Cairo, Egypt – In an exclusive interview with CNN Economics, Malak El Baba, Executive Vice President of Visa Egypt, revealed that digital transactions currently account for only 5% of Egypt’s economy. El Baba emphasized the urgent need for digital financial solutions to support both individuals and businesses, highlighting Visa’s commitment to broader financial inclusion. This […]
Cairo, Egypt — In a landmark move toward enhancing digital transformation and financial inclusion in Egypt, eNovate, a subsidiary of eFinance Investment Group for Financial and Digital Investments, has announced a strategic partnership with Belbaqy, a pioneer in innovative micro-investment solutions. The partnership aims to introduce cutting-edge financial tools tailored to the needs of individuals […]
Cairo, Egypt – December 2, 2024 BanknBox, a leading digital banking and payment solutions platform based in Cairo, has announced a strategic partnership with Al Ahly Momkn, a prominent e-payments and fintech company in Egypt. This collaboration aims to revolutionize payment acceptance services across the country through advanced technology and innovative solutions. The partnership focuses […]
Cairo, Egypt – November 27, 2024: Paymob, the leading financial services enabler in the MENA region, and Homzmart, Egypt’s premier e-commerce platform for furniture, have signed a Memorandum of Understanding (MOU) to strengthen their strategic partnership. The collaboration aims to accelerate the digital transformation of Egypt’s furniture retail sector and explore regional expansion opportunities in […]
Cairo, Egypt – November 29, 2024 The National Security Services Company (SAFE), a leading entity under Saudi Arabia’s Public Investment Fund (PIF) spearheading transformation in the security services sector, has signed a memorandum of understanding (MoU) with Egypt’s eFinance, a premier fintech firm specializing in electronic payment and collection services. The announcement was made during […]
Hong Kong, 26 November 2024—Invest Hong Kong (InvestHK) has announced the opening of a new office in Cairo, Egypt, marking a strategic move to enhance its efforts in attracting companies from the Middle East and North Africa (MENA) region to establish or expand their businesses in Hong Kong. This milestone also aims to foster deeper […]
Cairo, November 25, 2024: Today, BM Consumer Finance, a leading consumer finance company, announced the successful conclusion of EGP 478mn securitized bond issuance for Capital for Securitization. CI Capital (CICH.CA), the leading diversified financial services group, acted as the issuance manager and principal coordinator for the transaction. This move aligns with the company’s strategy to […]
Cairo, Egypt, November 24, 2024 – The International Finance Corporation (IFC) has announced a $150 million financing package for the Commercial International Bank (CIB), Egypt’s leading private sector bank. This strategic move aims to enhance CIB’s capital base, empowering it to extend greater support to micro, small, and medium-sized enterprises (MSMEs), including women-owned businesses, across […]
Cairo, Egypt – : PayTabs Egypt, a leading payments solutions provider in the MENA region, has announced a strategic partnership with Azimut Egypt, a prominent multinational investment manager. This collaboration marks a significant milestone in Egypt’s financial landscape by enabling Azimut customers to top up their trading accounts and investment funds on the azinvest platform using […]
Dubai, UAE – FOO, the award-winning B2B Software as a Service (SaaS) solutions provider, has announced a strategic partnership with eNovate, Egypt’s premier digital payment solutions provider, to enhance eNovate’s product portfolio and accelerate innovation in Egypt’s financial services sector. Driving Innovation in Egypt’s Financial Landscape As an independent subsidiary of eFinance Investment Group (EFIG), […]