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Financial products
Egypt sees launch of first super-app in MENA region
PaySky — the leading payment solutions provider and technology partner to Egypt Post and Visa — has been working relentlessly to bring the Egyptian Market the “Yalla Super App”; a home-grown version…
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Jumia launches payment service provider JumiaPay upon regulatory nod
E-commerce platform Jumia announced the launch of JumiaPay Egypt as a payment service provider (PSP), after obtaining the Central Bank of Egypt’s (CBE) required licences and approvals, according to a…
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Jumia cooperates with valU to provide new payment solution
E-commerce platform Jumia Egypt as well as the fintech electronic payments provider JumiaPay have partnered with valU to enable a new online payment service, according to a press release
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Egypt ranks 4th in Africa, 8th in Arab world in Internet speed in 2020
Egypt has advanced by five places in the Ookla Speedtest for internet speed in 2020, according to Minister of Communications and Information Technology Amr Talaat.
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Fawry reports jump in net profits in 9M
The consolidated financials of Fawry for Banking Technology and Electronic Payments has reported an increase in net profits to EGP 193.738 million during the first nine months of 2021 from EGP 145.198…
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VictoryLink, Etisalat Misr launch educational platform ‘The Academy’ for arts
VictoryLink for technology and marketing solutions has cooperated with Etisalat Misr to launch “The Academy” platform.
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e-finance’s profit climbs 35% in nine months
The consolidated net profits of e-finance For Digital and Financial Investments increased by 35.18% year-on-year (YoY) to EGP 374.82 million in the first nine months of 2021, compared to EGP 277.26…
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Egypt one of two most important ICT markets in Africa: Vertiv
The Egyptian market has many investment opportunities, especially due to the government’s ongoing digital transformation process, Nassif Yazbeck, Sales Director at Vertiv for digital solutions in the…
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EFG Hermes’ consumer finance arm Valu wins the Fintech company of the Year
valU, Egypt’s leading Buy-Now Pay-Later (BNPL) fintech platform, has announced that it was recognised as the Fintech Company of the Year at the Tech Innovation Awards 2021, hosted by Entrepreneur…
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Raya Holding sells 100% of BariQ for EGP 571m
Raya Holding for Financial Investments announced the conclusion of the sale of 100% or 6.5 million shares of BariQ for Techno and Advanced Industries to Intro for Waste Management and Material…
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