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Vodafone Egypt is working with Bank of Alexandria to launch a pilot nano lending service to consumers.
27.12.20 | Interesting article at Bloomberg Business

Vodafone Egypt is working with Bank of Alexandria to launch a pilot nano lending service to consumers, Ayman Essam, the telecom’s external relations director, said in a message to Bloomberg.


 

 


  • Essam said the move is “a normal evolution” given that Vodafone Egypt has 65% of mobile wallet share and more than 80% of the transactions on that platform

    • Move is “part of our efforts toward financial inclusion”



  • Co. was selected by Central Bank of Egypt and Egypt’s National Telecom Regulatory Authority for the program

  • Vodafone and Bank of Alexandria still discussing details, including amounts and launch date