Technology news and insights in the Middle East, South Asia, and Africa
Technology News and insights in the Middle East, South Asia, and Africa
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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Paymob has secured a full operating license from the UAE’s Central Bank, boosting its growth potential in the region. The company plans to expand its team and take advantage of the UAE’s standardized infrastructure and instant payment platform, Aani, to streamline merchant onboarding and offer instant settlement for payments.
Astra Tech has secured $500 million in financing for its fintech subsidiary, Quantix, to expand its consumer lending platform and Ultra app, which has over 150 million users globally. The funding will help enhance the app’s financial services and integrate more features, supporting growth in the UAE fintech sector.
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.