FinTech News
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Egypt's MNT-Halan sells $50mln in local corporate bonds
The company says it has disbursed more than $11 billion in loans both inside and outside of Egypt.
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MoneyFellows raises $13M to take its group savings model outside Egypt
The Cairo-based fintech says it’s ready to shift from steady growth to regional expansion.
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Fees for money transfers through Applications of 3 Banks
This step comes after InstaPay imposed a transfer fee of 0.1 percent of the transaction amount, with a minimum of 50 piasters and a maximum of LE20.
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e& Egypt Launched Instant International Money Transfer Service
The cash wallet works with just one click. This process will not need to visit branches or intermediary companies.
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Mastercard, PayTabs partner to enhance digital payment solutions for Egypt SMEs
According to the statement, it will also allow merchants to generate payment links quickly, reducing the time and effort required.
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Transfer and inquiry fees implemented on InstaPay starting Tuesday
New fees for transfer and inquiry services on the “InstaPay” application have come into effect on Tuesday, April 1, 2025.
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InstaPay to apply charges starting 1 April
IPN offers a convenient and efficient alternative to cash payments, providing 24/7 instant transfer services to all bank customers.
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FRA Approves Fintech Integration for Three Brokerage Firms
This decision marks a significant milestone in modernizing Egypt’s capital market by enabling these companies to leverage fintech solutions.
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Illusion of easy money: Unmasking digital scams in Egypt
With the expansion of digital financial services and electronic wallets, digital fraud has become a concerning phenomenon in Egypt.
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Careem Pay Expands to Egypt
Careem Pay launches UAE-to-Egypt remittances, offering instant, low-cost transfers—50% cheaper than banks.
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Why is Egypt's fintech sector growing so fast?
Egypt’s fintech sector has come a long way in just five years, evolving into a fast-growing, investor-friendly, and youth-driven industry.
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Egypt fintech sector expands fivefold in 5 years
Egypt’s fintech sector has skyrocketed by a staggering 5.5-fold increase over the past five years, now boasting an impressive 177 startups.
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Fawry, Banque Misr, EBC launch new interoperable cash service for e-wallets
This collaboration aims to enhance financial inclusion and improve access to financial services for a broader segment of society.
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Fawry launches ‘Fawry Business’
"Fawry Business," is a platform designed to support the digital transformation of businesses across Egypt.
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Google Wallet Arrives in Egypt January 2025
The platform’s integration within the Google Pay ecosystem allows it to function as a secondary digital payment tool in Egypt.
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Egypt’s Fincart secures pres-Seed round led by Plus VC
Founded in 2023 by Mostafa Elmasry and Nihal Ali, Fincart provides online retailers with access to a marketplace of delivery providers.
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Visa Brings Apple Pay to its Customers in Egypt
To pay in-store, customers simply double-click the side button and hold their iPhone or Apple Watch near a payment terminal to pay contactlessly.
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Egyptian fintech PayMint launches Meeza prepaid card
Founded in 2019, PayMint provides a wide range of financial services for both individuals and micro, small, and medium-sized enterprises.
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CBE extends exemption from transfer fees on InstaPay for 3 months
These services provide numerous benefits, including convenient and timely access to banking services anywhere.
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Valu issues LE 10 billion securitization bonds
Since launching the first securitization bond issuance in 2021, the company has continued to expand its financial services package.