Egypt

Egypt Limits Bank Withdrawals, Deposits To Curb Inflation, Hoarding

Egypt Limits Bank Withdrawals, Deposits To Curb Inflation, Hoarding
Egypt Limits Bank Withdrawals, Deposits To Curb Inflation, Hoarding
March 30, 2020  |  Bank Regulation

In Egypt, banks have been told to impose a limit on cash withdrawals and deposits in a move to hopefully stop hoarding and inflation. Get...

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MoneyGram, Suez Canal Bank Team To Enable Egypt Money Transfers
MoneyGram, Suez Canal Bank Team To Enable Egypt Money Transfers
January 23, 2020  |  Partnerships / Acquisitions

MoneyGram has partnered with Suez Canal Bank to let customers send money right into Egyptian bank accounts, according to a press release. Get the Full...

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Egyptian Govt Could Move To Cash Disbursements For Needy Residents
Egyptian Govt Could Move To Cash Disbursements For Needy Residents
January 10, 2020  |  Cash

The Egyptian government is investigating the possibility of a feasible transition to a limited, new cash payment system that would replace the ration cards on...

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Egyptian Antitrust Reg Conditionally Approves Uber’s Careem Buy
Egyptian Antitrust Reg Conditionally Approves Uber’s Careem Buy
December 29, 2019  |  Partnerships / Acquisitions

Careem, an Egyptian domestic rival to U.S.-based Uber, is set to be acquired by their global competition giant. Get the Full Story Complete the form...

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Egypt Eyes eInvoicing To Modernize Public Procurement
Egypt Eyes eInvoicing To Modernize Public Procurement
December 23, 2019  |  B2B Payments

Egypt is readying an electronic invoicing mandate for consumers to pay their taxes, an initiative that reports said will eventually expand to standardize invoicing in...

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Egyptian Transit App Swvl Plans Global Expansion
Egyptian Transit App Swvl Plans Global Expansion
November 12, 2019  |  Mobile

Egyptian mobility startup Swvl will be expanding into the Philippines, Indonesia and Bangladesh by the end of 2020. Get the Full Story Complete the form...

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In The Middle East, Banks Embrace FinTech
In The Middle East, Banks Embrace FinTech
January 29, 2019  |  B2B Payments

Efforts in the Middle East by banks and other financial institutions to embrace FinTech are on the rise. Get the Full Story Complete the form...

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Jumia Sets Its Sights On Egypt And Unlicensed Vendors
Jumia Sets Its Sights On Egypt And Unlicensed Vendors
May 08, 2018  |  eCommerce

Jumia, the leading eCommerce player in Africa, has set its sights on Egypt, aiming to grow tenfold on a revenue basis and sixfold in the number...

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Visa Egypt Targets Financial Inclusion Via Payroll Cards
Visa Egypt Targets Financial Inclusion Via Payroll Cards
June 03, 2016  |  B2B Payments

In the U.S., the debate continues over the payroll card and whether it’s a tool to provide key resources for underbanked employees or one that...

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