Technology news and insights in the Middle East, South Asia, and Africa
Technology News and insights in the Middle East, South Asia, and Africa
Taly has named Tawfik Mahmoud as its new CEO and Managing Director, effective August 2025. With over 24 years of fintech leadership experience, Mahmoud is tasked with driving innovation, strengthening partnerships, and expanding Taly’s role in Egypt’s digital payments ecosystem and the broader regional market.
Basata Holding will invest $7 million in 2026 while preparing new investment services and regional expansion into Saudi Arabia, Morocco, and Kurdistan. The company, already serving over 120,000 merchants, aims to reach 150,000 this year and strengthen its leadership in Egypt’s fast-growing digital payments sector.
Munify has raised $3M in seed funding led by Y Combinator to expand its cross-border digital banking services for Egyptians abroad. The fintech aims to reduce remittance costs, improve access to global banking, and strengthen financial inclusion for expatriates.
Grey and dLocal have achieved 80% quarterly payout growth in new markets, including Brazil, South Africa, and Egypt. Their partnership is enabling faster, low-cost cross-border payments, supporting Grey’s expansion and dLocal’s global growth strategy amid efforts to regain investor confidence.
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.