Financial Technology

FinTech, payments, digital banks, financial infrastructure, and innovation in financial services.

29 Articles

e& money Increases Its Registered Wallets to 13.1 Million and Captures 20% of E-Wallet Transactions

e& money added approximately 3.4 million wallets during the first half of 2026, raising its share of registered wallets in Egypt to 23% and its share of the number of financial transactions to 20%, according to indicators from the National Telecommunications Regulatory Authority.

2026-10-05

Financial Technology

Apple Pay Begins Rollout in India Through Axis Bank with Card and Acceptance-Point Restrictions

Apple has begun rolling out Apple Pay in India in partnership with Axis Bank, but the service is initially limited to eligible Visa and Mastercard cards and does not support the RuPay network. Disputes over fees may delay the participation of HDFC Bank, ICICI Bank, and SBI Card in the rollout.

2026-09-29

Financial Technology

UPN Launches Global Coalition to Shape the Future of Payment Interoperability

Universal Payment Network, a subsidiary of FinTra Holding, has launched the UPN Consortium platform to involve payment networks, banks, wallets, and remittance companies in defining the network’s strategy, roadmap, and pricing principles. The announcement comes as UPN reveals the first live transaction from a local wallet across Africa, while the network says it covers more than 50 markets and provides access to more than 100 alternative payment methods.

2026-09-23

Financial Technology

Lendo and Quantic Launch $200 Million Financing Program for Small and Medium-Sized Enterprises in Saudi Arabia

Saudi Arabia’s Lendo and Austria’s Quantic have announced an institutional capital program of up to 750 million riyals, allocated to finance working capital for small and medium-sized enterprises in the Kingdom. The agreement gives Lendo greater financing capacity, with the possibility of structuring Sharia-compliant investment products for international investors.

2026-09-18

Financial Technology

Skalar Launches Financing Model Linking Customer Acquisition Costs to Their Revenue

Skalar has launched a model to finance sales and marketing expenses for technology startups without taking equity or imposing a fixed repayment schedule, instead recovering its money from revenue generated by acquired customers. The company says it has committed to financing more than $125 million for seven companies over the next 12 months, while the risks of accelerated repayment or discontinued funding remain for customers.

2026-09-17

Financial Technology

Tabby Raises $233 Million at a $6.5 Billion Valuation to Expand Financial Services

Fintech company Tabby has closed a $233 million Series F round, raising its valuation to $6.5 billion, with the transaction still subject to regulatory approvals, including approval from the Saudi Central Bank. The company will use the funding to expand its credit and money management services in Saudi Arabia and the UAE after moving beyond its buy now, pay later model.

2026-09-16

Financial Technology

Tanami Raises Undisclosed Funding to Finance Expansion into Qatar

Bahrain-based private markets investment platform Tanami has closed a funding round with participation from tali ventures, Qatar Development Bank, and regional and international investors. The company will use the funding to expand into new markets, including Qatar, grow its investor base, and develop its digital platform.

2026-09-16

Financial Technology

Thatch Healthcare Platform Raises $108 Million at a $1 Billion Valuation

Thatch raised $108 million in new funding at a $1 billion valuation, benefiting from rising healthcare costs and growing interest in a model that allows employees to choose their own individual insurance plans.

2026-09-15

Financial Technology

India to Charge Fees on Some Large UPI Transactions Starting October 15

India’s Unified Payments Interface network will charge merchants a 0.4% fee for some payments exceeding 2,000 rupees, while consumers will continue using the service for free. The move represents a shift from the full-fee waiver model in place since 2020, aimed at funding the network’s operations and security and expanding its infrastructure.

2026-09-15

Financial Technology

Fintech in Egypt: Is Innovation Outpacing Legislation?

Ahmed Adly believes that Egypt no longer lacks legal frameworks for financial technology, but the challenge lies in updating this framework at the speed imposed by innovation. The article calls for flexible, risk-based regulation, with greater attention to data protection and artificial intelligence.

2026-09-15

Financial Technology

AMAN, Bokra, and Erada Finance Join Program to Pilot Venture Debt Financing in Egypt

AMAN Holding, Bokra, and Erada Finance have joined the Scale It Forward program developed by GIZ Egypt and enpact to introduce venture debt financing into Egypt’s growing companies ecosystem. The program will begin by piloting financing of at least the equivalent of €5,000 per company, alongside €5,000 in non-repayable support.

2026-09-15

Financial Technology

Egypt Requires Consumer Finance and Enterprise Finance Providers to Establish Real-Time Connectivity with I-Score

The Financial Regulatory Authority issued two decisions requiring consumer finance providers and providers financing small, medium-sized and micro enterprises to update financing data with I-Score in real time, giving them three months to complete the electronic connection after the decisions are published and enter into force.

2026-09-12

Financial Technology

Vodafone Cash Accounts for 53% of Mobile Wallets and 77% of Their Value in Egypt During the First Half of 2026

Data from the National Telecom Regulatory Authority showed Vodafone Cash leading Egypt’s electronic wallet market during the first half of 2026, with a 53% share of total wallets, 69% of the number of transactions, and 77% of their value. The market as a whole recorded annual growth in the number of wallets, transactions, and financial value.

2026-09-09

Financial Technology

Egypt’s Mobile Wallets Record EGP 2.96 Trillion in Transactions During the First Half of 2026

A report by the National Telecom Regulatory Authority showed that the number of mobile wallets in Egypt reached 57.01 million, with 2.22 billion transactions worth EGP 2.96 trillion carried out during the first half of 2026. Vodafone Cash led the market in the number of wallets and transactions and their value, alongside expanded use of wallets for transfers and government services.

2026-09-09

Financial Technology

Egyptian Financial Regulatory Authority’s Lab Receives 49 Projects During Its First Year

The first annual FRA-Sandbox Summit reviewed the results of a year of work by the regulatory laboratory for non-bank financial fintech, including receiving 49 projects, granting preliminary approval to 9 projects, and moving two projects to live testing. In the next phase, the authority is focusing on artificial intelligence and digital analytics solutions while tightening compliance and data protection requirements.

2026-09-08

Financial Technology

Launch of the Maldives’ First Commercial Digital Bank with Technology Support from Banknbox

Maldives Premier Bank has begun operating as the Maldives’ first digital commercial bank after Banknbox completed building its technology ecosystem within three months. From its first day, the bank has provided digital banking services for retail, premium and corporate customers, in addition to payments, lending and risk management.

2026-09-08

Financial Technology

Sav Raises $3.5 Million to Fund Its Expansion from the UAE to Saudi Arabia

UAE fintech company Sav has raised $3.5 million in a pre-Series A round led by Phoenix Venture Partners, bringing its total funding to approximately $6 million. The company will direct most of the investment toward entering the Saudi market and developing its AI-based products and infrastructure across the Gulf.

2026-09-07

Financial Technology

Egypt’s Financial Regulatory Authority Issues Unified Guide to Consumer Finance Rules

Egypt’s Financial Regulatory Authority has issued the first comprehensive guide bringing together the regulatory requirements for consumer finance activities in Egypt, including licensing, governance, financial solvency, customer protection, digital transformation, and cybersecurity.

2026-09-05