FinTech News
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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.
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Egypt e-payment leader Fawry to launch new digital bank by end of 2023
Fawry, Egypt's leading e-payment solutions provider, announced a plan to turn its online payment portal myFawry into a digital bank in 2023.
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Egyptian pharma startup Grinta acquires counterpart Auto-Cure to expand footprint
Grinta is a managed marketplace that modernises the pharmaceutical supply chain by empowering independent pharmacies.
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Central Bank of Egypt partners with London Banking Institute for talent development
The MOU will focus on collaboration on talent development for the workers in the Egyptian financial sector,
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Egypt’s Dominant Fintech Fawry Takes On SME Financing In Growth Push
Fawry has grown to become Egypt’s largest e-payments platform, valued at more than USD 2bn.
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UAE, KSA and Egypt Play Key Roles in Growing Middle East Fintech
The tech savviness of consumers in the Middle East, especially in the UAE, is a large reason the fintech industry has continued to grow.
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Opay plans to apply for digital bank license in Egypt
The step is part of OPay's commitment to playing a role in expanding Egypt's digital economy.
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Banknbox sets up $10 mln regional HQ in Egypt to offer integrated banking tech
Cairo-based financial services company Banknbox announced the opening of its $10 million regional headquarters in Egypt.