Mastercard is advancing a digital payment initiative in Bangladesh, highlighted by their “Stunning Sydney 2024” campaign, aimed at reducing cash transactions. The campaign, encouraging digital payments during Eid-ul-Adha, aligns with Bangladesh’s goal to transition towards a cashless society.
Nepal’s digital payment landscape has grown significantly, with a notable decline in cheque usage and a surge in mobile and QR code transactions. This growth is fueled by cost savings and government incentives like VAT refunds on digital transactions at hospitality venues.
BDTax has launched a new mobile app for Android and iOS to facilitate easier tax filing in Bangladesh. The app features guided steps, secure document management, and AI-powered tools to streamline the process, ensuring compliance and enhancing user experience with professional support.
SETTLE, an Egypt-based B2B payment platform, has raised $2 million in pre-seed funding to enhance business financial operations. The investment aims to expand SETTLE’s global footprint and integrate real-time financial data tools, revolutionizing how businesses manage payments and treasuries.
stc pay has introduced the Corporate Prepaid Card in Bahrain, designed to offer businesses enhanced financial control and efficiency. This new solution includes features like attractive cashback on transactions, advanced security, and global acceptance, further establishing stc pay as a leader in the fintech sector.
CBI Governor Ali Al-Alaq announced that Iraq is set to surpass its neighbors in digital banking. With applications from over 70 banks for digital operations, Iraq embraces AI and big data to enhance financial services, expecting transaction volumes to reach $7 trillion by 2027.
PTCL partners with Mastercard to launch a versatile UPaisa debit card, enhancing digital payments across Pakistan and globally, with improved security and convenience.
Saudi Minister of Commerce, Majid Al-Qasabi, highlighted the growth of the e-commerce sector, fintech advancements, and support for SMEs, emphasizing the Kingdom’s focus on innovation and digital empowerment.
AfICTA and EiTESAL are supporting Egyptian and African IT firms to join the 24 Fintech conference in Riyadh, Saudi Arabia, from September 3 to 5. This event, crucial for financial technology across Asia, Europe, Africa, and the Middle East, aligns with Saudi Arabia’s Vision 2030 for digital transformation and offers substantial networking and showcasing opportunities.
Mastercard has partnered with Scale to accelerate fintech growth across Africa and the Middle East. The collaboration aims to eliminate technical and commercial barriers for fintechs, PSPs, and telcos, enabling them to focus on core business and launch new products efficiently. The partnership benefits financial institutions, merchants, governments, and consumers by enhancing financial inclusion and access to digital services.
