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
Basata Holding has increased its stake in MadfoatCom to 25%, aiming to accelerate digital financial inclusion and enhance digital payments in Jordan. The partnership will focus on scaling digital payment services and supporting SMEs with financial tools. The collaboration involves key Jordanian financial institutions, including Jordan Kuwait Bank.
Entlaq, in collaboration with the Netherlands Enterprise Agency (RVO) and the Embassy of the Netherlands, launched a Fintech Report highlighting Egypt’s growing financial technology sector. The report outlines key trends, challenges, and opportunities, positioning Egypt as a leader in MENA’s fintech space and emphasizing the importance of financial inclusion.
XPay has partnered with Huawei Cloud Services to enhance digital payment systems for businesses in Egypt. The integration of Huawei’s cloud technology will scale XPay’s services, supporting financial inclusion through multiple payment methods. This move is part of Huawei’s broader push into the fintech sector globally.
Trevi, an e-payment and loyalty app, has launched in Egypt, offering secure transactions, instant cashback, and rewards with no cap. Partnering with Paymob, Trevi aims to revolutionize digital payments, targeting 11.4 million users by 2029. Upcoming features include SNPL and Lending & Leasing services for a comprehensive financial solution.
Nepalese fintech companies Khalti and IME Pay have signed an MoU to merge, marking the country’s first-ever digital wallet consolidation. The merged entity may be named ‘IME Khalti’ or ‘Khalti Pay.’ This move follows a regulatory change by Nepal Rastra Bank, allowing digital wallet mergers under certain conditions.
Barq, a Saudi fintech company, has partnered with Alipay+ to enhance cross-border payments, becoming part of Alipay+’s international network. This collaboration supports Saudi Arabia’s Vision 2030 by improving financial transactions and boosting tourism. Barq’s previous partnership with Mastercard in 2024 further strengthens its payment solutions.
Yuze, a UAE-based digital business banking platform, is set to expand into India in Q2 2025. The platform will offer SMEs and freelancers in India tailored financial solutions, including digital accounts, automated invoicing, and expense tracking tools. Yuze aims to support financial inclusion and business growth in India’s digital economy.
Khazna, an Egyptian fintech startup, has raised $16 million in pre-Series B funding, bringing its total funding to over $63 million. The company provides financial services like salary advances and microloans to low-income workers. It plans to expand into Saudi Arabia and apply for a digital banking license in Egypt.
Halan Microfinance Bank, expanding into Pakistan, plans to enhance financial inclusion through digital and microfinance services. With a focus on underserved communities, the company aims to provide unsecured loans, vehicle financing, and Shariah-compliant products. Halan has already acquired Advance Microfinance Bank and plans to double its customer base in Pakistan.
Akurateco and DineroPay have partnered to advance mobile payments in Saudi Arabia. By implementing Apple Pay, Google Pay, and network tokenization technology, the collaboration aims to enhance security and scalability in mobile transactions, aligning with regulatory requirements and supporting the region’s transition toward digital-first financial solutions.