National Bank of Oman and Ooredoo Fintech Sign MoU on Digital Wallet and Payment Services
The National Bank of Oman and Ooredoo Fintech have signed a memorandum of understanding to develop a joint digital financial…
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Fawry Reports Exceptional Growth in 1Q2025 with 65.1% Revenue Increase and 97.1% Surge in Net Income
Fawry’s first quarter of 2025 demonstrates continued growth with a 65.1% increase in revenue and a 97.1% surge in net profit. Key drivers included strong performances in Financial Services, Banking, and Supply Chain Solutions. The company remains focused on expanding its digital services while enhancing profitability and operational efficiency.
FRiENDi Mobile Launches Mobile Wallet Service ‘FRiENDi Pay’ in Oman
FRiENDi Mobile has launched FRiENDi Pay, a mobile wallet service in Oman, enabling local and international money transfers, bill payments, and wallet top-ups. The service also supports remittances to countries like India, Pakistan, and the Philippines. It is fully compliant with Oman’s financial regulations and offers encrypted transactions.
STC Bank to Expand Services Following $800 Million Capital Injection
STC Bank, the digital banking arm of Saudi Telecom, has received an $800 million capital infusion to expand its services. The funds will enable the bank to offer a wider range of financial products, supporting its strategy to diversify and contribute to Saudi Arabia’s Vision 2030 by modernizing its financial sector.
Al Ansari Financial Services Acquires BFC Group Holdings, Strengthening Its Regional Leadership in Financial Services
Al Ansari Financial Services has completed its $200 million acquisition of BFC Group Holdings, expanding its market leadership in the Gulf region. The acquisition increases its customer base by 29% and branch network by 60%, while enhancing its digital and AI capabilities to further strengthen its position in financial services.
SS&C Technologies Expands Presence in the Middle East with New Office in Riyadh
SS&C Technologies has opened a new office in Riyadh to deepen its ties with Saudi Arabia’s financial sector. This expansion supports the company’s growth in the region, where it already serves 150 clients. The new office will focus on enhancing collaboration with local regulators and providing tailored services.
Maseera Acquires ADVA to Expand Financial Services in Egypt
Maseera has acquired ADVA, an Egyptian consumer finance platform, to enhance its financial services. The acquisition aims to leverage AI-driven lending solutions to provide inclusive financing for underserved segments in Egypt, particularly in healthcare and education. This move supports Maseera’s global expansion and financial inclusion mission.
MetLife Bangladesh Expands ‘One by MetLife’ App to Offer Broader Health and Financial Services
MetLife Bangladesh has expanded its ‘One by MetLife’ app, now available across iOS, Android, and web platforms. Offering 24/7 telemedicine, online medicine delivery, health assessments, and financial planning, the app has surpassed 1.3 million downloads. This expansion supports the company’s goal to provide accessible digital healthcare and financial services in Bangladesh.
du Announces Diamond Sponsorship of New Year’s Event for Blue-Collar Workers in Dubai
du has announced its Diamond Sponsorship of the GDRFA New Year’s event for the blue-collar community in Dubai. The event will feature performances, giveaways, and special promotions through alo. Additionally, du Pay will provide exclusive financial services, emphasizing inclusivity and accessibility for all UAE residents.
Al Baraka Bank Egypt Launches New Mobile App as Part of Strategic Digital Expansion
Al Baraka Bank Egypt has launched a new mobile banking app as part of its 2023-2025 strategy to enhance its digital ecosystem. The app, along with an upgraded internet banking service, aims to expand the bank’s digital presence, attract new customers, and provide innovative solutions, especially for corporate clients.
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