Morocco is set to legalize cryptocurrencies, reversing its 2017 ban, and exploring a Central Bank Digital Currency (CBDC), the e-dirham. This move supports financial inclusion and digital transformation, with the goal of enhancing public sector efficiency. The country aligns with global trends in blockchain technology and digital assets.
Artificial Intelligence is transforming financial services in Bangladesh, enhancing operational efficiency and customer experience, while also broadening financial inclusion. AI applications range from customer service chatbots to sophisticated fraud detection algorithms, contributing significantly to the development of a more inclusive and efficient financial landscape.
Telenor Microfinance Bank (TMB) has received a $10 million equity investment from Telenor Group and Ant Group, supporting the launch of Easypaisa’s digital retail banking operations in Pakistan. This investment, along with impressive financial results, strengthens TMB’s mission to enhance digital financial inclusion and deliver innovative banking solutions in Pakistan.
Chari has partnered with Orange Morocco to digitally empower small retail businesses in Morocco. This collaboration will provide retailers with tools for inventory management, digital payments, and financing, helping them transition from cash-based transactions. The partnership aligns with Morocco’s Digital 2030 strategy to foster financial inclusion and economic growth.
Saudi fintech leader Tamam has partnered with ZainTECH, Fico, and Lean Technologies to create an AI-driven credit assessment model, enhancing financial inclusion in line with Vision 2030. This collaboration aims to revolutionize the consumer finance landscape by integrating advanced technology and open banking solutions.
Orange Money has partnered with Mastercard to enable millions of users to access digital payments via Mastercard’s global network by 2025. Customers can obtain virtual or physical debit cards linked to their Orange Money wallets, allowing local and international transactions, thereby promoting financial empowerment in underserved communities across seven African countries.
JazzCash received the ‘Pioneering Telco to Launch Tap on Phone’ award from Mastercard, recognizing its innovation in enabling merchants across Pakistan to accept contactless payments via NFC-enabled devices, promoting a digital, cashless economy.
KaiOS and Mastercard are partnering to bring digital payment solutions to SMEs in developing markets, starting with Cote d’Ivoire and Nigeria. This initiative will enable businesses to process transactions using affordable KaiOS devices, promoting financial inclusion and modern commerce.
Absher, Saudi Arabia’s multifaceted digital platform, plays a pivotal role in the nation’s digital transformation aligned with Vision 2030. It enhances public service accessibility and drives financial inclusion through digital identity services, significantly impacting daily transactions and government interactions.
