FinTech News
-
Fawry considers CBE digital banking license, seeking to expand into KSA market
Egyptian digital finance platform, Fawry, is studying whether it will apply for a digital banking license.
-
Fintech event Seamless North Africa 2023 kicks off in New Cairo
Regional fintech event Seamless North Africa has kicked off in Egypt's New Cairo with the participation of over 4,000 banking institutions.
-
Central Bank of Egypt issues new rules for digital banks' licensing
The Central Bank of Egypt (CBE) issued rules for licensing, registering, controlling, and supervising digital banks, according to an announcement.
-
Egypt's FRA issues new regulations for using fintech in non-bank finance
Egypt's Financial Regulatory Authority (FRA) has issued new regulations for the use of fintech in the non-banking financial sector.
-
Egypt: aiBANK joins InstaPay as part of its digital transformation strategy
Offering instant payment services is a strategic move that is part and parcel of our vision to enhance our digital footprint and customer experience.
-
Egypt-based fintech investment platform Exits.me raises $1.25 mln capital
According to a press statement issued on Monday, Exits.me, an Egypt-based fintech investment platform, has grown its total capital to $1.25 million.
-
Egypt Post partners with Qardy
Online aggregator marketplace Qardy has announced its partnership with Egypt Post to offer SMEs access to financing opportunities in Egypt.
-
Egypt’s Masroofi raises $1.5 million
Egypt-based fintech Masroofi, has closed a $1.5 million investment round from undisclosed investors.
-
Egyptian startups to digitally transform pharmacies
Also stationed in Cairo, financial service Paymob was founded in 2015 and has 40 payment methods available for businesses to choose from.
-
Afreximbank Announces Talks with Egypt to join Platform for Commercial Transactions with Africa in Local Currencies
The official stressed that the accession of Egypt, led by the Central Bank and with the participation of a number of commercial banks.
-
The effects of digital transfers on Egypt's economy
Remittances are a crucial source of income and foreign currency in Egypt, often serving as the only financial safety net for low-income households.
-
Saudi Arabia’s VMS acquires minority stake in Egypt’s Cash Cows
The partnership aims to connect Egypt’s and Saudi Arabia’s startup and entrepreneurship market and also help in mobilizing resources and expertise.
-
Flutterwave eyes Egypt’s cross-border payments market as it plans IPO
The payment company hopes expanding and deepening its market coverage will also be a boost for its IPO appeal.
-
Egypt’s Agel raises pre-Seed round for its Sharia-complaint fintech platform
The newly raised funds will be deployed to allow Agel to become a licensed non-banking financial institution, fine-tune its product, and accelerate it
-
Paymob and Chefaa lead digital transformation of pharma retail payments in Egypt
Customers Benefit from Streamlined Transactions and Secure Payment Experiences.
-
Egypt hires private company to develop digital services platform for Egypt's SMEs
MSMEDA partnered with digital platform developer eAswaaq Misr to manage, operate and market Egypt's inaugural online services platform for SMEs.
-
Arma Group embarks on digital transformation journey powered by SAP
Partnership with SAP will see popular Egyptian brand leverage cloud solutions at escalated pace, while also co-innovating on new FMCG solutions.
-
One Finance, CRIF Egypt team up to boost Egypt’s consumer financing services
This partnership secures access for One Finance to fully use CRIF's wide range of services.
-
Fawry teams up with Infobip to boost electronic payment services
Fawry is an e-payment platform in Egypt, serving the banked and unbanked population.
-
ValU partners with Telda
To offer instant cash redemption and installment solutions to users of “Sha2labaz” in the first-of-its-kind digital offering in the Egyptian market.