The rebrand represents a clearer expression of what the company has already built and where it is headed next. Image Courtesy: Modupay. Cairo, MDP, the leading regional payments technology provider, has announced its rebrand to Modupay, reflecting the company’s growth into a modular, end-to-end payments platform serving banks, fintechs, telcos and non-banking financial institutions across […]
The Central Bank of Egypt (CBE) has launched a contactless electronic payment acceptance service through smart devices, as per a statement issued on February 1st. This will allow merchants to accept payments using mobile phones or tablets via Soft POS applications. The step supports the CBE’s efforts to reduce cash usage, expand financial inclusion, and […]
Egypt – Contact, a leading provider of non-banking financial services in Egypt, has signed a memorandum of understanding with Al Safy Group to establish a strategic partnership aimed at enhancing the financing experience through innovative, technology-driven financial solutions. The partnership introduces, for the first time in the Egyptian market, a financing model that combines Contact’s […]
Cairo, Egypt: Al Ahli Bank of Kuwait – Egypt (ABK-Egypt) and Mastercard announce a strategic collaboration, unlocking a new phase of cutting-edge consumer, commercial, and digital payment solutions. This collaboration reinforces Mastercard’s role as ABK-Egypt’s trusted advisor while advancing the bank’s digital solution offering for cardholders in Egypt. Accordingly, Mastercard will equip ABK-Egypt with advanced digital solutions […]
AmwalPay has announced a strategic partnership with Bank Nizwa, reflecting a broader shift in how banks approach the enablement of digital payment services within the Sultanate of Oman. Under this partnership, AmwalPay enables Bank Nizwa to offer digital payment services to its merchants under the bank’s own brand, identity, and commercial framework. Bank Nizwa retains […]
Cairo, Egypt – Arab Financial Services (AFS), A premier digital payment and fintech solutions provider in the Middle East and Africa, is pleased to announce that its Egyptian subsidiary has received a SoftPOS license from the Central Bank of Egypt (CBE). This regulatory approval has enabled the company to launch the service nationwide, making AFS Egypt one […]
Cairo: Bank NXT, a leading provider of integrated retail and corporate banking solutions in Egypt, signed a Memorandum of Understanding (MoU) with a consortium comprising of Frankfurt School of Finance & Management, and Chemonics, as part of the German development programme, Green Recovery for the Egyptian Economy Transformation (GREET). The MoU establishes a framework for cooperation […]
Cairo: Drive Finance, a non-banking financial company specialized in consumer finance and a subsidiary of GB Capital, the financial services arm of GB Corp, has successfully completed its sixth securitization bond issuance, valued at EGP 2.4 billion. This issuance marks the first tranche under Drive’s EGP 25 billion securitization program, executed with the support of its […]
Cairo, Egypt – In a move aimed at promoting financial inclusion and providing new payment channels for all segments of Egyptian society, tpay, the leading value-added services provider, announced today the signing of Egypt’s first license with the National Telecom Regulatory Authority (NTRA) to offer Direct Carrier Billing (DCB) for government payments. This milestone represents a […]
Cairo, Egypt – Egypt’s fintech giant Fawry for Banking Technology and Electronic Payment has announced the establishment of Fawry Holding for Financial Investment, a new umbrella entity designed to expand the company’s investment portfolio and bring all of its subsidiaries under a unified structure. The new holding company launches with an authorized capital of EGP […]