FinTech News
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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.
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Contact Pay, eKhales expand partnership to offer PoS payment solutions
This partnership enables Contact customers across the country to conveniently settle their payments via eKhales’ expansive partners network of PoS.
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Egypt wins first place in Arab FinTech Challenge
Egypt's EZRAALI project wins first place in Arab FinTech Challenge in Dubai. 2nd consecutive win for Egypt.
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Egypt FRA launches 1st regulatory sandbox to support fintech
This is the first regulatory sandbox in the non-banking financial sector to foster startups' growth with innovative digital solutions.
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Egyptian Gulf Residents Can Soon Transfer Money to Egypt via InstaPay
Transfers will be exclusively received in Egyptian pounds, with fees determined by individual banks based on the currency and country of origin.
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Here are the InstaPay withdrawal limits
The Central Bank’s decision came due to the increasing number and value of transactions on the National Instant Payment System.
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InstaPay app issues urgent notice to its users regarding winter time
According to Law No. 24 of 2023, winter time in Egypt will begin at midnight on Thursday, October 31st.
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Zoho partners with Fawry Business to accelerate growth in Egypt
The increase in channel partners means it now appears to have 17 consulting partners in Egypt and two global GSIs operating in the region.
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Fawry and Bel Egypt enhance digital financing solutions for retailers
This partnership will aid retailers’ digital transformation, enabling them to overcome economic challenges and expand their businesses.
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Halan and Truecaller Collaborate to Redefine Communication Safety in Egypt
With Truecaller’s Verified Business Caller ID solution, Halan is taking a significant step forward in the financial services ecosystem.
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Media reports possible new Instapay feature coming to app
The new service is expected to roll out before the end of this year, enhancing the convenience of transactions for consumers.
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Valu partners with ShipBlu, PayTabs Egypt for eCommerce payments
Valu, MENA’s universal FinTech powerhouse, has partnered with ShipBlu and PayTabs Egypt to transform payment methods for eCommerce.
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Know your InstaPay limits: CBE announces new rules
The Central Bank of Egypt (CBE) has increased the daily and monthly spending limits for digital payments made using apps like InstaPay.
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In the spotlight: Paymob a success story in Egypt's booming fintech scene
One of Paymob's most notable achievements is reaching profitability in its home market of Egypt for the first time in the second quarter of 2024.
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Tamweely acquired by consortium of EU, British, Egyptian investors
The deal reflects investor interest in Egypt’s growing microfinance sector, a financial analyst told Mada Masr.
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Egypt-born FlapKap raises $34 million pre-series A
The fintech company will use the new investment to expand its small and medium enterprise (SME) financing services across MENA.
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Egypt Menthum launches USD fixed income fund in partnership with CI Capital
Menthum, an Egyptian digital savings platform, announced on Sunday the launch of its USD Fixed Income Fund in collaboration with CI Capital.