Tonik Financial Pte. Ltd. (Tonik), the parent company of Tonik Digital Bank, Inc. in the Philippines, has entered into a landmark agreement with Tendo Payment Solutions Pte. Ltd. (Tendo) to acquire its Philippine business, operating under the brand name “TendoPay”. This deal, which is subject to approval of relevant government authorities, is set to further […]

ASA Microfinance Bank (Pakistan) Ltd, a wholly owned subsidiary of ASA International Group plc, one of the world’s largest global microfinance institutions providing micro loans to emerging entrepreneurs across Asia and Africa, has entered into a partnership with Systems Limited & NdcTech to implement Temenos next-generation Core Banking system. NdcTech, a longstanding premier partner of […]

Jingle Pay, a UAE-based financial super-app providing money services, has announced a strategic partnership with Mastercard to provide innovative digital payment solutions that will drive financial inclusion. Jingle Pay users can now access the power and scale of the Mastercard network, which includes over 90 million merchants across the globe. Through this partnership, Jingle Pay […]

anb and JCB International Co., Ltd., the international operations subsidiary of JCB Co. Ltd., have partnered to launch JCB Card acceptance at all its POS and ATM locations deployed in the Kingdom of Saudi Arabia. JCB is a major global payment brand and a leading payment card issuer and acquirer in Japan, and JCB Cards […]

Huawei has signed a global commitment to join the International Telecommunication Union’s Partner2Connect digital alliance, which will bring connectivity to about 120 million people in remote areas in more than 80 countries by 2025. Liang Hua, Chairman of Huawei, announced the decision at the company’s 2022 Sustainability Forum, Connectivity+: Innovate for Impact. The forum explored […]

Mobilink Microfinance Bank Limited (MMBL), Pakistan’s largest digital bank, and U Microfinance Bank Ltd. (U Bank), Pakistan’s fastest-growing microfinance bank, have entered into a strategic partnership for providing housing finance facility for their employees.  The MoU was signed between Ghazanfar Azzam, President & CEO – MMBL, and Kabeer Naqvi, President & CEO – U Microfinance […]

Jazz, jointly with its digital financial services JazzCash and sister concern Mobilink Microfinance Bank (MMBL) have been recognized as diversity and inclusion (D&I) champions across 7 markets globally by VEON, a global digital operator, during the Ignite Top 200 event held in Dubai. “We are committed to improving the lives and livelihoods of women through our […]

Blnk, a fintech startup that enables instant consumer credit in Egypt, has raised $23.7 million in equity and debt funding, and $8.3 million in securitized bond issuance to accelerate financial inclusion within underserved communities across the country. The funds will support further development of Blnk’s Artificial Intelligence-powered lending infrastructure and the financing of the company’s fast-growing […]

As part of its effort to accelerate digital transformation in Egypt’s financial ecosystem, Mastercard announced a strategic long-term partnership with Arab African International Bank (AAIB). Through this partnership, Mastercard and AAIB will focus on the planning and execution of AAIB digital transformation strategy as well as delivering cutting-edge payment solutions that cater to the increasing […]

Pyypl – pronounced “People” – the Middle East and Africa (MEA) focused financial services platform and Hub71 company has closed its target Series B raise of $20 million from a diverse group of international investors and ten existing investors. Pyypl is considering opening a second tranche for further investment due to interest from investors. Since […]