Topic: digital payments
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PhonePe IPO: Tiger Global, Microsoft to Exit Stake
Tiger Global and Microsoft are fully divesting their stakes in PhonePe's IPO, while majority owner Walmart will retain control and sell only a portion of its shares. The IPO targets a $15 billion valuation and could raise up to $1.5 billion, marking a significant step up from its last private val...
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PhonePe Shuts Down Pincode App in E-Commerce Retreat
PhonePe has discontinued its Pincode consumer e-commerce app to focus exclusively on developing B2B solutions for offline merchants, shifting away from the competitive quick-commerce market. The Pincode app, launched in 2023 on the ONDC network, was a hyperlocal marketplace that struggled to gain...
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Apple Slashes Fees for Mini App Developers
Apple has introduced a new program that reduces its commission on in-app purchases for mini app developers from 30% to 15%, specifically targeting creators of compact, self-contained software experiences. This initiative follows a deal with Tencent and occurs amid regulatory scrutiny, including a...
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du & talabat Launch UAE's First Digital Wallet for Delivery Riders
du Pay and talabat have launched the UAE's first licensed digital wallet specifically for delivery riders, marking a pioneering partnership between a digital wallet provider and a major delivery platform. The wallet enables instant salary access, bill payments, international remittances, and mobi...
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Flipkart Super.money & Kotak811 Launch Free UPI Payments
Super.money and Kotak Mahindra Bank have partnered to launch an integrated account combining UPI payments, savings, and secured credit cards, aiming to achieve profitability by 2026 through enhanced customer engagement. The collaboration targets distributing two million secured credit cards in th...
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Japan Launches First Yen-Backed Stablecoin From National Savings
Japan has launched its first yen-backed stablecoin by JPYC, fully convertible and supported by national savings and government bonds, integrating blockchain into mainstream finance. The stablecoin is designed for daily use, cross-border transfers, and trade, maintaining a 1:1 value with the yen a...
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Bosta & e& Partner to Transform Egypt's Fintech-Logistics
Bosta and e& have formed a strategic alliance to merge digital payments with logistics, aiming to create an integrated tech ecosystem that benefits merchants and improves customer experiences. The partnership focuses on accelerating cash flow for merchants, promoting financial inclusion, and prov...
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![Google Material 3's Expressive Redesign Is Here [Updated]](https://digitrendz.blog/wp-content/uploads/2025/10/Material-3-Expressive-Google-apps-390x220.jpg)
Google Material 3's Expressive Redesign Is Here [Updated]
Google's Material 3 Expressive design language has launched, introducing dynamic color theming, improved usability, and consistent visuals across its apps and devices. Key updates include redesigned interfaces in Google Wallet, Home, and Gmail, featuring new container systems, floating action but...
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Saudi E-Commerce Soars on AI and Digital Payments
Saudi Arabia's e-commerce market is projected to reach $708.7 billion by 2033, driven by a 15% compound annual growth rate and factors like AI integration and digital payment adoption. The country's young, tech-savvy population, with high internet and smartphone usage, is accelerating the shift t...
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Saudi Arabia's $708B E-Commerce Boom: AI, Youth & Digital Payments
Saudi Arabia's digital marketplace is projected to reach a $708.7 billion valuation by 2033, driven by high internet and smartphone penetration, AI adoption, and a shift to digital payments, supported by a young, tech-savvy population and Vision 2030 initiatives. Mobile commerce dominates online ...
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India Pioneers AI-Powered E-Commerce with ChatGPT, Gemini & Claude
India is launching a pilot program enabling shopping and payments directly through AI chatbots like ChatGPT, with plans to integrate Google’s Gemini and Anthropic’s Claude, leveraging its large digital user base and payment infrastructure. The initiative, developed with NPCI and Razorpay, uses UP...
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Morocco to Digitize 50,000 Retail Stores with Z.systems
The Moroccan government is partnering with Z.systems to digitally modernize 50,000 local shops, enhancing their competitiveness as part of the national strategy leading up to the 2030 World Cup. Shopkeepers will receive digital tools that streamline operations, connect them with major distributor...
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HyperPay, Mastercard, Mozn Team Up to Boost MENA Digital Payments
HyperPay has partnered with Mastercard and Mozn to enhance digital payment infrastructure and security in Middle Eastern markets like Saudi Arabia, the UAE, and Qatar. The Mastercard collaboration focuses on issuing secure business cards for SMEs, leveraging HyperPay's recent EMI license from SAM...
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Alipay+ Expands to Saudi Arabia, Enabling QR Payments for Merchants
The Saudi Central Bank and Ant International are partnering to introduce cross-border QR payments by 2026, enhancing financial inclusion and supporting Saudi Vision 2030. This integration will allow Saudi merchants to accept payments from over 1.7 billion users across 36 digital wallets, boosting...
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Google Pay Launches in Saudi Arabia via SAMA's Payment Network
Saudi Arabia has launched Google Pay via its national payment network mada, marking a major step in its digital transformation and payments infrastructure enhancement. This initiative aligns with Saudi Vision 2030's Financial Sector Development Program, aiming to reduce cash reliance and promote ...
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Paysky Unveils Revolutionary Fintech Solutions at MTN Summit 2025
The MTN Fintech Summit 2025 in Johannesburg highlighted Paysky's advanced digital payment solutions and its strategic partnership with MTN Group to expand financial services across Africa. Paysky and MTN are collaborating to scale the MoMo platform, aiming to connect merchants and consumers acros...
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UAE & Saudi Arabia: E-commerce Spending Soars to New Heights
E-commerce in the UAE and Saudi Arabia is rapidly growing, with online transactions making up half of Visa's purchase volume in the UAE and rising steadily in Saudi Arabia. Cross-border shopping is significant, accounting for about one in six transactions, with travel agencies and fashion being k...
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