In May 2022, Amazon entered into an Option Agreement with EFG Holding, acquiring USD 10 million of EFG Holding GDRs. Cairo, Egypt — U Consumer Finance S.A.E., known under the trademark Valu, a subsidiary of EFG Holding, and EFG Holding are pleased to announce that Amazon has agreed to exercise its option to acquire a direct equity […]
Contact Financial Holding’s Insurance Division Shines in 1Q-25: Net Income Jumps 767% YoY to EGP 43mn. Cairo, Contact Financial Holding (CNFN.CA), Egypt’s leading non-bank financial services provider, announced today its consolidated financial results for 1Q25. The Group delivered a strong start to the year, boasting a solid 30% y-o-y increase in consolidated operating income, to reach EGP […]
Cairo, Egypt – EGBANK has joined forces with Mastercard to drive financial accessibility, expand digital payment adoption and introduce affluent new segments to the bank’s card portfolio. The collaboration aims to strengthen EGBANK’s strategy and reinforces its commitment to delivering convenient, seamless and secured payment experience. Mastercard will support EGBANK in developing its portfolio of […]
The growth was supported by improved performance across retail, treasury, corporate credit, and SME segments. Arab Finance: Banque du Caire recorded a 45% year-on-year (YoY) increase in net profits after tax for the first quarter (Q1) of 2025, reaching EGP 3.4 billion, up from EGP 2.4 billion, as per an emailed statement. The growth was supported […]
They will also work together on introducing a new standard of efficiency and consumer loyalty to F&B businesses across Egypt and Saudi Arabia. WaffarX, Egypt’s leading fintech cashback solution, has entered a new strategic partnership with DGTERA, a fast-growing provider of smart solutions in the food and beverage (F&B) and retail sectors, according to an […]
Partnership marks significant milestone in payment operations automation in GCC. [Dubai, 29st May 2025] – PayTic, a leading payment operations automation platform, today announced a strategic partnership with NymCard, marking PayTic’s entry into the GCC with its first strategic client. This collaboration represents a significant milestone in bringing advanced payment automation solutions to the rapidly growing Middle East […]
Rabat, Morocco — In a significant move toward advancing digital payments in Morocco, global payments leader Visa has announced a strategic collaboration with VANTAGE PAYMENT SYSTEMS (VPS) to enhance digital payment acceptance across the country. The partnership aims to broaden the rollout of Visa Acceptance Solutions, delivering secure, scalable, and future-ready payment infrastructure for merchants nationwide. This initiative is poised to […]
Oman: In a key step for Oman’s growing fintech landscape, AmwalPay has officially announced its integration with Shopify, becoming the first Omani payment gateway licensed by the Central Bank of Oman to be directly available for Shopify merchants. Through this integration, merchants in Oman can now activate AmwalPay as a payment provider on their Shopify stores — […]
Cross Switch, a provider of class-leading payment solutions, has strengthened its African presence by officially launching services in Kenya and partnering with licensed local payment provider Pesawise. This collaboration makes the most of Pesawise’s solid regulatory standing and trusted reputation, allowing Cross Switch to establish it’s footprint and, together with Pesawise, immediately deliver robust payment […]
Cairo – Abu Dhabi Islamic Bank – Egypt (ADIB-Egypt ) has signed a partnership agreement with Saudi Airlines to launch the first international Alfursan credit card in Egypt, in collaboration with Visa. This landmark collaboration marks the launch of the first international co-branded Alfursan card, and the card’s benefits will be tailored specifically for the Egyptian […]