Latest in Tag: Aman Highlight
Latest in Tag: Aman
Aman Financial Services aiming to enter Saudi market this year
A strong opportunity to enter the instalment sector in Saudi Arabia
Aman to launch securitisation affiliate with first issuance reaching EGP 500m within 3 months
The Group also expanded in two new financing sectors, namely nano-finance, with a maximum of EGP 3,000 to support marginalized groups, and Islamic finance, which is very popular in Egypt.
Aman consumer finance to issue securitisation bonds worth EGP 650m
Subscription to Aman cash fund will be closed within two months
Raya Holding studies partial acquisition offer from international organisation in Aman
In an interview with Daily News Egypt, Khalil said that the branch in Aman’s contributions to the company’s total revenues amounted to about 15%, stressing the company’s plan to maximise its market share in the electronic payment market.
TAQA Arabia, Aman establish new company for payments with EGP 300m investment
Khalil added that the partnership aims to provide TAQA Arabia with all the technological services provided by Aman companies after its branch network reached 250 nationwide, with a total of 170,000 merchants.
Aman in negotiations with 4 banks to provide banking services to its clients
Company to issue 25,000 Meeza cards, aims to increase them to 100,000 cards, says Ahmed Al-Khatib
Capital gain on 24% stake sale of Aman could reach EGP400m: Source
The capital gain on the recent 24% stake sale of Aman for Non-Banking Financial Services (ANBFS) to the National Bank of Egypt (NBE) could amount to about EGP 400m, a source has exclusively told Daily News Egypt.
National Bank of Egypt acquires 24% stake in Aman Financial Services for EGP 480m
National Bank of Egypt Chairperson Hisham Okasha said that this step is an important step for the bank towards reducing cash transactions
National Bank of Egypt to acquire minority in Aman for financial services by December: Sources
Aman decides against debuting on Egyptian Exchange as it previously planned
Raya Holding approves NBE acquisition offer for Aman minority stake
NBE to acquire 24% in two months, says Khalil
Aman, e-finance cooperate on collecting utility bills electronically
Aman has also contracted with nine electricity distribution companies to enable a new digital service for paying electricity bills. This comes in addition to cooperating with Petro Trade to allow customers to pay their bills electronically.
Aman, NBE cooperate to deploy 25,000 POS as part of CBE initiative
The cooperation comes as part of the Central Bank of Egypt (CBE) initiative to stimulate e-payments in Egypt, rather than cash exchanges. This is in line with the Egyptian state’s economic vision to achieve sustainable development and transition to a cashless society.
Aman obtains consumer finance activity licence
Moghazy added that the company is looking to increase its investment portfolio, which currently stands at EGP 500m, by EGP 200m. The company is looking to increase the investment portfolio to a total of EGP 700m by the end of 2020.
CBE approves issuing EGP 870.3m worth ‘Aman’ certificates
NBE, Banque Misr, Banque du Caire, ABE started offering certificates in March 2018
Aman e-payment is considering providing funding for traders during service 2019
We aim to increase our transactions to 1m per month, attract 20,000 POS: Wahby
Aman, WE, agree on collecting bills, balance recharge
Company’s expansion plan includes reaching 70 points of sale, adding 400 branches
Jumia contracts with Aman to provide instalment payment services
Payment facilities become very common recently, hence Jumia aims to allow its customer to purchase online unique and diverse products through instalment payment service
Aman penetrates microfinance market
Company begins through four main branches in Cairo, Giza, Mansoura, Assiut, targets 55 branches by end-2019, 150 within five years
ABE issued 139,000 Aman certificates worth EGP 163m: chairperson
We have other requests worth EGP 88m, sales mostly of EGP 500, EGP 2,500 certificates, says ElKosayer
Egyptians flock to purchase ‘Aman’ insurance certificates
NBE offering Aman certificates to temporary workers of companies dealing with it
Raya sells 20% of Aman’s shares to GCB
We plan to rely on the solutions of Internet of Things, big data, and 4G technologies in 2017, says Abdel Rassoul
Aman and Petrotrade cooperate to collect gas bills electronically
Petrotrade clients can now pay their bills through Aman outlets anywhere in Egypt, says Wahby
Aman familiarises citizens with e-payment services
Aman for e-Payments has organised a celebration in Shubra Al Kheima to familiarise citizens with its services. The celebration also aims to encourage the people to take part in its electronic payment system in order to accomplish the vision of the company, which is aiming to create more efficient communities in terms of financial inclusion. …
Raya Holding founds new company to provide instalments service
Company aims at expanding to 100 branches during 2017
Raya’s Aman for electronic payments launches in Egypt
Raya Holding for Technology and Communications announced the effective launch of Aman for electronic payments (e-payments) all over Egypt, according to a press release issued on Tuesday by Raya. “Aman” is a subsidiary of Raya Holding for Financial Investments. The new service will gradually spread at a fast pace within five years through the presence …
Aman initiative aims to start a national anti-harassment movement
With every news report, the number of incidents of sexual harassment in Egypt rapidly increases. Despite the continuous efforts of effective initiatives and official actions, the numbers have increased notably over the past decade, putting Egypt at the forefront of discrimination against women. Mosawah organisation for training and counselling recently announced the launch of its …
Aman for electronic payments to start operations in September
Aman, a company recently founded by Raya Trade that is specialised in electronic payment solutions, will effectively launch in the Egyptian market in September, according to Basim Moujahid, CEO of Raya Trade, a subsidiary of Raya Holding. Aman aims to provide electronic payment solutions “from a new perspective”, thus enabling all kinds of users to …