Technology news and insights in the Middle East, South Asia, and Africa
Technology News and insights in the Middle East, South Asia, and Africa
Egyptian fintech MNT-Halan is expanding its GCC presence with new services in the UAE and plans to launch in Saudi Arabia. Targeting underserved consumers, the unicorn is betting on its experience in Egypt to tap into Saudi’s unbanked population, supported by fintech-friendly regulations and growing digital adoption.
Saudi Arabia has unveiled new digital payment initiatives with Ant International, Google Pay, and Thunes. Key moves include cross-border QR payments via Alipay+ in 2026, Google Pay integration with the mada system, and real-time remittance services through barq and Thunes, advancing Vision 2030 goals of inclusivity and financial innovation.
Saudi Arabia’s SAMA and Ant International will roll out Alipay+ in 2026, enabling cross-border QR payments via the mada system. The initiative supports Vision 2030 goals of boosting digital payments, empowering SMEs, and enhancing the Kingdom’s status as a global tourism and innovation hub.
Google Pay and Alipay have launched in Saudi Arabia, supporting Vision 2030’s cashless economy goals. Their entry expands digital payment options, boosts financial inclusion, and strengthens the fintech ecosystem while fueling e-commerce and retail growth across the Kingdom.