Cairo, Egypt – Visa, a global leader in digital payments, has announced a strategic partnership with MDP to empower fintech companies and non-banking financial institutions across Egypt. This collaboration aims to enhance financial innovation, support market growth, and enable seamless financial services in the region. The partnership underscores the growing significance of inclusiveness and technological […]
Visa has announced the appointment of Michael Berner as the new Head of Southern and Eastern Africa (SEA), where he will oversee operations across 24 markets. Berner will report to Andrew Torre, Visa’s Regional President for Central and Eastern Europe, Middle East, and Africa (CEMEA), and will remain a key member of the CEMEA leadership […]
Egypt – XPay, a leading fintech startup, has entered a strategic partnership with Huawei Cloud Services to enhance digital payment solutions for businesses across Egypt, as per an emailed press release. The collaboration aims to strengthen XPay’s role in Egypt’s digital payment sector by using Huawei’s advanced cloud technology. “Our recent performance demonstrates the trust businesses […]
Cairo – trevi, a newly launched e-payment and loyalty app, is set to transform Egypt’s digital financial landscape with seamless, secure, and rewarding transactions. As the demand for digital financial services grows, Trevi reinforces the government’s drive toward financial inclusion, providing cutting-edge solutions tailored to the needs of today’s digital consumers. Ensuring secure transactions, trevi partners […]
UAE-based online classifieds platform Dubizzle Group has acquired the Egyptian online car marketplace, Hatla2ee, in an undisclosed deal value. With this acquisition, Dubizzle Group integrates its advanced technology and resources into Hatla2ee’s already trusted platform. Established in 2016 by Samy Swellam, Hatla2ee is an online platform where users can buy and sell new and used […]
Cairo, Egypt – February 12, 2025: Egyptian SaaS solutions provider Qme has successfully raised $3 million in a Seed funding round led by AHOY, alongside strategic investors from the Gulf Cooperation Council (GCC). The investment will fuel Qme’s expansion into Gulf and African markets, with long-term ambitions for global growth. The announcement coincided with the […]
[Cairo, February 9th, 2025] – Balad, a leading fintech company specializing in cross-border payments, proudly announces that it is the first Egyptian remittance aggregator to go live in Egypt. This milestone marks a significant expansion of Balad’s capabilities, enabling seamless, efficient, and compliant money transfers for international remittance service providers and financial institutions looking to serve […]
Egypt – Fawry for Banking Technology and Electronic Payment will launch the money transfer service soon via ‘myfawry’ app after obtaining the approval of the Central Bank of Egypt (CBE), CEO Ashraf Sabry told Ashraq Business. The EGX-listed firm intends to forge partnerships with key companies to expand business in the Saudi and Emirati markets, the […]
Riyadh, Saudi Arabia – February 2025 – AutoSoft Dynamics, a subsidiary of Constellation Software Inc. (CSI), has taken a significant step toward expanding its presence in Saudi Arabia by signing a teaming agreement with Azeemi Technologies. The agreement, formalized on the first day of the LEAP 2025 technology conference, aims to introduce cutting-edge banking solutions to the region, reinforcing […]
Taager, an Egypt-founded social e-commerce platform, has secured $6.75 million in a pre-Series B funding round led by Norrsken22, a tech growth fund focused on Africa. The investment underscores growing investor interest in the burgeoning social commerce sector within the Middle East and North Africa (MENA) region. Existing investors, including BECO Capital, 4DX Ventures, RAED Ventures, […]