Visa signed an agreement with Egyptian Banks Company to introduce new solutions around electronic payment services, digital wallets and other offerings. The partnership aims to expand the scope of instant payments and streamline the receipt of international remittances from Egyptian expatriates, the companies said in...
Mastercard has partnered with Ingiz, a family financial management startup in Egypt. This collaboration aims to introduce a digital payments application that will drive financial literacy and inclusion among Egypt’s youth, a market segment that has remained largely untapped and underserved, the companies said in a Sunday (Aug. 27)...
Egypt’s central bank has increased the amount of money that can be withdrawn via payment service providers.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 week that it amended its daily and monthly withdrawal limits through payment service providers (PSP) applications under its rules for...
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 it has teamed with Arabic streaming platform Shahid to let the service’s customers in Egypt pay for subscription video on...
February 16, 2023
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 payments service provider Paymob, that challenge is holding back businesses, particularly small mom-and-pop shops, from unlocking their full business potential. “We’re looking at markets that are very advanced in issuance […]
November 29, 2022
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 only representing a very tiny...
August 18, 2022
According to World Bank data, in 2021 just 22% of the Egyptian population over the age of 15 owned a debit or credit card, and only 2% of the population...
June 02, 2022
With almost 2,000 cars sold daily and nearly 750,000 vehicles sold on a yearly basis, the Egyptian used car market, representing a Gross Merchandise Value (GMV) of about $10 billion,...
February 26, 2024
PayTabs Egypt, a provider of digital payment solutions, partnered with Souhoola, an Egyptian buy now, pay later (BNPL) platform. Via the collaboration, PayTabs Egypt will add another BNPL option to its portfolio of payment solutions, the companies said in a Monday (Feb. 26) press release. “By integrating Souhoola’s BNPL solution, we are not only addressing […]
February 12, 2024
Visa signed an agreement with Egyptian Banks Company to introduce new solutions around electronic payment services, digital wallets and other offerings. The partnership aims to expand the scope of instant...
August 28, 2023
Mastercard has partnered with Ingiz, a family financial management startup in Egypt. This collaboration aims to introduce a digital payments application that will drive financial literacy and inclusion among Egypt’s youth, a market segment...
March 12, 2023
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 week that it amended its...
