Akurateco has partnered with DineroPay to advance mobile payments in Saudi Arabia, launching Apple Pay and Google Pay tailored to the local market. The collaboration focuses on secure, scalable solutions with network tokenization and full compliance with Saudi regulations, positioning both companies at the forefront of digital financial innovation in MENA.
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.
Oman saw a dramatic rise in mobile payments in 2023, with mobile transactions growing by 700% and the value processed through the MPCSS reaching OMR 1.44 billion. The surge highlights the country’s shift towards digital financial solutions, driven by the Central Bank’s modernization efforts and broader adoption of secure payment systems.
Geidea is expanding its innovative SoftPos service to Egypt after successful rollouts in Saudi Arabia and the UAE. This technology enables merchants to accept payments directly via smartphones, eliminating the need for traditional POS devices. Geidea’s SoftPos is part of their broader strategy to drive digital transformation in the region.
Gulf Bank has introduced the “WAMD” service, allowing customers to transfer money quickly and securely using a phone number via the bank’s mobile app. This new feature, implemented by KNET under the Central Bank of Kuwait’s supervision, enhances Gulf Bank’s digital services, making banking more convenient and accessible for its customers.
