E-Commerce News
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Jumia fires over 900 workers, stops food delivery operations in Egypt, 2 others
Jumia explained that it decided to cease a number of activities as part of its goal of focusing on core areas of the business with attractive returns.
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Noon.com announces completion of Namshi acquisition
With more than 1,200 brands and an unrivaled selection of products, Namshi has quickly established itself as a well-known local brand.
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eFinance aims to enter Saudi market during current year: Chairperson
e-Finance is looking forward to maximizing the benefit from the international investor base it enjoys to enter new African and Arab markets.
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Paymob and Khazna partner to expand access to digital financial services in Egypt
Consumers and merchants to benefit, while this partnership will drive financial inclusion in line with Egypt’s Vision 2030.
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X-ERA, Paymob join forces to offer digital B2B payments tool in Egypt
Paymob’s gateway will process various methods of payments, including credit card, digital wallet and others on the X-ERA app.
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Fawry Plus, Egypt Trust pen partnership protocol to provide e-signature services
As per the agreement, Egypt Trust’s customers will easily issue electronic signatures through Fawry Plus branches where the service is available.
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Masroofi: Egypt’s First E-Wallet intended for children-use
Most children in Egypt grow up with little to no knowledge of handling finances, and absolutely no access to cashless opportunities.
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valU and PayTabs Egypt team up with TicketsMarche to offer payment solution
The tie-up aimed at enabling TicketsMarche’s customers to finance and pay for their ticket purchases through valU and PayTabs Egypt.
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Fawry joins together with Classera to encourage digital payments in Egypt’s educational sector
As part of this partnership, “Fawry” provides Classera customers with all technology solutions and integrated digital payment services.
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CBE offers one-year incentives to support e-payments
Under new incentives, Egyptian pound-backed transactions made online will be exempted from all fees until December 2023.
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Egypt’s SideUp raises $1.2M to grow its e-commerce support platform
Egypt’s Voo has rebranded to SideUp and transformed its strategy to offer a complete spectrum of e-commerce support services.
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CBE grants preliminary approval to launch prepaid card Takka
Receiving CBE’s preliminary approval to launch Takka reflects confidence in ADIB-Egypt and ADI-Consumer Finance’s compelling brand portfolio.
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TotalEnergies Marketing Egypt and valU partner
Customers will benefit from valU payment solutions, on all the products and services offered at TotalEnergies’ stations in Egypt.
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Vodacom to roll out Alibaba Super App to new Egypt market
The Johannesburg-based company has received approvals to buy the Egypt business from its parent, Vodafone Group, for $2.7 billion.
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Egyptian fintech Money Fellows raises $31 million
Money Fellows classifies its users as borrowers, savers or planners depending on their position in a ROSCA cycle and when they receive a payout.
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Kenzz - Egypt’s mass ecommerce solution raises $3.5 million
Kenzz’s model benefits local manufacturers and SMEs too - by giving them access to data, insights, and access to potential hard-to-reach end users.
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Egyptian consumer money app Telda raises $20M
Egypt's private consumption accounts for nearly 85% of its nominal GDP, and only 4% of its overall GDP is cashless.
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The Fashion Kingdom raises $2.6M in seed funding
Not only does the platform enlist products of all these brands for customers’ viewing and buying pleasure, but it also provides ancillary services.
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Damen to launch its mobile wallet app in partnership with BKN301
The agreement is part of BKN301’s international growth strategy, which aims to become the leading open-market and cross-border operator.
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Best Payment Gateways Solutions in Egypt
Egypt plans on integrating Payment Gateway Solutions with E-commerce Merchants, to help them connect with Global Suppliers.