Sections
Egypt
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Bank RegulationEgypt Limits Bank Withdrawals, Deposits To Curb Inflation, Hoarding
In Egypt, banks have been told to impose a limit on cash withdrawals and deposits in a move to hopefully stop hoarding...
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Partnerships / AcquisitionsMoneyGram, Suez Canal Bank Team To Enable Egypt Money Transfers
MoneyGram has partnered with Suez Canal Bank to let customers send money right into Egyptian bank accounts, according to a press release....
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CashEgyptian Govt Could Move To Cash Disbursements For Needy Residents
The Egyptian government is investigating the possibility of a feasible transition to a limited, new cash payment system that would replace the...
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Partnerships / AcquisitionsEgyptian Antitrust Reg Conditionally Approves Uber’s Careem Buy
Careem, an Egyptian domestic rival to U.S.-based Uber, is set to be acquired by their global competition giant. Regulators approved the $3.1...
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B2B PaymentsEgypt Eyes eInvoicing To Modernize Public Procurement
Egypt is readying an electronic invoicing mandate for consumers to pay their taxes, an initiative that reports said will eventually expand to...
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MobileEgyptian Transit App Swvl Plans Global Expansion
Egyptian mobility startup Swvl will be expanding into the Philippines, Indonesia and Bangladesh by the end of 2020. Launched in Egypt in...
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B2B PaymentsIn The Middle East, Banks Embrace FinTech
Efforts in the Middle East by banks and other financial institutions to embrace FinTech are on the rise. As reported from Daily...
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eCommerceJumia Sets Its Sights On Egypt And Unlicensed Vendors
Jumia, the leading eCommerce player in Africa, has set its sights on Egypt, aiming to grow tenfold on a revenue basis and sixfold...
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B2B PaymentsVisa Egypt Targets Financial Inclusion Via Payroll Cards
In the U.S., the debate continues over the payroll card and whether it’s a tool to provide key resources for underbanked employees...
- News
PayPal Helps Egyptian Merchants Grow Worldwide
PayPal has announced a new service whereby Egyptian users can not only receive payments from buyers in 203 markets, but can also...
- International
MasterCard Scores Another Digital ID Payments Win In Egypt
MasterCard will be issuing every adult in Egypt a mobile-based debit card account that will double as a national ID card, the...
- B2B Payments
B2B Crucial for Egypt’s Post-Uprising Growth
Egypt is climbing out of economic troubles that have plagued the nation since the 2011 uprising, and according to reports, government procurement...
