• Monday, 4 January 2021

    Is this the quarter when micro projects start going legit?

    Small and micro projects are being urged to adopt digital payments by the Financial Regulatory Authority, which has launched its Digital Financial Inclusion for 2021 initiative in a bid to speed up the formalization of the economy and the transition...
  • Monday, 28 December 2020

    Covid may have sparked a fintech revolution

    2020 was the year e-payments went mainstream: Central bank data from around the world has shown the pandemic has coincided with a strong increase in the use of a range of fintech products. The use of digital payments and remittance...
  • Wednesday, 23 December 2020

    Also on our radar on 23 December 2020

    Al Azhar issued a fatwa confirming that joining the Ikhwan is religiously forbidden on grounds that the group has engaged in “distorting some texts, taking them out of their context, and using them to achieve personal goals or interests and...
  • Tuesday, 8 December 2020

    Central bank extends PoS drive

    The Central Bank of Egypt is pushing ahead with a plan to have 1 mn point of sale machines in use nationwide within three years, CBE Deputy Governor Rami Aboul Naga said yesterday (pdf), positioning the move as part of...
  • Wednesday, 25 November 2020

    Central bank plans digital infrastructure company to support financial inclusion

    The Central Bank of Egypt’s financial inclusion strategy seems to be moving forward after the bank yesterday set up a company to develop tech infrastructure and support digital payments, suggests a local press report. The central bank will hold a...
  • Tuesday, 24 November 2020

    Central bank working on new financial inclusion strategy -Amer

    A national strategy for financial inclusion is in the works at the Central Bank of Egypt (CBE), Governor Tarek Amer said during the Cairo ICT expo, according to Al Mal. The central bank and state statistics agency Capmas are working...
  • Tuesday, 3 November 2020

    Raseedy rolls out independent digital wallet with SAIB Bank, Mastercard

    Cairo-based telecoms app Raseedy has launched a digital wallet in partnership with SAIB Bank and Mastercard, according to a press release (pdf). The product, which Raseedy bills as the country’s “first independent” digital wallet, allows users to transfer money, make...
  • Wednesday, 21 October 2020

    How Ashraf Sabry’s 20-year work experience helped him push Fawry to success

    You don’t need to be at the start of your career to launch a startup: Fawry CEO had 20 years of experience in the corporate world before launching Fawry. His time with IBM and Raya gave him a better sense...
  • Wednesday, 21 October 2020

    What we’re tracking on 21 October 2020

    All anyone is talking about this morning is … the weather. Heck, we know folks who have canceled vacation days because of it. (In fact, some of us may be those people…) We’ve got a six-day stretch of bad weather...

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