Abu Dhabi, UAE: MBME Pay Payment Services Provider – Sole Proprietorship L.L.C. (“MBME Pay”), a wholly owned subsidiary of MBME Group PJSC, has received its Payment Service Provider license (Category 3) from the Central Bank of the UAE (CBUAE) to conduct Merchant Acquiring and Payment Aggregation activities. This license elevates MBME Pay into an exclusive group […]
Transfers are completed within 5–10 minutes, with a maximum limit of AED 150,000 per transaction for Türkiye and AED 36,000 for the Kingdom of Saudi Arabia. Careem Plus members benefit from zero fees and exclusive member-only rates, turning remittances into a key financial advantage. Dubai, UAE: Careem Pay, the digital payments platform within the Careem […]
Key Highlights Total Assets reached EGP 1,044,016 million, +12% YTD, up by EGP 114,151 million. Gross Loans reached EGP 498,500 million, +7% YTD, up by EGP 31,493 million. Customer Deposits reached EGP 878,769 million, +13% YTD, up by EGP 101,202 million. Non-performing Loans ratio and Total Coverage ratio of 4.58% and 118.9% respectively. Capital Adequacy […]
Cairo, Egypt: In a groundbreaking move set to transform cross-border banking for Egyptians abroad, Mashreq has become the first UAE-based bank to offer a fully digital account opening service for non-resident Egyptian customers. This innovative solution allows Egyptian nationals residing in the UAE to instantly open a Mashreq Egypt Account remotely via the Mashreq UAE mobile […]
As commerce evolves, legacy authorization systems can become availability bottlenecks – limiting acquirers’ ability to enable new payment experiences. Visa Intelligent Authorization enables modern payment processing across major global and local card networks through a single API with uptime of 99.999%, helping eliminate the need for costly infrastructure maintenance or builds. Egypt, Cairo [March 31, […]
Al-Ahly Pharos Investment Banking, the investment banking arm of the National Bank of Egypt, announced the successful conclusion of Al Ahly Securitization Company’s first securitization issuance of the 9th Program valued at EGP 2 billion, and secured by a portfolio worth EGP 2.86 billion assigned by Incolease. Al Ahly Pharos Investment Banking acted as the financial […]
Cairo – Telda, Egypt’s leading digital financial platform, has officially announced the launch of its securities investment service, marking a strategic evolution toward a fully integrated financial ecosystem. The new service enables users to invest directly in the Egyptian Stock Exchange (EGX) and various investment funds through the app, eliminating the need for traditional brokers or […]
Cairo – Beltone Asset Management has secured initial approval from the Financial Regulatory Authority (FRA) to launch “Fadda”, the Beltone Evolve Silver Investment Fund with Cumulative Daily Return, marking the introduction of Egypt’s first-ever silver-focused investment fund and a key step in expanding the country’s alternative investment landscape. The fund is designed to offer both individual and […]
Cairo: Vodafone Egypt has announced a strategic partnership with TapTap Send, one of the world’s leading international remittance platforms, enabling instant and secure money transfers from more than 30 countries directly to Vodafone Cash wallets in Egypt. The partnership aligns with Vodafone Egypt’s strategy to simplify digital payments and services, while reinforcing Vodafone Cash’s position as […]
Cairo: Basata Holding for Financial Payments S.A.E, a leading fintech company specializing in digital payments, has announced the launch of a new service aimed at facilitating users’ daily financial transactions by expanding its cash-in and cash-out services across its point-of-sale network to include all mobile wallets, after previously being limited to Vodafone Cash only. This move reflects […]