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 recorded Rs 98.43 trillion in electronic transactions in FY 2024/25, a 71% jump from the previous year. RTGS dominated with Rs 74.9 trillion, while mobile banking, QR codes, and e-commerce payments also grew, reflecting strong momentum toward a cashless economy.
The National Bank of Bahrain has become the first Diamond Sponsor of Fintech Forward 2025, reaffirming its leadership in driving digital innovation. The event will unite global fintech leaders in Bahrain to explore integration, regulation, and trust, as the Kingdom builds a mature, future-ready financial ecosystem.
Orange Egypt has partnered with Enjaz Payment Services to launch exclusive money transfers from Saudi Arabia to Egypt via Orange Cash wallets. Customers enjoy fee-free transfers, instant receipt, and EGP500 cashback, reinforcing Orange’s regional remittance expansion and Enjaz’s strong Saudi fintech network.
Revolut has applied for regulatory approval in Morocco, aiming to disrupt the country’s banking sector with mobile-first, zero-fee financial services. With €41B valuation, 60M users, and strong profitability, the neobank sees Morocco as a strategic MENA gateway following its South Africa launch.
IBA Group and Berexia Payment have partnered with Al Barid Bank and Royal Air Maroc to launch a SoftPOS solution in Morocco, enabling merchants and airlines to accept contactless payments via smartphones and tablets. The move strengthens Morocco’s digital payments growth and enhances passenger travel experiences.
Holo has raised $22M in Series A funding, led by Impact46 and backed by Mubadala and others, to expand its mortgage fintech platform in the UAE and Saudi Arabia. The company aims to simplify homeownership with 500+ mortgage products, regional talent growth, and stronger product innovation.
Visa’s Africa Fintech Accelerator includes four North African startups, supporting digital financial inclusion and SME growth in Egypt and Morocco.
EdfaPay secures triple PCI MPoC certifications, becoming the first MENA firm to do so, boosting secure mobile payments adoption and fintech innovation in the region.
Digified gains FRA approval to offer AI-powered digital onboarding and eKYC services to Egypt’s NBFIs, enabling fully legal digital IDs and e-contracts and advancing financial inclusion in the MEA region.
BENEFIT and General Assembly Bahrain partner to enhance tech workforce skills through training, recruitment, and collaborative events, strengthening national talent for digital transformation.