All News and Announcements
How Middle Eastern Merchants Can Keep Up With Pandemic-Driven Privacy, Payment Shifts
The region’s financial institutions and merchants have needed to work swiftly to support unprecedented levels of digital payments.
Knowledge Officer Partners With GIZ to Launch Fintech Academy in Egypt
The initiative aligns with the Knowledge Officer’s mission to empower the fintech ecosystem with education.
In-App Transactions Increase Three-Fold as Qi Card Keeps Economy Moving During Pandemic
Qi Card mobile money offering provides Iraqis with digital means for safe and secure financial transactions.
Saudi Arabian Savings App Hakbah Forms Partnership With Visa
The solution offers customers a convenient and simple method for Savings Groups’ habit.
SANAD and Vitas Eexpand Access to Finance for MSEs and Low-Income Households in the West Bank and Gaza
This was a top-up loan of $4 million to support microfinance sector during challenging environment brought about by COVID-19 crisis.
SANAD and Banque du Caire Strengthen Partnership to Support MSMEs, Agribusinesses, Microfinance Institutions in Egypt in Light of COVID-19 Crisis
Investment of $15 million bolsters funding base for important economic pillars.
Mastercard Enables Faster Remittances During Pandemic
With Mastercard Cross-Border Services, financial service providers can seamlessly process digital payments leveraging its global network through a single connection, the company said.
Remittances Dropped by 80 Percent in Yemen
Cash transfers from Yemenis abroad to their country have declined by 80 percent in the first four months of 2020, Oxfam announced on Thursday.
SANAD and Export Development Bank of Egypt Strengthen Partnership to Support SMEs, Agricultural Exporters, and Microfinance Institutions in Egypt
The aim of this partnership is to channel much-needed financing to agricultural and small and medium-sized exporters as well as microfinance institutions in Egypt in response to the economic difficulties brought about by COVID-19.
Remittances to Yemen Plummet as Needs Surge Amid War and Coronavirus
The World Bank estimates that one in ten people in Yemen wholly rely on money transfers to meet their basic needs. Remittances to Yemen in 2019 totaled $3.8 billion - 13% of GDP.