers to access financing and make payments flexibly through AMAN’s retail network. The collaboration supports Egypt’s financial inclusion efforts and digital transformation, making financial services more accessible and efficient.
Aman Holding and Tanmeyah have partnered to offer digital financing and payment solutions, allowing Tanmeyah customers to manage their payments easily through Aman’s extensive retail network. This collaboration enhances financial accessibility and aligns with Egypt’s financial inclusion goals, making services available seven days a week.
Zain has launched the ‘Bede’ Digital Wallet in Sudan, enabling secure mobile financial transactions without the need for traditional bank accounts. The service, which caters to both feature phones and smartphones, will roll out in three phases, aiming to enhance financial inclusion and support Sudanese citizens in their daily financial needs.
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.
