PAYFORT launches initiative supporting start-ups in UAE, Egypt, Saudi Arabia
Company joins forces with leading banks in region to promote campaign through targeted announcements
Latest in Tag: PayFort Highlight
Latest in Tag: PayFort
Payfort, valU partner to provide payment options for e-commerce stores
PayFortâs seamless integration with merchant sites allows customers to checkout with just two clicks. To date, this simple process has helped merchants in the region
Startups in Middle East need investments worth $50m in 2017
16% of the startups in the financial technology sector are from Egypt
Emerging companies in FinTech field to reach 250 in 2020: PAYFORTÂ
Size of global investments in financial services technology companies is $16.1bn
PAYFORT, Wamda prepare first Fintech report on MENAÂ
The report will consist of six sections, including case studies and recommendations for the future development of the FinTech ecosystem
PAYFORT announces new partnership with AmadeusÂ
The partnership aims to simplify online payments for the region’s travel industry
How to create a successful online marketing campaign?
A fear of online retailers is e-commerce customers abandoning their shopping cart if they change their mind during the purchasing process. It has become common for customers to visit a website, start browsing, add products to their carts, and then cancel their transaction at the last minute. Therefore, online retailers must have plans to recapture their …
Egypt is a âFintech opportunityâ: PayFortâs managing director
Businesses offering their products online are still in their infancy, making Egypt a financial technology opportunity, says Omar Soudodi
Payfort offers instalment service for e-commerce websites in cooperation with CIB
Payfort, a company specialised in electronic payment services in the Middle East, has started offering customers of the Commercial International Bank (CIB) a service by which they can pay for products purchased on e-commerce websites in instalments. The instalment programme is one of the most successful means of enabling e-commerce websites to increase their sales, …
Payfort partners with Shopify to empower MENA’s startups
Online payment service provider Payfort partnered with commerce platform Shopify to help startups in the Arab region create online stores using the former’s online payment solutions. Businesses worldwide have created more than 275,000 online stores using Shopify, selling an estimated worth of $17bn of goods and services. Payfort’s merchants will be able to use Shopifyâs …
Mobile phones most online requested products in Egypt
42% of domestic online shopping transactions are conducted via mobile phones
Size of electronic payment transactions in Arab region expected to reach $69bn by 2020: Payfort
Electronic payments grew by 50% in Egypt during 2015
14% growth expected in e-commerce in Arab world this year
Facebook still ranks first among social media sites in the Middle East, though its usage is relatively low in Saudi Arabia and Kuwait
Egyptâs electronic payment market ranks third largest in Arab region
The Arab market grew by 23.3% and the market reached $5.1bn in Egypt, says PayFort
Youth aged 16-18 spends 17.3 hours per day on electronic devices: PayFort
Youth spend 35% of their time on smartphones, according to report
PayFort negotiating with mobile operators to provide e-wallet service: country manager
PayFort expects EGP 9bn worth of electronic payments through its Middle East network
Online payment companies face clientsâ fears
Sector growth depends on online commerce activity, says Linatel Chairman
Size of e-commerce to reach $13.2bn in Egypt, UAE, KSA by 2020
The report also stated that the most difficult challenge that faces e-commerce companies is their clientsâ trust for online payment methods. 16% of the companies believe that users accept these methods, while 13% of the companies say that clients consider them unsafe.
Egyptian e-commerce market to reach $2.7bn by 2020
Egypt has most online buyers of any country in the Arab world, with 15.2 million people
Egypt 3rd in Arab region for online ticket purchases: Report
Online ticket purchases amounted to $1.9bn in Egypt, e-commerce of travel and tourism sector valued at $870m in 2014
Only 7% of Egyptians have bank accounts: PayFort
Around 20% of Egyptians perform their financial transactions electronically through credit cards
PayFort assists unbanked Egyptians to shop online with pay@store service
Company states that only 9% of Egyptians have bank accounts
Online transactions popular among youth: PayFort
75% of online purchasers are in their 30s or younger