Technology news and insights in the Middle East, South Asia, and Africa
Technology News and insights in the Middle East, South Asia, and Africa
Saudi fintech CASHIN has raised USD 16 million in Series A funding to digitise financial and operational management for fuel stations. The AI-driven platform aims to improve efficiency, governance, and supply safety while supporting the digital transformation of Saudi Arabia’s energy and infrastructure ecosystem.
Visa has created a new sub-region covering Egypt, Libya, and Sudan to accelerate digital payments adoption and strengthen regional coordination. The move supports financial inclusion, digital commerce expansion, and closer collaboration with governments and financial institutions across North Africa.
Beyon Money Business has partnered with BitOasis Bahrain to deliver a closed-loop digital wallet solution linking traditional finance and crypto services across the GCC. The collaboration supports secure, regulated access to digital assets while advancing fintech innovation and financial inclusion across the regional digital economy.
10x Banking and HassemPrag have partnered to deliver a unified cloud-native banking platform aimed at helping African banks modernise legacy systems and accelerate product launches. The modular solution enables faster deployment of digital services, reduces transformation risk, and supports real-time processing and scalable growth.
Pakistan’s IT minister has welcomed the partnership between Fasset and Habib Rafiq Limited, highlighting its potential to expand financial inclusion, enable asset tokenisation, and attract global investment into Pakistan’s digital economy while supporting freelancers and fintech innovation.
du Pay and Esewa Money Transfer have partnered to enhance wallet-to-wallet remittances for Nepalese expatriates in the UAE, offering incentives to encourage digital transfers. The initiative aims to improve convenience, speed, and financial inclusion while supporting the growing adoption of fintech-based cross-border payment solutions.
Tunisia recorded an 81% increase in mobile payments in 2025, driven by digital wallet adoption, infrastructure modernization, and financial inclusion initiatives. The growth reflects a broader shift toward electronic transactions as mobile platforms become the preferred payment method across consumer and merchant activities in the country.
AlloyX and Bahrain FinTech Bay have partnered to accelerate stablecoin innovation and adoption in Bahrain, focusing on regulated digital finance, blockchain integration, and fintech ecosystem collaboration. The initiative supports the Kingdom’s ambition to strengthen its role as a regional hub for digital assets and next-generation financial infrastructure.
Mashreq launches digital cross-border accounts allowing UAE-based Pakistanis to remotely open and manage Pakistan accounts through a single mobile app. The service enables instant transfers, unified account visibility and a fully digital onboarding experience, strengthening cross-border banking convenience for expatriate customers.
Through ongoing partnerships with global technology providers, financial institutions, and government stakeholders, stc pay aims to remain at the forefront of fintech innovation while supporting the development of an inclusive and connected financial ecosystem in the region.