Technology news and insights in the Middle East, South Asia, and Africa
Technology News and insights in the Middle East, South Asia, and Africa
Kuwait’s WAMD real-time payments system rapidly gains traction, powered by KNET and ACI Worldwide. The platform drives instant, secure digital transactions nationwide, fostering financial inclusion and innovation aligned with Kuwait’s digital transformation goals.
WAMD, Kuwait’s real-time payment system powered by ACI Worldwide and KNET, has quickly gained over one million users since its 2024 launch. The system improves payment speed, security, and convenience, supporting Kuwait’s digital transformation and setting the stage for expanded fintech integration and e-commerce payment solutions.
Tarabut, the MENA region’s largest open banking platform, has acquired UK-based Vyne, enhancing its real-time payment capabilities. This acquisition enables Tarabut to expand its reach and offer seamless, account-to-account payments across the region, starting in Bahrain and soon in Saudi Arabia and the UAE.