NEWS
Matific ’ s edtech platform adopted by UAE schools for mathematic resources
Matfic , a leading provider of interactive mathematics resources for students and a multiple award-winning global maths platform , has observed a significant expansion and increasing impact with more than 750 schools across the UAE now integrating the platform into their educational programmes . This development aligns seamlessly with the UAE government ’ s digital education initiatives under the ‘ We the UAE 2031 ’ vision , which outlines a 10-year development plan , including the establishment of an agile school system equipped with advanced educational technologies .
The MENA region ’ s edtech industry has witnessed significant growth and innovation in recent years , with government initiatives focusing on enhancing education by leveraging technology – the industry is projected to be worth $ 7 billion by 2027 . At the onset of the pandemic , the UAE government launched specialised edtech portals to support remote learning , successfully moving 1.2 million students online . Among MENAP countries , the UAE is the only country that has achieved a primary education level of over 60 % for children , setting the perfect stage for edtech platforms like Matific .
Craig Shotland , CEO , Matific , said : “ The UAE ’ s swift adaptation to technological advancements in education , especially in mathematics , is commendable . Matific ’ s growth in the country , both in terms of adoption and the tangible improvement seen in student outcomes , highlights the potential of integrating innovative tools into the learning process . Harnessing gamified edtech platforms provides an engaging and effective pathway to enhance mathematics instruction , building a strong STEM foundation , which is estimated to cover 75 % of jobs by 2050 . Our primary aim remains to empower both educators and learners , and the positive feedback from the UAE is a significant milestone in that journey .”
Study shows three in five Americans expect all payments to become digital
Three in five Americans ( 58 %) expect all payments to be digital in the near future , rising to two-thirds among millennials ( 67 %), according to a new survey ‘ Cashing in on the rise of digital – key trends in US payments ’ for banking platform provider , Temenos . This comes as US adoption of instant payments is set to soar following the launch of FedNow and growing competition and collaboration between banks and FinTechs to offer a range of innovative payment solutions .
Almost a quarter ( 24 %) never or rarely use cash ( less than monthly ), preferring to use cashless methods such as mobile banking and payment apps . Of those surveyed , almost three-quarters ( 71 %) use mobile or online banking for payments with over one third ( 36 %) sending account-to-account transfers via wire or ACH at least monthly . Over half , 53 % use a payment app like PayPal or Venmo at least monthly while 41 % use a mobile wallet such as Google Pay or Apple Pay . Just over a quarter ( 26 %) use QR codes for payments , while 16 % do so using some form of cryptocurrency .
More than a third of Americans surveyed say bank transfers today are too slow and expensive , yet half ( 51 %) would only trust their bank or credit union when sending payments . In fact , when thinking about digital payments , security and protection from fraud ( 50 %), privacy ( 40 %) and a trusted brand ( 39 %) are the most important factors for consumers .
Patrick Gauthier , Chief Executive Officer , Convera , a global payments leader , said : “ The move to a cashless society is gaining momentum in America as this Temenos survey shows . It ’ s a global phenomenon reshaping the payments landscape , driven by consumer adoption and the digital transformation of all businesses , creating opportunities for innovative payment providers like Convera .” www . intelligentfin . tech
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