FinTech News
-
Paymob Teams With IKEA Egypt to Offer More Ways to Pay
Consumers will get the convenience of paying for purchases over time and gain more control over their spending.
-
Exoskeleton Startup Cosmos Bionics Strikes a Deal on Shark Tank Egypt
In addition to successfully securing an offer, the Cosmos Bionics presentation introduced lower-body exoskeleton technology to North Africa.
-
Egypt launches Financial Technology Solutions Support Center "CORBEH"
The Stock Exchange decided to establish this center within its headquarters in the Smart Village and to provide all the necessary data and resources.
-
'Mngm' platform for precious metals cooperates with 'Fawry' to provide electronic payment services
Through mngm, clients can accumulate their gold holdings with minimum purchases of 0.1 grams.
-
Egypt seeks to enhance cooperation with India in financial inclusion, fintech
Indian companies are among the largest foreign investors in Egypt, relations between the 2 countries witnessed great development over the past years.
-
ValU and Azimut partner to launch AZ valU Fund
A money market fund allowing individuals to realize compound daily returns.
-
Mastercard extends partnership with Banque Misr to enhance digital payments portfolio in Egypt
The partnership will enable the integration of more Egyptians into the formal economy while driving the shift to a cashless ecosystem.
-
Paymob and Shahid expand VOD digital payments in Egypt
Egypt-based fintech Paymob has partnered with streaming platform Shahid to enable the latter’s customers to pay for subscriptions via e-wallet.
-
CBE raises maximum limit of transactions value through InstaPay mobile app
The CBE noted that more than 16 million instant money transfer transactions through more than 1.8 million customers.
-
Fawry cooperates with XPay to provide the 'FawryPay Reference code' service
Fawry provides 'FawryPay Reference code' to 'XPay' customers and merchants in the Egyptian market.
-
Fawry & BOTIM Enable Digital Bill Payments for Egyptian Expats in UAE
The first-of-its-kind agreement is set to make life in the UAE simpler for Egyptian expats.
-
Egypt’s Copal and Mastercard launch family payment app
The app is designed to give parents and custodians control over young family members’ funds, allowing them to easily track and manage finances.
-
AMAN Holding announces 2022 business milestones & future plans for 2023
AMAN Holding future plans aim to provide a more inclusive bundle of non-banking financial products to promote financial inclusion and cashless economy
-
Nice Deer collaborates with Misr Finance
Limitless, a subsidiary of Eva Pharma and Estsharion Medical Care signed to adopt the Nice Dear platform to manage their insurance systems.
-
Egypt’s Fintech Hollydesk Secures $1 Million in Venture Debt Financing
Egypt’s fintech Hollydesk has secured $1 million in venture debt financing from undisclosed investors.
-
UAE-based Tabby suspends operations in Egypt
The Mubadala-backed BNPL platform says it will prioritise core markets, citing ‘recent macroeconomic developments’.
-
Amazon Payment Services launches the re:Imagine payments forum
The forum’s first white paper shows that digital payments will double across Egypt, United Arab Emirates, and Saudi Arabia 2023.
-
E-finance logs $26.27mln consolidated profits in 2022; dividends unveiled
During the fourth quarter (Q4) of 2022, e-finance recorded a 12.80% year-on-year (YoY) drop in net profit after tax to EGP 121.50 million.
-
PaySky, Dahab Masr team up to offer gold investment through online app
Egypt-based digital payment provider PaySky announced on Sunday a partnership with Dahab Masr to offer an online gold investment app.
-
Egyptian FinTech investment set a new record in 2022 driven by large deals
Cairo was the most active city in Egypt with 30 deals, accounting for 81% of FinTech deals in the country during 2022.