Pakistan’s insurance penetration remains low at 0.8% of GDP, leaving many vulnerable to financial shocks. However, fintech innovations by companies like Jazz and JazzCash are helping bridge the gap, with millions of policies distributed daily. By leveraging digital infrastructure, Pakistan can move closer to universal insurance coverage.
Teammates.ai won the Mastercard and FAB AI Startup Challenge, securing $150K and access to global fintech growth opportunities. The competition, focused on AI-driven solutions, aimed to enhance innovation in sectors like cybersecurity and fintech. Teammates.ai’s win also provides entry to Mastercard’s Start Path program for global scaling.
F1Soft, Nepal’s leading fintech company, celebrates its 21st anniversary and announces a leadership transition, with Siddhant Thakuri becoming the new President. F1Soft has been a pioneer in digital financial solutions, including mobile banking and digital wallets. Thakuri aims to accelerate the company’s next phase of growth and innovation.
bKash and Huawei received the GSMA GLOMO “Best FinTech Innovation” award at MWC Barcelona 2025 for their ‘Pay Later’ service. This solution provides microloans to Bangladesh’s unbanked, supporting financial inclusion, entrepreneurship, and reducing poverty. The partnership leverages Huawei’s mobile money platform to expand digital financial services in Bangladesh.
EazyPay has partnered with Receiptable to integrate digital receipt solutions into its payment ecosystem in Bahrain. The collaboration aims to enhance customer experiences with seamless, eco-friendly, and secure digital receipts, aligning with both companies’ commitment to innovation and sustainability in the financial sector.
Qi has launched its groundbreaking 3rd Generation App, SuperQi, in Iraq, integrating digital banking and a super app. The app, developed with Ant International and powered by Alipay+, offers diverse services such as payments, transfers, and loans. SuperQi aims to drive financial inclusion and modernize Iraq’s economy.
ADIB, in collaboration with Emirati fintech company Lune, has launched the region’s first personal finance management tool, the ADIB Money Management Tracker. This tool offers users insights into their financial activities by tracking income and expenses, empowering them to make informed decisions and plan for short-term and long-term goals.
Paymob has integrated Apple Pay for Egyptian merchants, marking a milestone in Egypt’s digital payments transformation. The partnership enhances consumer convenience and security, enabling contactless payments via Apple devices. This integration aligns with Egypt’s Vision 2030, promoting financial inclusion and boosting the digital economy as the nation embraces fintech innovation.
EdfaPay, a Riyadh-based fintech platform, has successfully closed a $5 million pre-Series A funding round. The investment will support its expansion across the MENA region and Pakistan, enhancing its digital payment solutions for SMEs. The platform’s SoftPOS technology and payment gateway services continue to attract regional and global partners.
Ooredoo Fintech and PayPal have partnered to enable seamless transfers between Ooredoo Money wallets and PayPal accounts in Qatar. This collaboration enhances access to global markets for consumers and small businesses, offering new opportunities for cross-border commerce and digital payments, with plans for expansion across the Gulf and MENA regions.
