FinTech News
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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.
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Exploring e-wallets in Egypt
Egypt recently launched Apple Pay services in the local market and announced that Google Wallet services will be available starting in 2025.
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CBE launches new service allowing instant global money transfers to Egypt
The Central Bank of Egypt (CBE) launched a new service on Monday that allows instant money transfers from anywhere in the world to Egypt.
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Paymob enables Apple Pay acceptance for its merchants in Egypt
The milestone marks a significant transformation in the country’s digital payments landscape following the recent launch of Apple Pay in Egypt.
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Google to launch Google Wallet app in 16 countries including Egypt in 2025
Google announced Saturday that it will launch its Google Wallet app in 16 countries, including Egypt, in 2025.
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Egypt’s first digital factoring license secured by FinTech oliv
According to FRA reports, the size of Egypt’s factoring industry in 2023 amounted to LE 44 billion, serving just 605 clients.
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CBE launches payment cards’ tokenization and Apple Pay service
The Central Bank of Egypt (CBE) announced Thursday the launch of payment card tokenization on mobile applications and the Apple Pay service.
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You can now use Apple Pay in Egypt with CIB cards
With this launch, the CIB aims to ease everyday transactions for its customers, providing them with a faster way to pay.
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NBE, Banque Misr, CIB launch Apple Pay activation trials
The National Bank of Egypt (NBE) launched Tuesday Apple Pay service activation trials for secure contactless payments.