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Egypt plans on integrating Payment Gateway Solutions with E-commerce Merchants, to help them connect with Global Suppliers.
26.06.22 | Interesting article at Daily News Egypt

Egypt is heavily focused towards transforming its Digital Landscape, by incorporating Technological Innovations and Promoting E-commerce, at large. By promoting more E-commerce startups, the country is also focused on the Fintech sector, and its associated growth, as it directly translates towards a healthy E-commerce outlook, supporting more Payment Gateway Solutions, enabling Global Transactions. Egypt plans on integrating Payment Gateway Solutions with E-commerce Merchants, to help them connect with Global Suppliers, helping with cross-border transactions, with ease.


Importance of Payment Gateways in Egypt


The Coronavirus Pandemic caused a great deal of distress for people all across the Globe. If we talk about businesses, the resulting restrictions of the pandemic caused many businesses to shut down, while most capitalized and shifted towards online method of shopping. Like other people all across the Globe, consumers and individuals, in Egypt, were also accustomed to the retail shopping experience, instead of online shopping, especially when it came to Grocery Shopping. Similarly, their main method of shopping was through cash or cash-based transactions. Online Payments and its adaption was not significant in Egypt.