Business
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Economy
2/15/2024 1:47:41 PM
The Central Bank of Egypt has approved raising the share of Vodafone Egypt at the e-payment services provider Basata Holding for Financial Payments to 20 percent, according to a joint statement by the two sides.
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Business
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Markets & Companies
2/13/2024 5:04:49 PM
Tafweela, an end-to-end payment ecosystem targeted at corporate fleets, announced on Tuesday its launch in the Egyptian market.
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Business
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Markets & Companies
1/24/2024 5:03:23 PM
Egypt-based financial services company Paymob has partnered with global e-payment giant Mastercard to expedite the acceptance of digital payment methods across the MENA region, according to a statement by Paymob on Wednesday.
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Business
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Markets & Companies
1/21/2024 6:18:49 PM
Octane, the leading fleet management and digital fuel payments startup, facilitated EGP 1 billion in fuel sales in the first year of operations.
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Business
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Markets & Companies
1/17/2024 2:07:36 PM
Egyptian fintech company AMAN Holding signed a partnership agreement with Dahab Masr, a digital precious metals investment firm, to enable customers to purchase gold in installments through the AMAN app, read a statement on Wednesday.
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Business
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Tech
12/20/2023 6:09:46 PM
Basata Holding, a leading Egyptian e-payment services company, announced plans to introduce new services in 2024 to promote financial inclusion and support Egypt's vision of accelerating digital transformation, according to a statement by the company on Wednesday.
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Business
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Markets & Companies
12/19/2023 5:06:49 PM
Global e-payment giant Mastercard has partnered with Egyptian Masria Digital Payments company (MDP) to launch a carbon calculator in Egypt, enabling customers to understand the environmental impact of their purchases, according to a statement on Tuesday.
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Business
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Economy
12/4/2023 5:57:05 PM
Global payment technology company MasterCard has entered into a strategic alliance agreement with the Egyptian digital payment company MDP to enhance the payments ecosystem for banks and non-financial institutions in the Middle East and Africa, according to a statement on Monday.
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Business
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Economy
12/3/2023 12:55:56 PM
The Egyptian platform Belbaqy (“spare change”) will launch in early 2024, allowing users to invest the leftover amounts from electronic transactions, according to a statement from the company on Saturday.
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Business
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Markets & Companies
11/29/2023 4:39:19 PM
Global payment technology company MasterCard signed a memorandum of understanding (MoU) with Egyptian e-commerce platform MaxAB to offer digital services to small and medium enterprises (SMEs), according to a statement on Wednesday.
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Business
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Markets & Companies
11/26/2023 4:28:43 PM
Master Gold Egypt launched the first ATM in Egypt selling gold bars in partnership with local e-payment technology company Finway, according to a statement on Sunday.
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Business
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Economy
11/26/2023 3:54:29 PM
Fawry, Egypt's leading e-payment company, announced the completion of a thorough cybersecurity verification process and infrastructure examination in response to reports of a hack, according to a statement by the company on Sunday.
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Business
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Economy
11/20/2023 5:06:11 PM
The value of services provided through the electronic payment and collection system has reached EGP 7.8 trillion since its launch in 2019, Egypt’s Minister of Finance Mohamed Maait said in a statement on Monday.
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Business
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Economy
11/19/2023 1:22:46 PM
The financial inclusion rate in Egypt increased by 5.4 percent to 67.3 percent during the first six months of 2023, according to a report by the Central Bank of Egypt (CBE).
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Business
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Economy
11/15/2023 6:03:09 PM
The Central Bank of Egypt (CBE) has increased daily and monthly limits of transactions on financial inclusion accounts, prepaid cards, and mobile banking by 100 percent, a circular said on Wednesday.
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Business
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Economy
11/14/2023 3:22:40 PM
Around 94 percent of Egyptian commuters expect contactless payment options to be available on public transport, according to a survey by payments giant Visa.
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Business
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Markets & Companies
11/9/2023 4:04:59 PM
Egypt's major e-payment company, Fawry, denied that any of its platforms or online services had been subjected to cyber attacks, according to a bourse filing on Thursday.
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Business
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Markets & Companies
10/18/2023 1:23:05 PM
The Egyptian Exchange (EGX) on Wednesday announced the acquisition of 161.4 million shares in leading Egyptian e-payment company Fawry for EGP903.88 million ($29.25 million).
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Business
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Markets & Companies
9/26/2023 4:47:43 PM
Global e-payment giant Visa opened a new office in Egypt to support the country’s digital transformation towards a cashless economy.
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Business
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Tech
9/19/2023 1:10:00 PM
The Egyptian company eCards signed an agreement with Emirati e-payment company Network International to support expansion in the production, customization, and processing of smart financial cards in various regional markets.
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