Egypt’s mobile wallet transactions surge 160% to EGP 233bn in 2021
31,000 companies registered on e-invoice platform for B2B transactions
Latest in Tag: transactions Highlight
Latest in Tag: transactions
Egypt’s Al-Ahly Momken eyes EGP 1bn in monthly transactions, deploys 40,000 POS
NBE invests EGP 150m to upgrade Momken infrastructure
Banks in Egypt switch to IBAN standard to ease cross-border transactions
IBAN used in international transfers, standard method for accurate identification of bank accounts
Bad timing for increasing stamp duty on EGX transactions amid low trading: Sigma Capital
The Parliament’s planning and budget committee raised on Wednesday the stamp duty on stock market dealings as part of a draft law submitted by the government and scheduled for discussion in a plenary session next Sunday.
FRA moves to reduce fees on EGX transactions by 41%
The committee also recommended reducing the expenses of the Investor Protection Fund by 50% to 0.00005%, down from 0.0001%, and cut fees on trading on stocks listed on the EGX by 50%.
EFG Hermes accounts for 33.5% of EGX transactions in July
EFG Hermes conducted EGP 8.2bn of transactions thanks to institutions deals
MENA M&A transactions records $112bn in H1 of 2019
Egypt ranked second in among targeted inbound M&A countries with $721m
EGX raises transactions value minimum, sets closing price at EGP 30,000 as of Tuesday
Decision would have positive impact on trading volumes during upcoming period, says Aswaq managing director
EFG implements 25% of Q2 transactions worth EGP 36.2bn, acquires 59.6% of transactions market
With a major difference, CI Capital ranks second with transactions worth EGP 12.9bn, HC ranks third
Size of electronic payment transactions in Arab region expected to reach $69bn by 2020: Payfort
Electronic payments grew by 50% in Egypt during 2015
Companies express concern over decision to prohibit international credit card transactions
CIB prohibited international credit card transactions as trial before decision is officially implemented, expects Reda
Qalaa’s ASEC Cement sells stakes in 2 firms to Misr Cement Qena
The transaction, worth approximately EGP 1bn, is expected to take place on 20 November
High levels of liquidity support raising stock market
Transactions of Egyptians and Arabs tended towards buying, while foreigners’ transactions tended towards selling
Fawry changing the culture of payment in Egypt: Top management
Daily transaction rate has gone up from 1,000 per day by the end of 2009 to over 1m, says CPIO
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 …
Electronic payments benefit people excluded from formal financial services: MasterCard Country Manager
In an exclusive interview with the Daily News Egypt, Magdy Hassan, Country Manager of MasterCard Egypt, highlighted the programmes and services the credit card provider offers. He also highlighted the “Road to Inclusion Report” adopted by MasterCard.
Abraaj open to offers for shares of Cairo Medical Centre, Cairo Investment and Real Estate Development (CIRA): Managing director
Abraaj Capital Group is monitoring new direct investment opportunities to acquire companies in different sectors, counting on political stability
Non-cash transactions in Egypt up to 7%; consultations underway with CBE for electronic services: Bankers
The size of non-cash transactions in Egypt has reached approximately 7%, the head of business at MasterCard Egypt said during the People and Banks conference on Thursday. He added that non-cash transactions have reached “90% in France and Belgium, 80% in America, 60% in Korea and Japan, 30% in the UAE, 20% in Saudi Arabia, …
Online transactions popular among youth: PayFort
75% of online purchasers are in their 30s or younger
CAO seizes Medical Syndicate’s accounting documents
Egyptian Medical Syndicate gave out EGP 25m in off-the-record loans and accepted donations from uncertified companies
Closing price mechanism to be launched Thursday
The Egyptian Stock Exchange (EGX) will implement a new closing price mechanism on Thursday. Egypt’s financial watchdog, the Egyptian Financial Supervisory Authority (EFSA), approved the new regulations for changing stocks’ closing prices, as suggested by EGX board of directors, on 28 August in an effort to impose more discipline over trading operations. The new regulations …