Digital Payment Deal Boosts Malaysia-Algeria Fintech Cooperation
NEW DELHI, May 29 (Bernama) -- A Malaysian fintech firm has partnered with an Algerian conglomerate to launch a digital payment platform in Algeria, marking a major stride in advancing Malaysia-Algeria fintech collaboration.
Malaysia's BerryPay and Algeria's DIGITEC, a subsidiary of ABD Invest Group, recently signed a memorandum of understanding (MoU) to create a payment solutions platform tailored to Algerian needs.
bootstrap slideshow
The agreement was inked by BerryPay founder and Group CEO Azrin Hadi Abdullah and DIGITEC's ICT and strategy leader Bousbiaa Abdelhak in Algiers, Algeria and was witnessed by Malaysian Ambassador to Algeria Rizany Irwan Muhamad Mazlan
"This MoU marks a significant milestone in Malaysia-Algeria fintech cooperation," Rizany told Bernama.
The venture, launched with BerryPay's participation, will offer services through a user-friendly mobile application.
It is expected to enhance financial inclusion, improve cross-border remittance flows and support the growth of domestic payment systems and e-commerce.
Rizany said that although Algeria is still in the early stages of digital financial development, it is making notable strides in expanding e-payment methods and digital banking services.
He said Algeria's ongoing efforts to strengthen its digital banking infrastructure, including the Bank of Algeria's introduction of a regulatory framework for digital banks and payment service providers, were aimed at ensuring a secure and structured financial ecosystem.
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Barnama
24 minutes ago
- Barnama
From Traditional Ecological Sightseeing to Modern Diversified Experiences: Guigang Advances High-Quality Development of Culture-Tourism Integration
GUIGANG, China, Aug 18 (Bernama) -- Recently, the 15th Lotus Culture Series of Guigang kicked off in Guigang, Guangxi. From July to October, the city will roll out a host of activities, including theatrical performances, poetry contests, and the selection of "Top Lotus-Viewing Spots," to keep fueling its tourism growth. The Publicity Department of Guigang City noted that endowed with exceptional ecological strengths, Guigang -- a national forest tourism demonstration city and a national pilot for cultural and tourism consumption -- is building an eco-tourism destination serving the Guangdong-Hong Kong-Macau Greater Bay Area and ASEAN, with its "Three Mountains, One Gorge, One Culture" as the core. It now boasts 52 national A-level tourist attractions, 37 rural tourist areas rated four-star or above, and 17 themed tourism camps, while its brand "Camping Paradise, Carefree Guigang" is gaining increasing acclaim. In the first half of this year, Guigang received 32.0634 million visitor arrivals, generating 30.121 billion yuan in tourism revenue, up 12.88% and 13.87% year on year respectively.
Barnama
43 minutes ago
- Barnama
Xsolla Expands Payments in Asia to Support FPX, K PLUS, AIS, Indosat, and MerPay
LOS ANGELES, Aug 18 (Bernama) -- Xsolla, a global commerce company helping developers launch, grow and monetize their games, announces today a significant expansion of its payments solution across Southeast Asia, reinforcing its commitment to delivering localized, mobile-first checkout experiences in the world's fastest-growing gaming markets. With the launch of ShopeePay in Malaysia, Singapore, and Thailand, FPX in Malaysia, K PLUS and AIS in Thailand, Indosat in Indonesia, and MerPay in Japan through Xsolla Pay Station, developers and publishers can now offer more trusted regional payment methods to players across Asia, boosting conversions and driving long-term engagement. The gaming market in Asia continues to grow at an extraordinary pace. The mobile gaming content market in the Asia-Pacific region is projected to surpass $70 billion by 2025, with mobile gaming expected to account more than 60% of all gaming revenue in the region - underscoring the explosive growth and dominant role of mobile in Asia's gaming landscape. Success in this mobile-first, highly localized market requires deep cultural alignment, especially at checkout. Players expect frictionless access to games and prefer to pay using popular digital wallets, bank transfers, or carrier billing rather than global credit cards.
Sinar Daily
an hour ago
- Sinar Daily
Proton EV plant set to start production in September
Located in the high-tech Tanjung Malim compound in Perak, the plant is now 90.4 per cent complete and equipment installation is at 83.5 per cent, with overall progress at 86.9 per cent. 18 Aug 2025 12:18pm The plant would eventually lead to the creation of over 200 new jobs, specialising in EV industrialisation and technical services. - Photo source: Proton Cars KUALA LUMPUR - Proton Holdings Bhd's (Proton) state-of-the-art electric vehicle (EV) production plant is set to start production in September. Located in the high-tech Tanjung Malim compound in Perak, the plant is now 90.4 per cent complete and equipment installation is at 83.5 per cent, with overall progress at 86.9 per cent. Once completed, the new plant would produce multiple models from the Global Modular Architecture (GMA) platform, Proton said in a statement today. Production will kick off with the Proton 7, the first-ever EV from a Malaysian automotive brand, followed by the Proton 5, Malaysia's most anticipated entry-level EV, which is currently being showcased to the public on a nationwide tour. From an initial planned capacity of 20,000 units, the plant could ramp up production to 45,000 units per annum, based on sales demand in Malaysia and overseas markets. To support the ramp-up before launch, the plant's immediate hiring focus is on critical operational and technical roles. To-date, it has hired 30 non-executives, aiming to fully train these key personnel before the full-scale production begins mid-September. The plant would eventually lead to the creation of over 200 new jobs, specialising in EV industrialisation and technical services. Meanwhile, as part of its partnership with Proton, the Zhejiang Geely Holding Group (Geely) has provided technical guidance on production systems, helped with equipment selection, and deployed experts to assist with installation and trial runs. Geely has also facilitated overseas training for Proton staff and ensured that the plant aligns with global EV manufacturing standards. Proton's head of Manufacturing Engineering, Wan Yousry Mohamed said the plant is a symbol of Proton's transformation and the group's unwavering commitment to a sustainable, high-tech future. "We are also laying the foundation for Malaysia's leadership in the regional EV landscape by strategically expanding our EV offerings into new overseas markets. "This is a monumental step for the company and for the nation, and we are excited to see our first Malaysian-made EVs to roll off the line and onto our roads," he said. - BERNAMA
