MENA

Bank of Egypt Ups Withdrawal Limits for Instant Payments
Bank of Egypt Ups Withdrawal Limits for Instant Payments
March 12, 2023  |  Real-Time Payments

Egypt’s central bank has increased the amount of money that can be withdrawn via payment service providers. The Central Bank of Egypt (CBE) said last...

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Paymob Teams With Arabic Streaming Platform Shahid
Paymob Teams With Arabic Streaming Platform Shahid
March 09, 2023  |  Partnerships

Paymob wants to help Egyptian consumers pay for streaming video via eWallets. The financial services company announced in a Thursday (March 9) press release that...

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Ooredoo and Huawei Partner on Mobile Money in MENA Region
Ooredoo and Huawei Partner on Mobile Money in MENA Region
March 06, 2023  |  Financial Inclusion

Ooredoo and Huawei have partnered on mobile money in the Middle East and North Africa. This collaboration will provide Huawei’s FinTech and mobile money platform...

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Tazapay Adds Open Banking With Volt’s Help
Tazapay Adds Open Banking With Volt’s Help
February 28, 2023  |  Partnerships

Singapore’s Tazapay has teamed with Volt to add open banking to its payments offerings. The collaboration, announced in a Tuesday (Feb. 28) news release, will...

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Travelex Launches Middle East Wholesale Banknote Business
Travelex Launches Middle East Wholesale Banknote Business
February 28, 2023  |  Travel Payments

Foreign exchange company Travelex has launched a wholesale banknote business in the Middle East. The new operation, announced Tuesday (Feb. 28), comes amid continued consumer...

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Legacy Payments Infrastructure Holds Small Merchants Back in Emerging Markets
Legacy Payments Infrastructure Holds Small Merchants Back in Emerging Markets
February 16, 2023  |  Digital Payments

The imbalance between payments issuance and acceptance is a major pain point in emerging markets. According to Islam Shawky, co-founder and CEO at Cairo-based digital...

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Saudi FinTech Hala Acquires Paymennt.com
Saudi FinTech Hala Acquires Paymennt.com
February 15, 2023  |  Acquisitions

Saudi FinTech Hala is expanding its payments offering with the purchase of Paymennt.com. The deal, announced in a Wednesday (Feb. 15) news release, will help...

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Visa and Tingo Debut Super App for Africa’s Farmers
Visa and Tingo Debut Super App for Africa’s Farmers
February 14, 2023  |  Financial Inclusion

Nigerian Agri-FinTech company Tingo has teamed with Visa to launch digital payment offerings in Africa. The partnership, announced in a Tuesday (Feb. 14) news release,...

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UAE Plans Digital Dirham to Promote Cross-Border Payments
UAE Plans Digital Dirham to Promote Cross-Border Payments
February 13, 2023  |  CBDC

The United Arab Emirates (UAE) is preparing to launch a central bank digital currency. The Gulf nation announced its digital currency plans Sunday (Feb. 12)...

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