Egypt
EFG Hermes Announces Partnership With Lulu Group International In Egypt
EFG Hermes, a financial services corporation in frontier emerging markets (FEM), announced the launch of a new partnership between its NBFI subsidiaries valU for consumer finance and PayTabs Egypt with LuLu Group International in Egypt, a Middle East hypermarket and
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Egyptian Fintech Startup NowPay Signs MOU With Export Development Bank of Egypt
Egyptian fintech startup NowPay signed a Memorandum of Understanding with the Export Development Bank of Egypt (EBE) for a credit facility to fund NowPay’s current salary advances product and future development of new products. NowPay allows corporate employees to get
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Visa Supports Egyptian Fintechs With Training Programme
Egypt’s Information Technology Industry Development Agency (ITIDA) has collaborated with Visa to launch their fintech training programme for Egyptian fintech startups and entrepreneurs. The ITIDA-VISA Mentorship Programme aims to enhance cooperation in supporting entrepreneurship, encouraging startups to develop innovative fintech
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Fintech Attracts Lion’s Share of 2020 African Tech Funding
Fintech funding in Africa jumped 49.3% in 2020 to US$160 million. The amount was raised by 99 fintech startups, making fintech the dominant tech sector of 2020, a new report by regional startup news and research portal Disrupt Africa found.
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Arab Investment Bank Taps Temenos to Boost Its Digital Banking Capabilities
The Arab Investment Bank announced that it has selected Temenos, a Swiss banking software company to bolster its digital banking transformation journey. Arab Investment Bank chose the capabilities of Temenos Infinity and Temenos Payments to improve performance, drive its digital
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A Fintech Academy for Egypt
Knowledge Officer announced a collaboration with the Corporation for International Cooperation (GIZ) to launch the Fintech Academy, which is said to be the first of its kind in Egypt. Other program partners who support this initiative include Mint, Fintech Galaxy
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TPay Mobile and Vodafone Egypt Launch Digital Payment on Google Play
Vodafone Egypt, the largest mobile network operator in Egypt in terms of active subscribers and Tpay Mobile, a digital payment enabler in the Middle East and Africa, announced the launch of Direct Carrier Billing (DCB) on the Google Play store.
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Egyptian National Post Wants to Promote Egypt’s Initiative for Financial Inclusion
ENPO, one of the largest and oldest postal, financial and governmental service providers in the Middle East, has an extensive services portfolio supporting over 30 million registered as well as walk-in customers. ENPO has an extensive network of 4,000 branches
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Meet the 10 Fintechs Selected Startupbootcamp’s First Ever Cairo Cohort
Egypt’s multi-partner backed FinTech accelerator program Startupbootcamp-Pride FinTech Cairo holds its first Demo Day to present 10 graduating startups to investors, industry experts and entrepreneurship ecosystem stakeholders on the 22nd of May. The maiden programme was first announced officially in
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Fintech Startups in Egypt Stand to Gain a Cut from US$200 Mil Fund by the World Bank
The World Bank has set aside US$200 million for Egyptian SMEs hoping to create job opportunities for the kingdom’s youth. The project, called ‘Catalyzing Entrepreneurship for Job Creation’, will funnel about US$145 million to grant loans for small businesses—especially those
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