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
JazzCash customers can now link their debit cards to Google Wallet, enabling secure, seamless tap-to-pay transactions. This integration enhances JazzCash’s payment options, offering convenience and security for millions of Pakistanis. Google Wallet’s tokenization technology ensures secure transactions, while users can also protect their information in case of theft or loss.
ORA Technologies has raised $1.9 million in pre-Series A funding, increasing its total capital to $4.4 million. The investment will fuel the growth of ORA Cash, Morocco’s first social mobile wallet, and KooulMaroc, a food delivery service. This marks a key step in advancing Morocco’s digital and financial services.
YORA Technologies has raised $1.9 million in a pre-Series A funding round, bringing its total capital to $4.4 million. The investment will support the growth of its food delivery service, Kooul, and accelerate the development of ORA Cash, a digital payment solution, advancing digital and financial inclusion in Morocco.
ORA Technologies, a Morocco-based superapp, has raised $1.9 million in a pre-Series A round, bringing its total funding to $4.4 million. The company plans to expand its financial services platform, ORA Cash, and e-commerce marketplace, KooulMaroc, aiming to enhance digital payments and financial inclusion in Morocco.
Flow48 has raised $69M in Series A funding to expand its revenue-based financing platform into Saudi Arabia, targeting SMEs in the Middle East and Africa. The funding, a mix of debt and equity, will help Flow48 enhance its AI-driven tools and provide tailored financial solutions for under-supported SMEs.
Kuwait International Bank (KIB) has launched “Fast Transfer,” a new international remittance service in collaboration with Visa. Available through KIB’s mobile banking app, the service offers instant, transparent, and fee-free transfers to 40 international destinations. This service enhances KIB’s position as a leader in digital banking innovation in Kuwait.
Basata has increased its stake in MadfoatCom to 25%, reinforcing its role in advancing digital payments and financial inclusion in Jordan. This collaboration, alongside Jordan Kuwait Bank and the Social Security Investment Fund, will drive innovative payment solutions for businesses and consumers, focusing on SMEs.
The UAE’s fintech sector contributes 8.7% to the country’s GDP, with plans to increase this to 12% by 2031. The country is also focusing on the space economy and agricultural innovation, driving growth in new sectors. Additionally, 200,000 new business licenses were issued in 2024, boosting economic activity.
Fawry has made strategic investments totaling EGP 80 million in three Egyptian tech companies—Dirac Systems, Virtual CFO, and Code Zone. These investments expand Fawry’s “Fawry Business” suite, enhancing its ERP, financial management, and digital payment solutions for businesses, driving Egypt’s digital transformation and contributing to its cashless economy.
Basata has increased its stake in MadfoatCom to 25%, strengthening its role in advancing digital payments and financial inclusion in Jordan. The partnership, backed by Jordan Kuwait Bank and the Social Security Investment Fund, focuses on enhancing digital payment solutions, money transfers, and supporting SMEs through financial tools.