Contact Financial Holding has signed an agreement with Fawry to expand their partnership by integrating Contact’s buy now, pay later (BNPL) service across Fawry’s payment network, which includes over 370,000 points of sale and its online platform.

Ibnsina Pharma has signed a cooperation protocol with fintech company Stryve to provide pharmacies with enhanced electronic payment options.

Microfinance Services Company Reefy has signed a strategic cooperation agreement with Damen epayment to integrate microfinance services with digital payment solutions, offering comprehensive options to customers and enhancing their experience through improved accessibility.

PayTabs Egypt has forged a new partnership with Ollin, the lifestyle financing platform launched by Egypt’s non-banking financial institution Global Corp.

Contact CrediTech, a digital finance solutions provider and a subsidiary of Contact Financial Holding, has signed a cooperation agreement with the advertising and marketing automation firm Converted Pay.

Contact Pay, a subsidiary of Contact Financial Holding, has signed a partnership agreement with a subsidiary of Basata Holding for Financial Payments to bolster the e-payment infrastructure in Egypt.

The National Organization for Social Insurance (NOSI) has signed a cooperation protocol with the National Bank of Egypt (NBE) and Fawry for Banking Technology and Electronic Payment to activate e-payment mechanisms for several entities.

Fawry for Banking Technology and Electronic Payment (FWRY) expects to begin operations in Saudi Arabia before the end of the year.

Mobile wallet transactions in Egypt soared by 112% in 2023, reaching EGP 1.3 trillion.

Fawry has launched new and advanced services on its MyFawry Yellowcard prepaid card.

E-payments firm Damen joined forces with BKN301 Group, a digital payments and banking-as-a-service provider in the MENA region, to introduce the Damen Cash mobile application, as per an emailed press release.

The Central Bank of Egypt (CBE) has exempted customers from all fees related to bank transfer services executed via electronic channels in the Egyptian pound.

Egypt has raised EGP 8.1 trillion via 607.3 million transactions conducted through its e-payment and collection system from May 2019 until November 2023, Minister of Finance Mohamed Maait revealed in a statement on January 1st.

The Central Bank of Egypt (CBE) is planning to provide a license to fintech companies that allow them to link their issued e-payment cards with InstaPay in 2024.

Egypt has raised EGP 7.8 trillion through its e-payment and collection system since its launch in 2019, Minister of Finance Mohamed Maait revealed on the sidelines of the 27th edition of the International Technology Exhibition and Conference for the Middle East and Africa (Cairo ICT 23).

Banque du Caire has signed a cooperation protocol with the National Authority for Military Production to provide e-payment and e-collection services to the latter as well as to the Ministry of Military Production.

Banque Misr will launch, in cooperation with the UAE-based telecom operator e& Egypt, an e-payment company with capital of EGP 500 million before the end of 2023.

Banque Misr signed a cooperation agreement with Tatweer Misr to provide e-payment solutions within the company’s smart cities.

Network International, an e-payment solutions provider across the Middle East and Africa (MEA), has pumped EGP 1 billion in investments to ramp up economic growth in Egypt via bolstering digital payment solutions.

Fawry has signed a cooperation protocol with the non-bank consumer finance firm BM Consumer Finance Souhoola to enhance e-payment services for merchants.