Canada-Africa Fintech Summit – Canada-Africa Fintech Convergence – Nurturing Talents, Fueling Growth, Forging Cross-Border Prosperity for Sustainability
For more info., check here: www.cafsummit.com
New Fintech App “Trevi” enters Egyptian Market with vision to transform digital financial landscape
Cairo – Trevi, a newly launched e-payment and loyalty app, is set to transform Egypt’s digital financial landscape with seamless, secure, and rewarding transactions. As the demand for digital financial services grows, Trevi reinforces the government’s drive toward financial inclusion, providing cutting-edge solutions tailored to the needs of today’s digital consumers.
Ensuring secure transactions, Trevi partners with Paymob to support payments via debit cards, credit cards, ValU, and QR codes, with NFC integration coming soon. Through this, Trevi delivers a seamless digital payment experience, offering instant cashback & rewards with no cap, exclusive lifestyle perks, and personalized financial insights. Users can also manage household spending through the Family Wallet feature.
Read more: https://shorturl.at/gNdOa
Mastercard Launches Digitally Connected Credential Offering Multiple Payment Options
Mastercard has begun rolling out a digitally connected credential that will allow consumers to pay with their choice of multiple payment options.
The new Mastercard One Credential can let consumers choose debit, installments, prepaid or credit, the company said in a Wednesday (Feb. 18) press release emailed to PYMNTS.
Users can set their payment preferences online or in an app, according to the release.
They can set preferences based on transaction type and time, per the release. For example, users can specify their checking account for expenses under $100, their credit card for expenses over $100, and installments for occasional larger purchases.
Half of planned CBDCs designed to be programmable
Half of respondents to the Fintech Benchmarks 2025 are developing their central bank digital currencies with programmable features.
Seven of 14 institutions say their CBDCs are structured with programmable capabilities. Programmable CBDCs allow automation with set rules and conditions.
Lately, some organisations have highlighted a divide between the two forms of programmable CBDCs – programmable payments and programmable money. While the former actualises fund transfers based on pre-set
Read more: https://shorturl.at/ukk1e
Apple and Google to face UK digital wallet competition scrutiny
Last month, the CMA announced investigations into whether Apple and Google have strategic market status in their mobile ecosystems, including operating systems, app stores and mobile browsers. As part of this, the watchdog will look into how the two tech giants operate their respective mobile wallets.
Meanwhile, the Financial Conduct Authority and Payment Systems Regulator have been carrying out their own work looking into the rise of Big Tech in digital wallets.
The proportion of card transactions using a digital wallet increased from eight per cent in 2019 to 29% in 2023, with a higher proportion at instore terminals. In 2023, approximately 20% of card users used a digital wallet for over 50% of their card transactions, while around 10% used one for over 75% of their transactions.
Careem Pay expands remittance service with 18 new European corridors
Dubai, UAE: Careem Pay, the fintech arm of the Careem Everything App, expands its international remittance service with the launch of 18 new European corridors.
UAE citizens and residents can now send money instantly to bank accounts in Austria, Belgium, Croatia, Cyprus, Estonia, Finland, Greece, Latvia, Liechtenstein, Lithuania, Luxembourg, Malta, Monaco, Netherlands, Portugal, San Marino, Slovakia, and Slovenia, on top of Germany, France, Ireland, Spain and Italy.
Careem Pay already introduced money transfers to some of the largest remittance corridors including India, Pakistan, the UK, the Philippines and more, and has now expanded the service even more to include EU countries as well.
Momnt and ChargeAfter Team on Home Improvement Financing
Real-time lending FinTech Momnt has launched a partnership with point-of-sale financing platform ChargeAfter.
With this collaboration, home improvement contractors using the ChargeAfter platform can offer Momnt’s loan products to their customers, the companies announced Wednesday (Feb. 19).
“This partnership with ChargeAfter is a significant step in enhancing the financing options available to home improvement contractors,” Momnt CEO Chris Bracken said in a news release. “By integrating with ChargeAfter’s platform, we can provide contractors access to a wider range of competitive financing options, ultimately driving higher conversion rates and increased sales.”
Read more: https://www.pymnts.com/partnerships/2025/momnt-and-chargeafter-team-on-home-improvement-financing/
