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 […]
Islamabad, December 1, 2025: Askari Bank Limited has entered into a strategic partnership with Autosoft Dynamics (Pvt.) Limited, a leading provider of banking technology solutions, to implement a state-of-the-art Digital Lending and Loan Origination System (LOS). This collaboration marks a significant milestone in the Bank’s digital transformation journey and reinforces its commitment to redefining customer […]
Cairo, Egypt: CI Capital Asset Management (CIAM), a subsidiary of CI Capital Holding (CICH.CA) – a diversified financial services group – owned by Banque Misr, announced the successful closing of the “Gold Misr” Fund. The Shariah-compliant gold investment fund with cumulative daily returns and prize draws, has exceeded expectations with a subscription coverage of more than […]
76% trust digital payments; 86% anticipate increased usage in the next 12 months 85% are likely to act on messages commonly used by scammers, including clicking on a link or responding to the sender Cairo, Egypt, 20 November 2025: A recent study commissioned by Visa highlights strong consumer awareness and adoption of digital payment security […]
Egypt – Dalia El-Baz, Chairperson of Egypt Post, announced the launch of the “Felousy” application — the first fully integrated digital platform in Egypt dedicated to investing in investment funds. The platform is operated through PFI Investment Services, a company licensed by the Financial Regulatory Authority and wholly owned by Post for Investment (PFI), the […]
Cairo : Al Baraka Bank Egypt has reinforced its position as a leading Islamic bank by delivering exceptional financial results for the first nine months of 2025, supported by stronger operating activity and diversified income streams. This positive performance was reflected across all key financial indicators, underscoring the success of the bank’s strategy in achieving sustainable […]
Cairo: Basata Financial Holding and Edge Holding for Investments are proud to announce a new strategic partnership in Basata Microfinance, one of Egypt’s leading players in the microfinance sector. Under the terms of the agreement, Edge Holding will acquire, through a capital increase, a 30% equity stake in Basata Microfinance and assume management responsibilities to support […]
Cairo, Egypt — Telda, Egypt’s leading digital financial platform, today brings its customers Apple Pay, a safer, more secure and private way to pay that helps customers avoid handing their payment card to someone else, touching physical buttons or exchanging cash — and uses the power of iPhone to protect every transaction. Customers simply hold their […]