Raqamyat announces the launch of its business in the Egypt

Raqamyat" announces the launch of its business in the Egypt's market with exclusive packages, boosting E-commerce, maximizing sellers' profits

"More Than Just a Seller" is a national initiative to support SMEs with a smart business bundle, tying it to achieving financial goals

In line with Egypt's Vision 2030 towards digitization, Raqamyat, a company specialized in providing integrated solutions to e-payments and e-commerce, has announced launching its business in the Egypt's market with exclusive packages to boost e-commerce and maximize sellers' profits. The – Egyptian joint-stock company – Raqamyat intends to achieve financial and market sustainability through effective and comprehensive solutions which helps granting access to market and maximizing profit, along with building a strong e-payments community in MENA region and creating new job opportunities by launching a number of e-commerce projects. 

The size of retail e-commerce is on the rise globally, especially after Covid-19 pandemic. The total retail e-commerce sales have reached 4.9 Trillion USD worldwide in 2021, whereas sales of the same year in the Middle East have reached 49 Billion USD.  During the past years, Egypt has been paying considerable attention to engage in the growing global trend and increase investments in Fintech, where investments in Egypt grew from 1 Million USD in 2017 to reach 159 Million USD by the end of 2021. Each cash flow has reached 1.203 in average for a single purchase order through e-stores. In addition, the number of eWallets have increased by 16% during 2021 against 5% in 2018.