Technology news and insights in the Middle East, South Asia, and Africa
Technology News and insights in the Middle East, South Asia, and Africa
Technology news and insights in the Middle East, South Asia, and Africa
Technology News and insights in the Middle East, South Asia, and Africa
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.
Pakistan’s digital payment channels processed 88% of retail transactions in Q2-FY25, with a 12% increase in transaction volume and a 28% rise in value. Mobile banking apps, e-money wallets, and branchless banking services played a pivotal role in driving growth. SBP’s initiatives continue to fuel financial inclusion and efficiency.
WE has partnered with Commercial International Bank (CIB) to offer tailored financial services to WE customers across Egypt. This collaboration aims to enhance financial inclusion, promote financial literacy, and integrate the informal economy into the formal financial sector, contributing to Egypt’s digital transformation and improving access to banking services.
Telecom Egypt’s WE has partnered with Commercial International Bank (CIB) to provide innovative digital financial services to millions of customers across Egypt. This collaboration aims to enhance financial inclusion and promote the integration of banking services within the WE digital ecosystem, contributing to Egypt’s digital transformation goals.
Basata Pay is transforming Egypt’s financial landscape by offering secure, user-friendly digital payment solutions. With over 40 million users, the platform connects service providers, merchants, and consumers, allowing seamless payments for various services. Spanning all 27 governorates, it boasts 150,000 points of sale nationwide, driving financial inclusion.
JazzCash, in collaboration with Salaam Family Takaful, has launched Salaam Investments, a Sharia-compliant investment solution for its 13 million users. The platform allows users to set financial goals, earn daily profits, and provides accidental insurance. This initiative aims to promote financial inclusion and empower underserved communities in Pakistan.