Technology news and insights in the Middle East, South Asia, and Africa
Technology News and insights in the Middle East, South Asia, and Africa
Omani startup Raaz is building a mobile app that helps families understand spending, set goals, and gain financial confidence. Founded after a personal budgeting struggle, the platform uses analytics and machine learning to turn everyday transactions into actionable insights, with a full public launch planned soon.
Egyptian fintech Mogo has partnered with Saudi payments firm Geidea to integrate smart POS technology with consumer finance services. The collaboration enables merchants to offer seamless payments and instalments, supports SME digitalisation, and advances financial inclusion across Egypt’s growing digital payments ecosystem.
QNB is positioning itself at the centre of Qatar’s fintech evolution by modernising banking infrastructure, embracing cloud and AI, and fostering global collaboration through Web Summit Qatar. The bank’s strategy aligns digital innovation with national objectives, strengthening Qatar’s ambition to become a leading regional hub for financial technology.
Jordan has launched the region’s first Fintech Academy and applied lab, creating a national platform for AI, cybersecurity, blockchain, and digital payments training. The initiative supports the Economic Modernization Vision and aims to build a new generation of fintech leaders, positioning Jordan as a regional hub for financial innovation.
Saudi consumers are rapidly shifting away from cash, with 67 percent now relying mainly on cards and mobile payments. Visa’s latest report shows digital methods gaining ground even in everyday spending, driven by convenience, security, and rewards, aligning closely with Vision 2030’s push toward a cashless economy.
Saudi Arabia is rapidly shifting toward digital payments, with 67% of consumers now largely non-cash users, up 4% year-on-year. Visa’s report shows declining cash use across everyday categories as cards and mobile wallets gain ground, driven by convenience, security, rewards, and alignment with Vision 2030.
ADIB has named Corgea, Nothreat, and DTEX Systems as winners of its UAE Cybersecurity Innovation Challenge, spotlighting global startups delivering AI-driven solutions to strengthen digital resilience. The initiative aligns with national cybersecurity priorities and reinforces the UAE’s ambition to build a secure, future-ready financial ecosystem.
Eight in ten payments in Saudi Arabia are now digital, with mobile transactions reaching 16 percent, according to Visa. Cash use continues to fall across dining and bill payments as consumers shift toward faster, safer card and mobile options, driven by convenience, security, and rewards.
GMEC has launched Global Pay, a mobile payments app powered by Comviva, offering wallets, remittances, bill payments, and QR-based merchant acceptance. The platform supports Oman’s cashless strategy, enables interoperability across providers, and expands financial access beyond banks through a licensed non-bank payment service model.
Global Money Exchange Oman has launched Global Pay, a new mobile payments app powered by Comviva, enabling bill payments, remittances, and merchant transactions. The platform supports Oman’s cashless ambitions, strengthens digital infrastructure, and expands access to secure, inclusive financial services for consumers and businesses nationwide.