Technology news and insights in the Middle East, South Asia, and Africa
Technology News and insights in the Middle East, South Asia, and Africa
MFTA launches its Iraq chapter to advance fintech innovation and regulatory progress amid rapid digital transformation. Led by fintech pioneer Bahaa Abdul Hadi, the chapter will drive collaboration, inclusion, and integrate Iraq into the MENA fintech ecosystem.
PALM secures seven-figure pre-seed funding to scale its goal-based saving platform in Egypt. By blending investment with behavioural incentives, PALM aims to modernize saving habits and boost financial inclusion in line with national development goals.
ElGameya’s recent seven-figure funding round empowers the fintech to scale its innovative, app-based savings platform targeting underserved Egyptian communities. With nearly one million users and strong growth, the investment supports product development and expansion, advancing financial inclusion and flexible credit solutions across diverse population segments.
The 19th IsDB Global Forum in Algiers focused on digital transformation and financial inclusion in Islamic finance. Key initiatives like the Medikids Project and AI Hackathon highlighted innovation, while discussions emphasized fintech, Sukuk, and sustainable development’s role in advancing the $4+ trillion Islamic finance industry.
AL Ahly Momken and Post Distribution CO-PDC have partnered to establish a new branch network across Egypt, promoting financial inclusion and digital transformation. Initial branches in Cairo and Port Said will offer e-wallet, KYC, and payment services, focusing on reaching underserved regions and supporting Egypt’s Vision 2030 goals.
Standard Chartered Pakistan has launched the 7th Cohort of its Women in Tech Accelerator, aimed at empowering female entrepreneurs by providing mentorship and funding. Over the past six years, the program has supported over 140 women founders and helped 43 secure seed funding.
Mastercard and LankaPay have partnered to enhance Sri Lanka’s digital economy through three key initiatives: co-branded debit cards, low-cost QR payments for tourists, and AI-powered fraud detection. These efforts aim to improve financial inclusion, support SMEs, and boost tourism-driven revenue, advancing the country’s digital transformation.
At GITEX Africa 2025, Digital Virgo’s Regional CEO Mounia Terhzaz discussed the company’s role in Morocco’s digital transformation, focusing on financial inclusion through innovative payment solutions and empowering local content creators. Digital Virgo’s approach combines technology, market insights, and strategic partnerships to drive growth in Morocco’s digital economy.
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.