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
Morocco’s Chari has raised $12 million in Series A funding led by SPE Capital and Orange Ventures — the country’s largest to date. The YC-backed startup also secured a payment institution licence, paving the way for a merchant super app and Banking-as-a-Service offering.
Jordan’s eFAWATEERcom processed JD11.57 billion in payments during 2025, while instant payments via CliQ surged 73%. The shift underscores the country’s accelerating move toward a cashless digital economy.
Bangladesh’s central bank has approved Robi’s SmartPay Limited to operate as a licensed digital payment provider, expanding the telecom’s fintech footprint and marking a major step in its financial service diversification strategy.
BENEFIT and Pay10 have signed an MoU to integrate dynamic QR interoperability between BenefitPay and Pay10, expand cross-border payments, and enhance SME access to digital financial solutions, reinforcing Bahrain’s leadership in FinTech innovation.
Axaipay and E3HUBS have signed an MoU to empower UAE entrepreneurs with fintech tools, cross-border payment access, and market expansion support into Malaysia and Australia, strengthening regional startup collaboration.
Verto’s UAE launch enables instant cross-border payments and transparent FX management for Gulf businesses trading with Africa and Asia, addressing long-standing inefficiencies in traditional banking systems.
ExxonMobil Egypt and fintech firm Octane have partnered to digitize vehicle services nationwide, introducing a new Digital Refueling System to enhance fleet efficiency, transparency, and operational control across Egypt.
Bahrain’s iGA and Beyon Connect have launched the Bulk KYC Service, enabling financial institutions to securely verify customer data at scale against national records — strengthening compliance, data integrity, and digital trust across the financial ecosystem.
Orange Egypt, in partnership with mnGm, has launched the country’s first digital gold trading service via mobile wallets, allowing customers to invest in gold seamlessly through the My Orange app. The move reinforces the telecom’s leadership in Egypt’s digital finance landscape.
Jordan’s MADA has raised $1.55M pre-seed funding led by Vision Ventures and D-Investments to scale its BNPL services. Operating under the Central Bank’s sandbox, MADA plans to secure licensing, enhance tech infrastructure, and expand regionally as investor interest in Jordan’s digital finance sector grows.