Technology news and insights in the Middle East, South Asia, and Africa
Technology News and insights in the Middle East, South Asia, and Africa
Munify has raised $3 million in seed funding led by Y Combinator to revolutionize remittances for Egyptians abroad. The platform offers instant USD accounts, virtual cards, and low-cost transfers, already securing $50M in projected monthly transactions. It plans regional expansion to build a connected Middle Eastern banking ecosystem.
Munify has raised $3M in seed funding led by Y Combinator to expand its cross-border digital banking services for Egyptians abroad. The fintech aims to reduce remittance costs, improve access to global banking, and strengthen financial inclusion for expatriates.
pawaPay and Airtel Money Africa expand inbound remittance services across seven countries, enhancing cross-border payments with real-time mobile wallet transactions to over 161 million users. The partnership aims to boost financial inclusion and simplify payments across Africa.
Flutterwave’s Send App launch in Egypt enhances cross-border remittances with secure, fast, and accessible transfers, empowering the Egyptian diaspora to support families and communities while advancing Africa’s fintech ecosystem.
Pakistan plans to enable secure remittances from overseas workers, especially in Gulf countries, via PayPak. The initiative aims to digitize payments and improve access for millions of Pakistanis abroad.
LemFi launches in Egypt, targeting its $29.6B remittance market and diaspora in the US, UK, and Europe. The fintech leverages rising digital payments and aims to expand further in North Africa and beyond.
LemFi launched money transfer services to Egypt, leveraging rapid remittance growth and offering fast, low-cost transfers to support the Egyptian diaspora in key global markets.
Careem Pay has expanded its remittance service to Egypt, allowing UAE residents to send money directly to Egyptian bank accounts with competitive rates and near-instant transfers. This service, which offers a 50% cost saving over banks, is launched in time for Ramadan, when remittances typically see an increase.
MoneyGram has partnered with Comera Pay to offer seamless cross-border remittances from the UAE to over 200 countries via MoneyGram’s global network. Integrated into the Comera app, this collaboration supports the UAE’s transition to a cashless society, leveraging Comera Pay’s recent approval by the UAE Central Bank.