PayPal has confirmed plans to invest USD 100 million across the Middle East and Africa in a bid to improve its presence in regions with rapidly expanding digital economies.

Onafriq, an Africa-based digital payment network, has partnered with Visa to roll out Visa Pay, a cloud-native Payments-as-a-Service platform.

Digital payment provider Peach Payments has announced the launch of real-time clearance (RTC) payouts for merchants on its platform across South Africa.

South African digital retail bank Capitec has introduced a new cross-border remittance service through a partnership with fintech company Mama Money.

Global issuer-processor Paymentology has announced the launch of PayoCard, a new mobile-first card management platform, aimed at supporting digital banks and fintech companies across South Africa.

Arab Financial Services (AFS) has expanded its partnership with Oman Arab Bank (OAB) to reaffirm their shared commitment to development in the digital banking space in Oman.

Akurateco has entered into a strategic agreement with African payments company enza to support the delivery of digital payment services across the continent.

Mitsumi, an IT and infrastructure distributor in the MEA region, has announced its partnership with CLOWD9 to optimise banking in the MEA region.