FinTech News
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Mobile financial services poised for surge in users and revenue, says new report
The report surveyed 46 senior decision-makers from mobile network operators (MNOs) across 35 countries.
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Access by FABMISR, Drive Finance unite to redefine payment solutions in Egypt
The alliance is thoughtfully designed to accommodate the monthly instalments of Drive Finance customers.
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Egypt’s MoneyHash secures $4.5m investment to boost payment plan for MENA merchants
Nader Abdelrazik, MoneyHash’s CEO, emphasizes the uniqueness of their position, with 10% of all MEA payments being digital.
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Fawry cooperates with LA Market to empower local brands in Egypt
As the first choice in the electronic payments market, "Fawry" seeks to support women empowerment initiatives within the region.
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Egypt’s Instapay Breaks New Ground with Interactive 3D Advertising
Instapay, Egypt’s leading digital payments innovator, is poised to change the face of advertising with the country’s first-ever 3D ‘out-of-home.
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CBE approves raising Vodafone’s share in Basata to 20%
The Central Bank of Egypt has approved raising the share of Vodafone Egypt at the e-payment services provider Basata Holding for Financial Payments.
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End-to-end payment provider Tafweela launches in Egypt
Tafweela, an end-to-end payment ecosystem targeted at corporate fleets, announced on Tuesday its launch in the Egyptian market.
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Egypt Poised to Become the Next Digital Payments Leader in the Middle East after UAE
Mastercard aims to revolutionize Egypt's digital payments, targeting the $20.6 billion market.
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Mastercard & Emirates NBD to boost digital banking in Egypt
Mastercard has announced a strategic partnership with Emirates NBD-Egypt to elevate the digital banking experience for customers.
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Visa launches second phase of Africa Fintech Accelerator programme
The first round, launched in June 2023, featured startups from over 18 African countries, including 3 from Morocco, 1 from Egypt, and 1 from Tunisia.
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Egypt’s Paymob, Mastercard partner to boost e-payments in MENA
Egypt-based financial services company Paymob has partnered with global e-payment giant Mastercard to expedite the acceptance of digital payment.
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Egypt’s CBE secures membership in OIC’s computer emergency team
The Central Bank of Egypt (CBE) has secured membership in the Organization of Islamic Cooperation's Computer Emergency Response Teams.
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Egyptian e-payment Octane facilitates EGP 1 bln fuel sales in one year
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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TPAY to enable Mobile Payments for PUBG MOBILE in Egypt!
This launch provides gamers in Egypt to easily purchase PUBG MOBILE UC (unknown cash) through the official PUBG shop ‘Midasbuy’.
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Egyptian fintech startup, Zeal, raises $4 million
Zeal, an Egyptian fintech startup, has raised $4 million in funding to expand its technology throughout Europe, the Middle East, and Africa
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Egypt aims to launch digital currency by 2030
Egypt aims to launch a digital currency issued by the Central Bank of Egypt, represented by the digital pound (E-Pound) by 2030.
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Egypt sets EGP 15 mln as minimum capital for fintech startups
The approval is part of a broader initiative to bolster support for fintech startups and promote a business-favorable climate, as per the statement.
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MID Takseet expands its instalment services with EGP 500m
The company achieved an impressive 338% growth in its business volume in 2023, within just one year of its launch.
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Government's electronic payment yields Reach LE8.1T in 53 months
The Finance Ministry's statement clarified that the growth rate of electronic payment services for state employees reached 12 percent.
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Central Bank of Egypt to soon allow ATM withdrawls for InstaPay users
The decisions also included exemption from all expenses and commissions related to transfer services for customers of InstaPay.