Pakistan’s fintech industry is experiencing rapid growth, with branchless banking accounts increasing significantly. However, low financial literacy remains a challenge, leaving many vulnerable to fraud. Initiatives like the National Financial Literacy Program aim to address these issues, ensuring that the benefits of fintech are accessible to all citizens.
Chinese fintech group FinVolution has launched Daira, a new lending platform tailored for the Pakistani market.
The initiative aims to support 25,000 retailers across Egypt, enhancing their digital transformation and business growth.
Panel discussions highlighted the role of AI in expanding decentralized finance applications across various sectors.
The academy will offer diverse courses, starting with an AI in FinTech program from UC Berkeley, aimed at developing skills for the digital economy.
FinVolution Group has launched Daira, its new fintech platform in Pakistan, marking a major step in its global expansion. The platform aims to address the country’s financial inclusion gap by providing localized digital financial services. With this launch, FinVolution strengthens its presence in South Asia’s growing fintech market.
Digital Dubai has launched the ‘Dubai Cashless Strategy’ to enhance secure digital payment solutions across government and private sectors. Aiming for 90% cashless transactions by 2026, the initiative aligns with the Dubai Economic Agenda (D33) and is expected to boost economic growth by over AED 8 billion annually.
Egypt-based fintech Bokra has partnered with the Canadian International College to launch a USD 200,000 fund supporting aspiring student entrepreneurs. The initiative introduces Bokra Academy, which aims to bridge academia and industry by providing essential skills, certified courses, and access to employment or funding for entrepreneurial ventures.
Mastercard and Amazon Payment Services have signed a multi-year partnership to digitize payment acceptance across the Middle East and Africa. This collaboration will utilize Mastercard Gateway to enhance transaction security and speed, benefiting thousands of merchants and consumers across the region.
Wasoko and MaxAB have completed Africa’s largest tech merger, creating a Pan-African platform serving 65 million consumers. The merger expands fintech services, intra-Africa trade, and private label products across five countries, positioning the company as a leader in Africa’s evolving tech ecosystem.
