Latest in Tag: e-payments Highlight
Latest in Tag: e-payments
CBE offers one-year incentives to support e-payments
Under new incentives, Egyptian pound-backed transactions made online will be exempted from all fees until December 2023
EgyptAir enters tripartite partnership with ValU, Pay Tabs for e-payments
Under the agreement, ValU will provide buy now and pay later services to EgyptAir customers to book and pay domestic and international airline tickets and make payments through the Pay Tabs Egypt payment gateway.
Mashreq Bank signs partnership with Visa to support e-payments, digital solutions
Latest partnership aligned with Egypt’s ambitious strategy to encourage electronic payments ecosystem in country
Egypt’s e-payments to suppliers, state worker salaries record EGP 628bn, EGP 377bn respectively
Total of 13.5 million transactions worth EGP 37bn take place through government electronic collection points
Businesses pivot to grow revenues, overcome COVID-19 pandemic
The novel coronavirus (COVID-19) pandemic has confused the accounts and plans of many companies, due to the negative effects of the precautionary measures put in place to combat the pandemic, including social distancing.
Ebtikar for e-payments to offer 25% stake on EGX by Q1 2021: Sources
The value and final percentage of the offering will be announced upon completion of the fair value study.
EGX awaits IPOs of 3 e-payments companies in 2021
Fawry sees shares jump 300% within 12 months, encourages electronic payment companies to get listed
Egypt consumer confidence in e-payments increases amid COVID-19: Visa
86% of consumers trust contactless transaction technology, 69% support payment with QR code: survey finds out
200,000 PoS available for e-payments of electricity bills to reduce coronavirus spread
Out of which, 120,000 are Fawry PoS, the remaining 60,000 belong to other e-payment services including Masary, Aman, Bee, and several others.
MTI to list e-payments arms, Ebtikar on EGX by end of 2020, 2021 respectively
Establishment of new auto finance company has been completed, its activity starts last month
MTI e-payments arms target EGX debut year-end
Investor Relations and Business Development Manager at MTI Ashraf El-Ghannam said MTI is establishing two consumer finance arms this year. One of the new companies is for auto finance and its establishment procedures have been completed, and it began operating last month.
Electricity Ministry collects EGP 1bn bills via e-payments December 2019
About 8.725 million subscribers were able to pay their electricity bills electronically in December, and the ministry seeks to expand in electronic payment services in the coming period.
Fawry to partner with PCI SSC to help secure payment data worldwide
As Council’s newest participating organization, Fawry is to recommend new initiatives for consideration to the PCI SSC
Issuance of executive regulation for e-payments law within weeks: CBE
Banks issued 3.5m Meeza cards until end-October, says CBE Deputy Governor
Egypt eligible for penetration of e-payments: Gaber
Visa seeks to expand acceptance of digital payments in Egypt in cooperation with financial institutions, Egyptian government, FEDCOC, service providers
Share of Fawry offered in EGX before end of 2019 through partial exiting of investors
FV of company’s shares being determined before approval, completion of offering procedures: Okasha
ACUD inks agreement with MasterCard to provide NAC with e-payments
Partnership includes identifying means of managing smart card service, follow-up implementation
Fawry awaits CBE’s approval to provide banking services through Fawry Plus
50% projected growth in e-payment next year: Okasha
Swedish officials, businesspersons to attend traffic safety seminar in Egypt
Collaboration between CBE, Sweden in e-payments, says ambassador
Fawry Plus POS to reach 360 outlets in two years: Okasha
Fawry, an e-payments company, aims to expand its Fawry Plus services in the coming period. According the company’s managing director, Mohamed Okasha, it now operates 60 Fawry Plus points of sale (POS). Okasha said the company intends to reach 120 outlets by the end of the year and 360 outlets in two years. Last year, …
PayMe targets collecting EGP 20m by end-2018
We are negotiating with four investors to sell 10% of company’s shares for EGP 5m says El-Ashry
CIB Smart Wallet partners with Careem Egypt to promote e-payments
The Commercial International Bank-Egypt (CIB) announced collaboration model with Careem-Egypt for the first time in the local and regional markets The new partnership provides Careem-Egypt with an integrated set of digital financial solutions to efficiently manage the incentives and payments disbursement to company captains via CIB Smart Wallet. Careem staff can also deposit and withdraw …
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 …
Europeans shop for convenience as e-payments skyrocket
Europeans ‘touched to pay’ three billion times in the last 12 months, cementing contactless payments’ ‘growing popularity, says Visa
Raya to launch Aman for e-payments in Q1 of 2016
The market can absorb more competitors, and we will provide a different service, says Chairman
Fawry supports government’s efforts to develop cashless community: Sabry
The company is preparing to launch new services and access 17 million users
Mobile phones are next generation’s tool for electronic payment in Egypt: VISA
Mobile phones are crucial to Visa’s Egypt strategy and their use in making payments is a pillar of Visa’s holistic financial strategy, according to Tariq El-Husseini, North and West Africa Visa General Manager. El-Husseini said that the financial usage of mobile phones in Egypt has so far been limited to transferring funds from one person …