FinTech News
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Digital payments in Egypt expand at record pace
With financial inclusion rising to 76.3% as of mid-2025, mobile wallets are emerging as a cornerstone of the government’s cashless agenda.
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Egypt’s mobile wallet transactions surge 80% as cashless drive accelerates
Egypt’s mobile wallet sector posted rapid growth in the second quarter of 2025, with financial transactions jumping 80 percent year-on-year to 718 m.
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Egyptian fintech startup Munify raises $3m seed round to expedite market expansion
Egyptian fintech startup Munify has raised a US$3 million seed round led by Y Combinator to expedite engineering, compliance, and market expansion.
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Visa Report Highlights Surge in Digital Payment Adoption Among Egypt’s SMEs
Egypt’s SMEs represent a positive future for digital payments as more businesses recognize their contribution to customer convenience, retention.
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FAB’s Lime app enters Egypt’s fintech scene
Licensed by Egypt’s Financial Regulatory Authority (FRA), Lime offers structured, transparent, and accessible solutions for families in Egypt.
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MNT-Halan’s Tasaheel closes Egypt’s first SME-focused issuance worth EGP4.7bln
This transaction aligns with Tasaheel’s strategy to provide financial solutions that promote financial inclusion and drive economic growth.
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Egypt is tightening control over fintech before it explodes
This isn’t just bureaucracy—it’s a clear message: the era of informal or loosely governed digital payment activity in Egypt is closing.
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Egypt’s Octane raises $5.2 million to digitize fleet payments across MENA
The new funding will be used to expand Octane’s regional footprint, acceptance network, and AI capabilities, including fraud detection and route opt.
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EGBANK and Mastercard Partner to Expand Digital Payment Solutions in Egypt
The collaboration aims to strengthen EGBANK’s strategy and reinforces its commitment to delivering convenient, seamless and secured payment experience
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Huawei hosts Cloud Fintech Summit Egypt 2025
Flexus offers affordable deployment, scalable computing, and lightweight databases for SMEs.
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I-Score, Modefinance Int’l to develop smart MSME grading system for Egypt market
I-Score is Egypt’s only licensed private credit bureau and a key player in its financial ecosystem.
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MaxAB-Wasoko deepens Egypt footprint with Fatura acquisition
Fatura’s marketplace is expected to contribute 25% of MaxAB’s Egypt revenue by year end.
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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.