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The volume of electronic payments market by 2020 will amount to $14bn
The bank is preparing to launch mVISA service for the first time in the Egyptian market
Visa signed an MoU with FEDCOC, and partnered with ITIDA and Egypt Post
Raya Holding for Technology and Communications announced the effective launch of Aman for electronic payments (e-payments) all over Egypt, according to a press release issued on Tuesday by Raya. “Aman” is a subsidiary of Raya Holding for Financial Investments. The new service will gradually spread at a fast pace within five years through the presence …
We began launching the service with a number of banks and will soon be activated with others, says Fawry CEO
Payfort, a company specialised in electronic payment services in the Middle East, has started offering customers of the Commercial International Bank (CIB) a service by which they can pay for products purchased on e-commerce websites in instalments. The instalment programme is one of the most successful means of enabling e-commerce websites to increase their sales, …
Visa acquires 61.5% of electronic payment cards market in Egypt and globally, according to Nielsen Corporation
Electronic payments added $10m to Egypt’s GDP and created 2,300 jobs per year from 2011-2015
Visa accounts for 61.5% of total cards issued worldwide, its share in Egypt is similar, says Mahfouz
Approximately 20% of the shares were acquired by the Egyptian American Enterprise Fund, 40% by Helios International Partners (on behalf of the funds it consults for), and 25% of the share was acquired by the MENA Long Term Value Fund.
Banque Misr allows companies to pay their due payments to the government from their workplaces via the internet, using the Corporate Payment Service technology.
Five new financial services sought in cooperation with banks during 2015, says Sabry
Electronic payments for taxes increase GNP by 0.75% per annum due to more liquidity available in the country, the study says
By Sunil Veetil, Regional Head of Payments and Cash Management, HSBC Middle East and North Africa Many would argue that the 1970s was the decade of innovation. It was in these years that the world saw the first handheld mobile phones, and Sony launched its first Walkman—transforming how, when and where we listen to music. …
Electronic payments specialist beat joint NBE-Banque Misr bid for the contract