Egypt

Bank of Egypt Ups Withdrawal Limits for Instant Payments

Bank of Egypt Ups Withdrawal Limits for Instant Payments
Bank of Egypt Ups Withdrawal Limits for Instant Payments
March 12, 2023  |  Real-Time Payments

Egypt’s central bank has increased the amount of money that can be withdrawn via payment service providers. The Central Bank of Egypt (CBE) said last...

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Paymob Teams With Arabic Streaming Platform Shahid
Paymob Teams With Arabic Streaming Platform Shahid
March 09, 2023  |  Partnerships

Paymob wants to help Egyptian consumers pay for streaming video via eWallets. The financial services company announced in a Thursday (March 9) press release that...

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Legacy Payments Infrastructure Holds Small Merchants Back in Emerging Markets
Legacy Payments Infrastructure Holds Small Merchants Back in Emerging Markets
February 16, 2023  |  Digital Payments

The imbalance between payments issuance and acceptance is a major pain point in emerging markets. According to Islam Shawky, co-founder and CEO at Cairo-based digital...

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Egyptian FinTech MNT-Halan Announces $400M of Fresh Funding
Egyptian FinTech MNT-Halan Announces $400M of Fresh Funding
February 01, 2023  |  Investments

Egypt’s MNT-Halan has raised $400 million at a valuation of over $1 billion. The funding was announced by the Cairo-based FinTech on Monday (Feb. 1)....

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X-ERA and Paymob Enable Digital B2B Payments for Egyptian Merchants
X-ERA and Paymob Enable Digital B2B Payments for Egyptian Merchants
January 23, 2023  |  B2B Payments

X-ERA and Paymob have partnered to help Egyptian merchants make digital B2B payments. The collaboration brings together Paymob’s payment acceptance technology and X-ERA’s mobile app...

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Egypt’s Contact Wants to Boost Sustainability With ‘Green Finance’
Egypt’s Contact Wants to Boost Sustainability With ‘Green Finance’
December 26, 2022  |  Investments

Egyptian financial firm Contact wants to promote sustainability with a new product dubbed “Green Finance.” According to a Monday (Dec. 26) news release, the product...

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ADVA and One Finance Team on Egyptian BNPL Offering
ADVA and One Finance Team on Egyptian BNPL Offering
December 05, 2022  |  Payment Methods

One Finance and ADVA have partnered to expand consumer financing in Egypt. The two digital lending platforms announced the partnership on Monday (Dec. 5) in...

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MENA Food Retailers Tap Tech to Improve Supply Chain Inefficiencies
MENA Food Retailers Tap Tech to Improve Supply Chain Inefficiencies
November 29, 2022  |  Supply Chain

In Egypt, small firms, including mom-and-pop stores, make up about 90% of local food and grocery sector, with the “Walmarts and the Walgreens of Egypt...

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