Hi, welcome to Tech This Evening, an After-Work Tech Newsletter from Techparley Africa. Sure, there is a lot to unpack right now. Sit back, while I walk you through.
Top Story: ruya Launches Digital-First Cashback Credit Card, Offering 2% Rewards on Daily Purchases
In a move that underscores the growing convergence of digital banking and ethical finance in the Gulf, ruya, a UAE-based digital-first Islamic bank, has launched a new cashback credit card designed to offer straightforward, Shari’ah-compliant rewards on everyday spending.
The ruya Mastercard Cashback Credit Card aims to convert routine purchases, ranging from groceries and fuel to dining and online shopping into tangible financial returns.
The bank seeks to position itself at the intersection of convenience, transparency and faith-based banking principles.
“At ruya, our mission is to empower individuals and families by providing financial solutions that are not only ethical but also highly practical for everyday life. The launch of the ruya Mastercard Cashback Credit Card is a testament to this commitment,” said Christoph Koster, CEO, ruya Bank.
Other Tech News Stories You Should Read:
Business Corner: Why You Should Start a Fintech Startup in Africa and How to Launch It. Read now.
Inside Cents $140m Plan to Power the Future of Laundry with AI, Software, Data and Digital Payments. Read now.
Kenya’s Innovate Now Expands Assistive Technology Accelerator, Placing Persons with Disabilities at Centre of Innovation. Read now.
On Startup Spotlight:
MoneyHash and Visa Expand Cybersource to Simplify Cross-Border Payment Infrastructure
MoneyHash, a payment infrastructure platform focused on emerging markets, has entered into a multi-year partnership with Visa to enable Cybersource across its platform, in a move aimed at strengthening digital payment capabilities across the Middle East and North Africa (MENA).
The agreement marks a significant expansion of the relationship between the two firms, building on an initial partnership announced in 2024.
It reflects a shared push to deliver more secure, scalable and high-performance payment infrastructure in regions where fragmented systems and complex integrations continue to challenge businesses.
“This partnership reflects the natural evolution of our relationship with Visa. By enabling Cybersource within MoneyHash’s platform, we’re giving merchants in MENA and beyond the ability to access Visa’s global capabilities while maintaining full control, flexibility, and performance optimization through orchestration,” said Nader Abdelrazik, CEO, MoneyHash.
Quadri Adejumo brings you all the details. Read here.
Also Read:
Egypt’s Qualiphi Acquires Career Club to Scale AI-Powered Career Services Across Middle East and North Africa. Yakub Abdulrasheed brings us the details, here.
Quote of the Day:
“Any sufficiently advanced technology is equivalent to magic.” – Arthur C. Clarke.
Thank you for joining me yet again this evening. Stay safe, and see you tomorrow for the next tech newsletter.
Best, Quadri
