SA
Payment trends and fintech news from SA
Spare Launches Cross-Border Open Finance Platform for Real-Time Payments
Saudi fintech Spare has launched a cross-border open finance payments platform to enable real-time global transactions for financial institutions. The move aligns with broader industry efforts to streamline and reduce the cost of international money transfers, particularly across Africa.
Flooss and Optty Partner to Integrate Financing into GCC Payment Flows
UAE-based Flooss has partnered with payment orchestration firm Optty to embed its digital financing products, including 'buy now, pay later,' directly into payment flows for merchants across the Gulf Cooperation Council. The deal, announced in March 2026, allows merchants using Optty's platform to offer Flooss credit options at checkout with minimal integration effort.
HyperPay Secures Saudi National Payment Gateway Certification
HyperPay has received certification as a National Payment Gateway in Saudi Arabia, enabling it to process domestic payment transactions in the Kingdom. The certification positions the company to expand its services in Saudi Arabia's growing digital payments market, which aims to increase digital payment adoption to 70% by 2030.