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Valu, Egypt's leading financial super-app, boasts over 700,000 active users and has launched co-branded credit and prepaid cards, achieving 1.2 million transactions in a year. The fintech ecosystem is expanding with new products like Ulter and Shift, alongside a growing merchant network of 7,000 retailers and 2,000 online stores. In the MENA region, fintech is evolving beyond payments and lending, with a focus on wealth management and AI-driven services, while companies like MyFatoorah and MNT-Halan are making significant strides in payment solutions and lending, respectively.
Binance has secured a historic $2 billion investment from UAE-based MGX, highlighting the fintech boom in the MENA region, where 119 startups raised $700 million in 2024. Key players like Tabby, Fawry, and Rasan are leading the charge, with significant growth in digital payments, BNPL services, and insurtech, setting new benchmarks in the global fintech landscape. The future looks promising, with expectations of more unicorns and international expansions on the horizon.
Binance has secured a historic $2 billion investment from UAE-based MGX, highlighting the fintech boom in the MENA region, where 119 startups raised $700 million in 2024. Key players like Tabby, Fawry, and Rasan are leading the charge, with significant growth in digital payments, BNPL services, and insurtech, setting new benchmarks in the financial technology landscape. The future looks promising, with expectations of more unicorns and cross-border expansions as MENA solidifies its status as a fintech hub.
Valu has emerged as Egypt's leading financial super-app, boasting over 700,000 active users and launching co-branded credit and prepaid cards that achieved 1.2 million transactions in a year. The fintech ecosystem is expanding with new products like Ulter and Shift, alongside a growing merchant network of 7,000 retailers and 2,000 online stores.In the MENA region, fintech is evolving beyond payments and lending, with a focus on wealth management and AI-driven services. Companies like MyFatoorah and MNT-Halan are making significant strides, while cross-border expansion is anticipated, positioning the region for a robust financial future.
Valu has emerged as Egypt's leading financial super-app, boasting over 700,000 active users and launching co-branded credit and prepaid cards that achieved 1.2 million transactions in a year. The fintech ecosystem is expanding with new products like Ulter and Shift, alongside a growing merchant network of 7,000 retailers and 2,000 online stores.In the MENA region, fintech is evolving beyond payments and lending, with a focus on wealth management and AI-driven services. Companies like MyFatoorah and MNT-Halan are making significant strides, while cross-border expansion is anticipated, positioning the region for a robust future in the global fintech landscape.
The recent cuts to US foreign aid, including the termination of a $20 million education project in Iraq by Sesame Workshop, highlight a significant retreat from America's soft power initiatives. Experts warn that this withdrawal could create a vacuum for China's influence in the region, despite its current aid being far less than the US's. The shift raises concerns about the future of US values in promoting human rights and development globally.
On the 14th anniversary of the Syrian civil war, significant cuts to US foreign aid, including the termination of a $20 million education project in Iraq by Sesame Workshop, highlight the erosion of American soft power. Experts warn that these reductions may create a vacuum that China could exploit, despite its current aid being far less than the US's. The shift in US policy raises concerns about the future of humanitarian support and the values the US represents in the region.
The recent cuts to US foreign aid, including the termination of a $20 million education project in Iraq linked to "Sesame Street," highlight a significant decline in America's soft power. Experts warn that this retreat may create a vacuum that China could exploit, although its influence is limited by its government control over civil society. The reduction in aid raises concerns about the US's commitment to values like human rights and development in the region.
The recent cuts to US foreign aid, including the termination of a $20 million education project in Iraq linked to "Sesame Street," highlight a significant decline in America's soft power. Experts warn that this retreat may create a vacuum that China could exploit, although its ability to match US influence is limited by its political structure. The reductions have raised concerns among NGOs and allies about the US's commitment to values like human rights and development in the region.
Visa has launched Google Wallet services in Jordan, enabling cardholders from Arab Bank, InvestBank, and Al Rajhi Bank to make secure, tokenized transactions starting March 12, 2025. This initiative aims to enhance contactless payment options and address security concerns, leveraging tokenization technology to protect user data.With mobile phone penetration in Jordan at 82.3% as of early 2025, the introduction of Google Wallet aligns with the growing demand for seamless digital payment solutions in the MENA region, where e-commerce and tourism-driven transactions are on the rise.
JOR
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The information provided herein is generated by experimental artificial intelligence and is for informational purposes only.
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