Technology news and insights in the Middle East, South Asia, and Africa
Technology News and insights in the Middle East, South Asia, and Africa
Beyon Solutions and Bahrain FinTech Bay have signed an MoU to accelerate cloud adoption and strengthen digital transformation across Bahrain’s financial sector. The partnership focuses on supporting fintech startups and scale-ups with digital services, workshops, and ecosystem engagement, reinforcing Bahrain’s ambition to become a leading regional hub for innovation and technology growth.
ABHI has expanded its operations in Saudi Arabia through a partnership with Bayt, enabling employees to access earned wages ahead of payday and improving financial ease for workers. The deal supports broader financial inclusion goals and aligns with Saudi Vision 2030. ABHI continues to grow regionally, including launching a microfinance bank with TPL Corp.
stc pay Bahrain has partnered with GCC fintech Local to launch next-generation QR payment solutions for restaurants and service businesses, enabling instant scan-and-pay experiences and advancing digital payments across the region.
Pakistani fintech Abhi has partnered with UAE’s Numou to deliver embedded financing for SMEs, helping businesses unlock faster working capital availability and strengthen economic resilience in the region.
Egypt Post has unveiled Egypt’s first mobile-based investment platform, enabling simple access to diversified funds and supporting financial inclusion. “Felousy” strengthens Egypt Post’s role in digital transformation while new services such as Easy Pay upgrades and smart parcel lockers expand convenience and modernized service delivery nationwide.
Payment24 has strengthened its Middle East presence by launching a regional hub in Dubai and securing strategic contracts in the UAE and Saudi Arabia, marking a key milestone in its GCC expansion strategy. The company is responding to surging demand for advanced fleet, fuel, and retail payment technologies, positioning its modular platform as a backbone for digital transformation in the downstream oil and gas sector.
Payment24 has taken a major step in its Middle East expansion, opening a regional hub in Dubai and securing major contracts in the UAE and Saudi Arabia. The move underscores rising demand for advanced fleet, fuel, and retail payment technologies across the Gulf Cooperation Council (GCC).
Saudi Arabia’s Tarmeez Capital and Monsha’at have launched a $1 billion Shariah-compliant SME financing program to strengthen private-sector growth and support Vision 2030 goals through Sukuk-based funding.
FOO and eNovate have launched Egypt’s first digital student app, merging financial services, digital payments, and gamified experiences to promote youth financial literacy. Hosted securely on eFinance’s cloud, the platform empowers Gen Z students with smart, compliant, and engaging digital tools.
Morocco’s Y Combinator–backed startup Chari has secured new funding from Egypt’s DisrupTech Ventures to expand its fintech-driven retail network. The investment strengthens Chari’s goal of turning local stores into financial hubs across Africa, accelerating digital inclusion and economic growth.