Technology news and insights in the Middle East, South Asia, and Africa
Technology News and insights in the Middle East, South Asia, and Africa
Du Pay’s Flexi Cash Loan uses wallet data, regulated lending, and fintech credit analytics to deliver fast, transparent short-term loans for underserved UAE expat workers through a fully digital experience.
Network International launched the UAE’s first biometric payments proof-of-concept with the Central Bank, showcasing palm and facial recognition for secure, cardless transactions and reinforcing the country’s push toward frictionless, future-ready digital payments.
Botim money has partnered with Mastercard to embed global remittances into the botim app, enabling users in the UAE to send money to over 150 countries. Powered by Mastercard Move, the integration delivers fast, secure transfers to bank accounts, wallets, or cash pickup points, simplifying cross-border payments within a single platform.
RAKBank has received in-principle approval from the UAE central bank to issue a dirham-backed stablecoin. Fully reserved and blockchain-based, the token strengthens the UAE’s regulated digital payments ecosystem, though adoption and interoperability remain key challenges.
Fasset has partnered with ADI Foundation to deliver regulated onboarding and fiat connectivity for blockchain services built on ADI Chain, including future Dirham-backed stablecoin use cases. The collaboration supports institutional adoption of compliant digital asset infrastructure in line with the UAE’s evolving regulatory and digital finance framework.
UAE telecom operator e& is piloting AE Coin, a dirham-backed stablecoin, for everyday payments such as bills, recharges, and digital services following a partnership with Al Maryah Community Bank. The initiative signals growing regulatory-backed adoption of stablecoins in the UAE’s consumer and financial ecosystems.
UAE telecom operator du has launched a new ‘Salary in the Digital Wallet’ service via du Pay, allowing blue-collar workers to receive wages directly into their digital wallets. The service offers cashless convenience, international transfers, and bill payments, addressing financial inclusion for workers without access to traditional banking.
Checkout.com plans to launch card issuing services in the UAE by 2026, pending regulatory approval. The service will enable businesses to offer branded physical and virtual cards, streamline B2B payouts, and manage expenses. Checkout.com continues to expand in the MENA region, enhancing its digital payment solutions and partnerships.
Careem Pay has launched a new remittance service for UAE residents, allowing direct transfers to bank accounts in Egypt. The service offers competitive rates, quick transactions, and benefits for Careem Plus members. This expansion supports the UAE’s digital financial inclusion goals and addresses the needs of the Egyptian expatriate community.
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