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.
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.
