Thursday, 16 April 2026

Technology news and insights in the Middle East, South Asia, and Africa

Technology News and insights in the Middle East, South Asia, and Africa

Technology news and insights in the Middle East, South Asia, and Africa

Technology News and insights in the Middle East, South Asia, and Africa

Headlines

Fintech

Beyon Money and SwiftX Launch Stablecoin-Powered Cross-Border Payments in Bahrain

Shahzaib02 mins

Beyon Money has launched live stablecoin-powered cross-border payments through a new partnership with global money transfer operator SwiftX. Using blockchain-based settlement, the solution enables faster, cheaper, and more transparent international transactions while reducing foreign exchange and operational costs. The collaboration strengthens Bahrain’s fintech ecosystem and positions Beyon Money as a regional leader in next-generation digital payment infrastructure.

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Abu Dhabi Launches FIDA Cluster to Drive Next-Generation FinTech, Digital Assets and Insurance Growth

Shahzaib03 mins

Abu Dhabi has launched the FinTech, Insurance, Digital and Alternative Assets (FIDA) cluster to accelerate growth in next-generation financial services. Approved by Sheikh Khaled bin Mohamed bin Zayed and unveiled at Abu Dhabi Finance Week 2025, the initiative is projected to add AED56 billion to GDP by 2045, create 8,000 jobs, and attract AED17 billion in investment. The cluster will strengthen digital assets, fintech, insurance, ESG finance, and alternative investments while reinforcing Abu Dhabi’s position as a global financial innovation hub.

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Rostro Group Enters UAE Market with New SCA Licence

Shahzaib02 mins

Rostro Group has entered the UAE fintech market after receiving a Category 5 licence from the Securities and Commodities Authority. The approval enables the group to expand its institutional and retail trading services across the GCC through its Scope Prime and Scope Markets brands. Backed by a fast-growing fintech ecosystem and strong regulatory support, Rostro’s move reinforces the UAE’s position as the leading fintech hub in the MENA region.

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Beyon Solutions and Bahrain FinTech Bay Form Strategic Partnership to Accelerate Cloud Adoption

Shahzaib01 mins

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.

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Pakistani Fintech ABHI Expands Operations to Saudi Arabia Through Partnership With Bayt

Shahzaib01 mins

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.

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Egypt Post launches ‘Felousy’ as Egypt’s first digital investment platform for funds

Shahzaib02 mins

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.

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Payment24 Expands Middle East Operations with New Dubai Hub

Shahzaib02 mins

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.

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