Masary targets doubling POS to reach 150,000 POS end 2020, has 30% market share: Chairperson, CEO
FinTech forefront of financial inclusion in Egypt, we aim to process 2m transaction daily end 2019, says Nagy
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CBE regulates banks transactions with technical payment aggregator, facilitators
Boards of directors shall ensure banks’ plans match reliance on these companies, analyze risk associated with these services
Period of inspections, payment for coded electricity meters extended for 2 months
Council of Ministers competent authority to open door to receive new applications: al-Far
Egyptian government has bold vision to develop, digitise its economy: Visa CEO
Migration to digital payments improves lives of individuals, spurs economic progress, prosperity
Mastercard announces roadmap for consistent contactless payments
Middle East, Africa recorded a 27-fold increase in contactless transactions in 2017
Transfast looks to expand in Egyptian market as it launches new cross-border payment platform
Company signs contracts with local banks, including CIB, United Bank, to facilitate money transfer
Jumia negotiates a number of banks to offer new payment solutions to buy online
We will soon launch the instalment service in cooperation with Aman Financial Services, says Safwat
Visa helps merchants easily adopt new, global specifications for QR code payments
Visa Ready Program simplifies onboarding for small and medium-sized merchants who want to deploy QR Code digital payments
Bee launches donation services for Misr El Kheir
Sacrifice cheques activated through Bee Mobile: Abu Khadra
Real estate developers offer properties with 0% down payment at Cityscape
Cityscape exhibition has grown by close to 10% in the current year, says exhibition director
mVisa to expand to Egypt and nine other countries
mVisa will allow merchants around the world to immediately accept digital payments
Devaluation came on time, solved deferral payment problems due to lack of foreign currency: Nissan
The Japanese company Nissan, one of the top sellers in the Egyptian market, will participate in the third annual Egypt Automotive Summit to discuss the challenges currently facing the Egyptian market and what automotive companies will need from the government. Daily New Egypt interviewed Isao Sekiguchi, the managing director of Nissan Egypt, to understand …
Egypt’s consumer spending amounts to $156bn: Visa general manager
Consumer spending in Egypt reached $156bn, though the use of electronic payments accounts for only 2% of that sum, general manager for Visa in North and West Africa Tarek Elhousseiny said. This small share of electronic payments in Egypt shows a great opportunity for everyone to work on the spread of this type of payment, …
Positive future for payment solutions in Egypt: MasterCard MENA division president
Egypt ranks high on mobile payments index
A15 partners with PayMob to boost electronic payment sector
40% more credit cards, 36% more debit cards in use since 2010, according to CBE
14 million citizens consume electricity without payment: cabinet
Government has installed new electric meters, but adherence to electrical code will not save unlicensed buildings from demolition
CBE Governor denounces media reports on Egypt delaying payment of foreign dues
The CBE covers the state’s requirements of the strategic and basic commodities, including petroleum, says Amer
$1bn deficit in payment balance in first 9 months of FY 2014/2015: CBE
The figures compare to a surplus of $2.2bn during the same period of FY 2013/2014
United Bank to allow paying taxes, customs through branches
The United Bank will introduce in all branches a service for paying all government dues, such as individual and company taxes and customs, the bank’s chairman Mohamed Ashmawy revealed Thursday. The move comes in cooperation with the Ministry of Finance. Ashmawy stressed the significance of enhancing electronic payments in Egypt, instead of depending on traditional …
Electronic payments benefit people excluded from formal financial services: MasterCard Country Manager
In an exclusive interview with the Daily News Egypt, Magdy Hassan, Country Manager of MasterCard Egypt, highlighted the programmes and services the credit card provider offers. He also highlighted the “Road to Inclusion Report” adopted by MasterCard.
MasterCard, Bank Audi, Alfa, Touch turn smartphones into virtual payment tools
The entities partner up to produce cutting-edge technology that allows consumers to conduct daily transactions from their smartphones
Iron and Steel strike deal falls through, workers continue to protest
Workers say their demands have not been met and protest outside the cabinet
EIPR announces support for Iron and Steel workers’ demands
Workers are demanding 16 months’ worth of profit-share owed to them
Finance ministry affirms commitment to timely foreign debt payment
On Monday, the advisor of the finance minister, Hamdy Samir,confirmed the ministry’s commitment to timely debt payment.
PayPal launches in Egypt
The online payment specialist also launches in Lebanon
Shepherd workers continue sit-in for the third day
Workers demand their late payment, and adjustments in contracts
Vodafone offers post-paid customers a new billing experience
Affirming its leadership in meeting customers’ needs, Vodafone Egypt, a top mobile operator, offers its post-paid customers a new billing experience that guarantees utmost customer satisfaction. Vodafone Egypt reports that the new bill will contain detailed information of post-paid customers’ internet monthly usage, costs of local, international and roaming calls, monthly subscriptions and additional services. …
CBE reports EGP 11.3billion balance of payment deficit
The Central Bank of Egypt (CBE) announced Monday that Egypt’s balance of payment totalled USD eight billion during the 2011/2012 fiscal year, compared to a surplus of $571.2 million in the previous fiscal year. The decline was attributed to reduced tourism profits and the current political atmosphere in Egypt and the region. CBE reported that …