Technology news and insights in the Middle East, South Asia, and Africa
Technology News and insights in the Middle East, South Asia, and Africa
This partnership represents a critical step toward financial inclusion by bridging the gap between digital-first FinTech programs and traditional banking infrastructure. By providing a scalable foundation for future service expansions, the collaboration empowers digital operators to offer more comprehensive, user-centric financial products that are fully supported by Egypt’s established banking network.
Fawry’s 2025 performance underscores a successful pivot from a simple payment aggregator to a comprehensive digital bank. By integrating AI into operations and launching low-cost merchant tools like Soft POS, the company has solidified its infrastructure for sustainable, high-margin growth in Egypt’s evolving cashless economy.
The collaboration between a leading local telecom operator and a global tech giant highlights the increasing convergence of connectivity and fintech in emerging markets. By providing a “one-stop” digital ecosystem, the partners intend to drive the growth of the cashless economy while ensuring the platform can handle the massive transaction scales required for a nationwide rollout.
The record-breaking transaction volumes underscore a successful push toward financial inclusion and modernized infrastructure in Libya. By diversifying payment methods—moving from traditional cards to mobile applications and instant payment systems—the central authority is effectively reducing the economy’s reliance on physical currency while increasing the efficiency and transparency of the national banking sector.
Network International has enabled Apple Pay tokenisation for four Egyptian banks under the Central Bank of Egypt’s latest licensing wave, strengthening the country’s mobile payments ecosystem.
JazzWorld’s leadership joined global fintech discussions at Mobile World Congress 2026, highlighting how AI can expand financial inclusion in emerging markets. CEO Aamir Ibrahim emphasized trust, transparency and responsible innovation as key pillars for scaling intelligent finance and bringing millions of unbanked individuals into the digital economy.
WafR converts Morocco’s corner shops into digital finance hubs, offering payments, top-ups, and other financial services via a mobile platform. With 20,000 merchants onboard and plans for remittances, the startup leverages trust in neighborhood retailers to boost financial inclusion and accelerate digital service adoption.
Chief Executive Abdulwahed AlJanahi described the launch as a key milestone in enhancing Bahrain’s electronic payments infrastructure and enabling the country’s digital economy ambitions.
Mashreq has launched a digital cross-border banking service enabling UAE-based Pakistanis to remotely open and manage Mashreq Pakistan accounts through its UAE app. The service includes a unified dashboard, zero minimum balance accounts, and free instant remittances via Quick Remit, simplifying cross-border financial management.
Oman’s central bank has introduced formal regulations for Buy Now, Pay Later services, strengthening oversight of the growing instalment-based financing market while supporting responsible fintech innovation.