Dahab Masr, Kash Now to offer gold purchasing online

With the new partnership, customers will be able to conveniently purchase gold through the Kash Now app and pay using their digital wallet.

The range of available gold weights starts from 0.25 grams, allowing individuals to invest according to their financial capacity.

Purchased gold will be delivered to customers at their homes, simplifying the buying process.

Amr Salem, the CEO of Kash Now, highlighted that this step is in line with Egypt's commitment to digital transformation, financial inclusion, and the provision of innovative financial services.

The partnership aims to enhance the accessibility of the gold market and remove all barriers for potential investors, Salem added.

For his part, Amr Fouad, the General Manager of Dahab Masr, noted that this collaboration provides an innovative way for Egyptians to access the gold market easily.

By breaking down traditional barriers, the partnership opens up new investment opportunities for a wider range of individuals, Fouad noted.

He also stated that this alliance reflects a promising future, showcasing Egypt's economic and financial development while improving the lives of its citizens through diversified investment options.

In line with these advancements, the Assay and Weights Administration (AWA) of Egypt is set to hold its first-ever electronic auction for gold and silver.

Scheduled to take place on Tuesday, the auction will feature 66 gold bars and 41 silver bars.