Latest in Tag: Visa Highlight

Advertising Area



Latest in Tag: Visa


visa shopping

Usage of cards abroad dropped by 55% following flotation: CBE

Egyptians usage of cards abroad dropped by a value of $223m in November and December 2016, following the Central Bank of Egypt (CBE) decision to float the national currency—a drop of 55% compared to the same months in 2015. In a press release on Tuesday, CBE stated that data from banks indicate that payments via …

Hossam Mounir

dw 36806272 403

Kazakhstan lifts visa requirements

Kazakhstan said it had lifted visa requirements for citizens of the European Union, OECD countries and a number of other states in a bid to boost investment and tourism.The move, which follows a similar measure by neighbouring Uzbekistan, comes as Central Asia’s largest economy has been battered by low oil prices and financial distress in …

Deutsche Welle

7 1 Tarek Elhousseiny General Manager of Visa in the MENA region Courtesy of Visa

Egypt’s consumer spending amounts to $156bn: Visa general manager

Consumer spending in Egypt reached $156bn, though the use of electronic payments accounts for only 2% of that sum, general manager for Visa in North and West Africa Tarek Elhousseiny said. This small share of electronic payments in Egypt shows a great opportunity for everyone to work on the spread of this type of payment, …

Hossam Mounir

IMG 0228

e-finance in cooperation with Visa, MasterCard to issue 5m smartcards

The financial institutions operation company e-finance aims to achieve revenues worth EGP 500m in 2017. The company’s priority is expanding in northern and central African markets to implement its expansion plan in the region so as to open its resources of US dollar income. CEO Ibrahim Sarhan told Daily News Egypt that the production capacity …

Karim Salah

visa shopping

Visa and Carrefour aim to reward customers, expand card use in Egypt

Visa teamed up with Carrefour in Egypt to provide reward cardholders of participating banks with exclusive promotions and discounts. The move comes as part of the companies’ aim to expand electronic payment usage in Egypt, which currently accounts for less than 2% of all purchases, according to Visa statistics. The banks participating in the campaign …

Daily News Egypt