Latest in Tag: fintech Highlight
Latest in Tag: fintech
Orascom Financial Holding, EXCEL partner to launch fintech company
This partnership marks an important step towards the implementation of the company’s strategy working towards financial inclusion and digital transformation in Egypt’s financial sector.
CBE celebrates winners of ‘FinYology – FinTech for Youth’ Initiative
Initiative organised by FinTech Egypt encourages young talents to participate in creating FinTech innovative solutions, promote financial inclusion
11 FinTech startups showcase solutions for COVID-19 challenges at Innovation Sprint events
Initiative endorses CBE’s direction in expanding technology, use of convenient financial services to meet market needs, says Rami Abulnaga
National Bank of Egypt launches new fintech platform
NBE’s Tamkeen for microfinance acquires 75% of e-payment company Momken
Fierce competition between lenders, Fintech, Big Tech marks financial services post-COVID-19
One major change in the past year has been to turn what we historically did face-to-face into an online activity: and that is using video conferencing for meetings; shopping online; restaurant delivery; day-to-day digital banking; and the list goes on.
Brokerage, asset management firms to be replaced by technological apps in 10 years
Mubasher Capital activates custodian services, gets close to acquiring company for investment funds
DFS Lab announces FinTech, Digital Economy Design Sprint to address COVID-19 challenges
Three-day innovation sprint will take place in March 2021
ElGameya appoints Amr Aboelazm as Non-Executive Chairperson, Ahmed Mahmoud as CEO
Aboelazm comes with proven track-record extending over 28 years in banking and financial services
Equity financing best option for fintech firms to fund expansion
Equity financing helps companies raise money to fund their working and expansion capital needs via stock issuance.
NowPay fintech startup raises $2.1m in seed funding round
The new funds will be deployed to deepen the platform’s capabilities, expand its team, and establish its footprint in the Middle East and North Africa (MENA) region and beyond.
FRA approves draft law regulating fintech in non-banking financial activities
FRA Chairperson Mohamed Omran said that the approval will support the Egyptian state’s adoption of a policy providing a remote work environment based primarily on the safe exchange of information and supervision.
Prime Holding ventures into fintech through newly established company
The company’s establishment follows on from a Financial Regulatory Authority (FRA) initiative providing further regulation and governance of Egypt’s consumer finance industry, covered by Law Number 18 for 2020 that was issued in March.
Disruptech in advanced talks to invest in new fintech start-up
Okasha submitted his resignation from the Board of Directors of e-payment services company, Fawry, in March, to establish the Disruptech Fund. Fawry is set to be one of the investors in the new fund, which focuses on investments in Egypt with a target budget of $25m.
Fawry’s co-founder to establish $25m FinTech-focused VC fund
Fund’s promotional campaign to start after coronavirus crisis ends
Egypt’s Fawry, PaySky win Citi MENA Fintech Challenge
The Citi MENA Fintech Challenge offered the region’s Fintech community the opportunity to put their ideas into practice and come up with innovative solutions around four identified problem statements: digitising cash collections; assured payments, Business to business to consumer (B2B2C) enablement, and digitising trade processes.
2nd edition of E-commerce summit to tackle fintech, digital transformation in Egypt
The most advanced fintech players in the Egyptian market are the payment service providers and mobile wallets and both have been widely adopted by banks and telecom providers.
Seamless NA 2019: MerQ among top 5 emerging companies specialised in FinTech
MerQ’s participation comes within the framework of supporting the state’s strategy and the Central Bank of Egypt (CBE) to spread awareness of financial inclusion
CBE selects its historic building in downtown Cairo as the headquarters of FinTech Hub
Bank is launching its FinTech Hub, begins pilot phase in June
Cairo hosts Seamless North Africa 2019 conference on 17 June
Conference focuses on trends, innovations in financial technology
Citi invites Middle East, North Africa, Pakistan, Turkey Fintech Community
Group renews support to ‘Skills for Success: Employability Programme’ with AMIDEAST
AlexBank, SBC, Pride Capital partner to bring world’s biggest FinTech accelerator to Egypt
The Fintech accelerator programme is considered the first of its kind in Egypt, and will sustain 11 start-ups, both from Egypt and abroad, to accelerate the Central Bank of Egypt’s goal of making Egypt a global FinTech hub.
Startupbootcamp-Pride FinTech Cairo holds first Demo Day
The Demo Day comes after a three-month intensive acceleration programme, more than 180 one-to-one matchmaking sessions, awareness, engineering, validation, pitching, and growth-hacking modules, all resulting in 14 proof-of-concept engagements.
Vapulus launches world’s first free e-payment portal
Unlike all global players and e-payment processing companies, Vapulus launched its portal without subscription fees and no fixed fees per transaction.
Egypt, Morocco implement important fintech initiatives for modernisation of payment systems: IMF
IMF conducted survey on countries’ views on BFA’s priorities
Visa’s fast-track programme empowers start-ups in region with access to visa net capabilities: Otto Williams
Visa’s fintech fast-track programme empowers start-ups in the region with access to visa net capabilities, the Head of strategic partnerships, fintech, and ventures for Visa Central and Eastern Europe, the Middle East, and Africa (CEMEA), Otto Williams, stated. In an interview with Daily News Egypt, Williams talked about the company’s new fast-track programme, how the …
Visa announces fintech fast-track programme in Central, Eastern Europe, Middle East, Africa
Regional FinTechs will be able to connect to Visa’s payment network in four weeks
Wirecard: German fintech star's shares fall after police raid Singapore offices
Singapore police have raided the offices of the German payment company on suspicion of fraud. Hailed as a market champion, it has been dogged by fraud accusations, losing 22 percent of its market share since January 1.Police in Singapore announced Friday that they had raided the offices of German payment company Wirecard on suspicion of …
Banks move toward digitisation, fintech
NBE launches first e-service branch; Banque du Caire to introduce first smart branch
CIB establishes CVentures, Egypt’s first corporate venture capital firm primarily focused on Fintech startups
Establishment of CVentures is evidence of CIB’s profound commitment towards supporting Egyptian financial sector: Abaza
Egypt’s Fintech venture, carrying hopes for inclusions, stumbled by lack of awareness
There is no denying that the world has revolutionised every aspect of modern society, from business to communication to entertainment. With the spread of high-speed internet throughout the entire globe, information is more accessible than ever before. All these lead to increasing numbers of mobile devices and cloud services, cross border payments, decreasing trust in …