Technology news and insights in the Middle East, South Asia, and Africa
Technology News and insights in the Middle East, South Asia, and Africa
EdfaPay has launched Smart SoftPOS in Saudi Arabia following SAMA approval, enabling merchants to accept contactless payments on Android devices without hardware terminals. The unified, API-driven platform supports banks, fintechs, and enterprises with white-label solutions, accelerating cashless adoption and modernising the Kingdom’s payments ecosystem.
Digital payments now account for 80% of all transactions in Saudi Arabia, according to Visa, as consumers rapidly move away from cash. Mobile payments alone represent 16%, driven by convenience, security, and Vision 2030 reforms that are embedding digital finance into everyday life.
Global Money Exchange has launched Global Pay, a mobile payments app powered by Comviva, to accelerate Oman’s shift toward a cashless economy. The platform enables transfers, remittances, bill payments, and QR-based merchant payments without requiring a bank account, strengthening financial inclusion and interoperability across the Sultanate’s digital ecosystem.
Network International has signed a strategic processing agreement with Saudi Sudanese Bank to deliver end-to-end digital payments, including Mastercard sponsorship and prepaid issuing. The partnership aims to modernise Sudan’s financial ecosystem, improve cross-border trade efficiency, and enable faster, safer, and more inclusive banking services.
Network International has partnered with Saudi Sudanese Bank to deliver end-to-end digital payment processing in Sudan. The agreement introduces Mastercard sponsorship, prepaid issuing, and value-added services, supporting the bank’s digital transformation and advancing modern, secure financial infrastructure across the country.
Thawani Pay has partnered with Network International to expand credit card capabilities and accelerate Oman’s digital payments ecosystem. Following its Visa issuing licence, the fintech will leverage Network’s enterprise-grade processing to launch app-first cards, strengthen financial inclusion, and support Oman Vision 2040’s push toward a cashless economy.
Mastercard has announced new partnerships with STC Bank in Saudi Arabia and MEPS in Jordan to expand digital and cross-border payments. The collaborations enable faster international transfers via Mastercard Move and introduce Click to Pay for e-commerce, strengthening secure, transparent, and frictionless payment experiences across both markets.
Saudi Arabia’s STC Bank has partnered with Mastercard to expand cross-border payment services using Mastercard Move. The collaboration enables fast, secure transfers from the Kingdom to over 120 countries, supporting Vision 2030 by enhancing digital financial services, improving payment transparency, and offering flexible payout options for consumers and businesses.
Mastercard has announced new collaborations in Saudi Arabia and Jordan, partnering with STC Bank to enable fast cross-border transfers via Mastercard Move, and with MEPS to launch Click to Pay for e-commerce. The deals expand secure, transparent, and efficient digital payments across both markets.
Qlub raises $30M to expand its QR-based ultra-fast restaurant payment platform globally, driving faster checkouts, higher tips, and operational efficiency across multiple international markets.