Latest in Tag: e-payments Highlight
Latest in Tag: e-payments
Total of 13.5 million transactions worth EGP 37bn take place through government electronic collection points
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.
The value and final percentage of the offering will be announced upon completion of the fair value study.
Fawry sees shares jump 300% within 12 months, encourages electronic payment companies to get listed
86% of consumers trust contactless transaction technology, 69% support payment with QR code: survey finds out
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.
Establishment of new auto finance company has been completed, its activity starts last month
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.
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.
As Council’s newest participating organization, Fawry is to recommend new initiatives for consideration to the PCI SSC
Banks issued 3.5m Meeza cards until end-October, says CBE Deputy Governor
Visa seeks to expand acceptance of digital payments in Egypt in cooperation with financial institutions, Egyptian government, FEDCOC, service providers
FV of company’s shares being determined before approval, completion of offering procedures: Okasha
Partnership includes identifying means of managing smart card service, follow-up implementation
50% projected growth in e-payment next year: Okasha
Collaboration between CBE, Sweden in e-payments, says ambassador
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, …
We are negotiating with four investors to sell 10% of company’s shares for EGP 5m says El-Ashry
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 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 ‘touched to pay’ three billion times in the last 12 months, cementing contactless payments’ ‘growing popularity, says Visa
The market can absorb more competitors, and we will provide a different service, says Chairman
The company is preparing to launch new services and access 17 million users
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 …