Cairo, Egypt – Giza Systems, a leading digital transformation enabler in the MENA region, has signed a Memorandum of Understanding (MoU) with Egypt Ventures, a government-backed venture capital firm. This strategic collaboration is set to foster innovation in the healthcare and fintech sectors by connecting Egyptian startups with Giza Systems’ vast expertise in digital transformation […]
Just2Pay and Swypex Partners to Enhance Financial Operations for Businesses in Egypt
Cairo, Egypt – Just2Pay and Swypex, two leading fintech companies specializing in financial solutions, have announced a strategic partnership aimed at enhancing financial operations and providing innovative, secure solutions for businesses in Egypt. Under this partnership, Just2Pay’s advanced business management systems will be integrated with Swypex’s cutting-edge payment solutions, offering businesses a seamless and efficient […]
KFH rebrands Ahli United Bank Egypt to KFH Egypt
Kuwait Finance House (KFH) Group has announced the official rebranding of Ahli United Bank – Egypt to Kuwait Finance House Bank – KFH Egypt, following its full acquisition of Ahli United Bank Group – Bahrain, as per an emailed press release. The bank has now fully transitioned to operating under Islamic banking principles as part […]
Mastercard, Money Fellows, and Banque Misr Launch First ROSCA Model Prepaid Card in Egypt
Cairo, Egypt: Mastercard announced a collaboration with Money Fellows, a mobile app for money circles, also known as ROSCA model (Rotating Savings and Credit Association) and Banque Misr to launch Money Fellows prepaid card in Egypt. This prepaid card will enable Money Fellows to offer financial planning, savings, and credit access to its users in Egypt. Driven […]
Sylndr and TRU launch the first Integrated Digital Platform for Car Financing in Egypt
Cairo, Egypt – Sylndr, Egypt’s leading platform for buying and selling used cars, in collaboration with the TRU App, has announced the launch of “Sylndr Swift Powered by TRU,” the country’s first fully-integrated digital car financing platform. By combining advanced digital application procedures with certified vehicles from Sylndr, the new platform aims to redefine the […]
Egypt-based Paymob Secures Retail Payment Services License from the Central Bank of UAE
DUBAI, UAE: Paymob, the leading financial services enabler in MENA-P, announces it has been granted the Retail Payment Services License by the Central Bank of the UAE (CBUAE) after successfully meeting all regulatory conditions and requirements through a rigorous approval process. The license authorizes Paymob to offer merchant acquiring, payment aggregation services, and domestic fund transfers […]
Visa brings Apple Pay to its customers in Egypt
Egypt – Cairo — Visa, a world leader in digital payments, today brings Apple Pay to its customers in Egypt. Apple Pay is a safe, secure and easy way to pay in-store, in-app and online. To pay in-store, customers simply double-click the side button and hold their iPhone or Apple Watch near a payment terminal […]
Al Baraka Bank Egypt Maintains Islamic Banking Leadership
Cairo, Egypt – Al Baraka Bank Egypt serves as a leading example in the Egyptian banking sector, being one of the most prominent financial institutions in the Islamic banking sector for over 40 years. In 2024, the bank achieved several significant milestones while continuing to provide innovative Sharia-compliant banking services, while playing a crucial role in digital […]
Orascom Development Appoints Hazem Helal as CEO of O West, Makadi Heights, and Byoum
Cairo, 15 January 2025: Orascom Development, the leading international developer of vibrant, integrated communities across Europe, the Middle East, and North Africa, has announced the appointment of Hazem Helal as the CEO of O West, Makadi Heights, and Byoum by Orascom Development. In support of Orascom Development’s ambition to be an international developer of prime […]
Four MENA Countries Stand Out with their Highly Mature Fintech Strategies
Arab Advisors Group released a new research report exploring the growing fintech market in the Arab World. The report expands on the current fintech landscape in the Arab region, covering the fintech regulatory frameworks, licensing, legality of cryptocurrency, fintech goals and initiatives, challenges and governmental vision for the sector in 19 Arab countries. Moreover, Arab Advisors […]