Latest in Tag: payments Highlight
Latest in Tag: payments
Tabby expands into Egypt offering flexible payments with no fees
Tabby currently ranks among the top 10 shopping apps in the Middle East with more than two million active shoppers. With Tabby’s “Split in 4” product, shoppers will be able to split their purchases into four interest-free payments at store checkouts, both online and offline
Egypt’s balance of payments records $1.5bn surplus in H2 2020: CBE
Current account deficit increases by 66.9% to $7.6bn in H2 2020
Cabinet approves 6-month leeway on tourism, private airlines utility payments
Stakeholders argue decision protects against lay-offs, hotel closures, others believe it neglects tourism companies
Egypt’s payments balance reaches $410m surplus in H1, FY2019/20
Net FDI rose $773.8m to record net inflow of $5bn by H1 of FY2019/20
valU postpones Uber programme instalment payments for three months
Uber drivers will only pay the interest rate for a 3-month period, upfront, as valU aims to shield them from COVID-19 income challenges
Fawry considers entering field of IPO payment in EGX offerings through company’s outlets next year
We have achieved great success in funding traders who previously contracted with Fawry, we plan to expand this: Okasha
Accept for Technology, Payments partners with valU for online instalments
The Accept for Technology and Payments announced a partnership agreement with valU, specialised in payment-on-instalment programmes, to avail the latter as an alternative payment method for online stores. The agreement offers online access to valU’s client base and selling proposition that allows consumers to pay on instalments over tenures between 3 and 24 months. “We …
Banque du Caire launches electronic loan repayment service, credit card payments in cooperation with Fawry
Service reduces time, effort exerted by customers, supports premium banking services: Banque du Caire CEO
Dana Gas receives additional payments of $44.3m from Egypt
Considerable part of receivables owed to Eni in amount of $1.3bn, British Gas of $1.2bn, British Petroleum of $1.4bn, Apache Corporation of $850m
85% of payments still cash, mostly in Africa: economist, former governor of Reserve Bank of India
SMEs are ideal for technology, and innovative financial solutions
Three tips to make payments easier for your customers
The payment process is the last step made by customers when they shop online. This process results in customers becoming your regular clients, and if they did not have a good experience, this would certainly affect the possibility of them coming back to purchase something from you again. Regardless of the type of products or …
Accept bringing digitalisation to world of payments in Egypt
The people behind Pay Mob just launched a sister company, Accept Payments, and are helping businesses grow by offering a single solution for companies to accept different payment methods for their products and services. These payment methods include cash and card on delivery, cash collection, mobile wallet payments, kiosk payments, and online card payments. “Our …
Visa launches first “Everywhere Initiative” in MENA to foster regional payments innovation and Fintech Entrepreneurship
Visa to award $100,000 to developers in the region addressing three payment related challenges
70% decline in payments of credit cards abroad within 3 months
Foreign payments amounted to $226.7m at the end of March, $751.4m in the same period of 2016
Egyptian bankcards used to complete $2.5bn worth of transactions abroad in FY 2015/2016
Banks have received clear instructions to suspend cards that are being misused, says CBE deputy governor
KIMA builds $60m reserve to secure future payments to Tecnimont
The Egyptian Chemical Industries Company (KIMA) has managed to build a reserve of foreign cash worth $60m through exports. The reserve will be used to ensure that the company can fulfil its future payments to Italian company Tecnimont, which is establishing KIMA’s new ammonia plant and the project to rehabilitate factories to operate on natural …
TDA refuses to cancel fines due to delayed payments on projects under construction: Tourism Ministry official
Delayed instalments from investors who obtained lands from TDA amount to approximately $118m
Balance of Payments registers deficit of $3.7bn in first quarter of FY 2015/2016: CBE
The Central Bank of Egypt (CBE) announced Wednesday that the Balance of Payments (BOP) registered a deficit of approximately $3.7bn in the first quarter (Q1) of this fiscal year (FY) 2015/2016 compared to a surplus of approximately $410m during the same period in FY 2014/2015. BOP addresses Egypt’s economic transactions with the international market. CBE …
Egyptian society greatly dependent on cash dealings: Visa Egypt Chairman
Reliance on smart cards will significantly contribute to the development of the economy, and with every EGP 1bn paid with smart cards, the gross domestic product (GDP) increases by 1%, Mahfouz continued in statements last week.
Cash payments on their way out in Denmark
Cash-free payments are quite common in Denmark. People there use credit cards not only to pay for big-ticket items, but also for small things like hotdogs, and this trend cannot be reversed.
Only 2% of total individual payments paid electronically in Egypt
Electronic individual payments can increase by 20% in seven years if supported by government, says Regional Manager of Visa
CBE regulates 20m electronic payment cards: Head of CBE payment systems
Electronic payments market in Egypt growing says Ahmed Faragallah
10% of Egyptians use prepaid Visa cards: MENA director of prepaid products
MENA top region for total volume of prepaid card usage with 82.6% growth in the last year, says Sumit Tyagi
400% increase in mobile payments in 2014: EMP Chairman
Around 25% of global economy involves mobile payments, says Paul Edwards
Visa collaborating with government on online payment services: Visa’s general manager
Daily News Egypt interviews the General Manager of Visa in the North and Francophone Africa region Tarek Elhousseiny