FinTech News
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Saudi’s Public Investment Fund raises its stake in Egypt’s e-Finance Company
Sarhan said that PIF submitted a request to increase its stake in the company to the Financial Regulatory Authority (FRA) almost a month ago.
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Payments Fintech Foodics in Egypt and Suplyd to Automate Procurement, Supply Chain for Restaurants
Foodics, the restaurant management and payment solutions in MENA, announced its collaboration with Suplyd in Egypt.
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Cellulant obtains a business licence in Egypt
Egypt’s payments sector has been notable lately, following new regulations supporting instant payments and the rise of fintech companies.
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94% of Egyptian commuters expect contactless fare payments on public transport
Around 94 percent of Egyptian commuters expect contactless payment options to be available on public transport, according to a survey.
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InstaPay to potentially launch remittance services in Jordan, UAE and Saudi
The CBE is still studying whether remittances transferred via InstaPay will be credited to Egyptian accounts in local or foreign currency.
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Taly to launch corporate payment platform next month: CEO
Taly, a company that specializes in digital payment solutions backed by Banque du Caire, is planning to launch a new platform for corporate payments.
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Egyptian e-payment giant Fawry denies reports of cyberattack
Egypt's major e-payment company, Fawry, denied that any of its platforms or online services had been subjected to cyber attacks.
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Foodics in Egypt partners with Suplyd to automate procurement & supply chain for restaurants
The partnership will integrate Suplyd's procurement platform with Foodics' restaurant management system, creating a first-of-its-kind experience.
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Egypt's fintech firm MNT-Halan raises $130 mln in securitisation
The $130 million securitisation was done through local investment bank CI Capital.
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Egypt wins first place in Arab FinTech Challenge in Dubai
The Egyptian American University team won first place in the Arab FinTech Challenge for universities at GITEX Dubai 2023.
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Egypt’s bourse announces sale of EGP904 mln stake in Fawry
The Egyptian Exchange (EGX) on Wednesday announced the acquisition of 161.4 million shares in leading Egyptian e-payment company Fawry for EGP903.88 m
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Cashless Transactions in Egypt Will Reach USD 27.63 Billion by 2027
In 2023, Egypt witnessed a 46% increase in non-cash transactions, totalling EGP 10 trillion.
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ValU set to expand fintech services to Jordan in early 2024
Fintech services provider valU announced it is planning to expand into Jordan in early 2024, the company said in a statement on Sunday.
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Global e-payment giant Visa opens new office in Egypt
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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Top 10 fintechs from Egypt
Egypt has a growing fintech industry that is focused on promoting financial inclusion and making banking services available for all Egyptians.
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Egyptian fintech startup Yalla to expand into Saudi Arabia
Yalla aims to introduce its Super App, along with its "Yalla Card" solution providing daily financial and non-financial needs to users in Saudi Arabia
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Egypt’s Glamera obtains fintech license to expand in Saudi Arabia
The startup has tens of thousands of users and hundreds of providers in Egypt, and is also active in Riyadh, Saudi Arabia.
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Mastercard and Ingiz team to launch digital payments app in Egypt
The company encourages young users to earn, save and spend money with gamified in-app features.
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Saudi Arabia partners with Egypt and Turkiye on digital economy
These discussions reflected the Kingdom’s commitment to fostering international partnerships in the realm of digital transformation.
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Egypt's e-finance eyes launching a digital bank
The Egyptian state-owned company E-Finance For Digital and Financial Investments is studying launching a digital bank.