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CBE-issued digital currency is in the works, E-Pound expected to launch by 2030

The E-Pound will enable the CBE and government to explore opportunities created by a boom in digital transformation to further develop and improve the financial sector

Internet providers announce price hikes as of January 2024

Telecom Egypt announced that it will increase the prices of landline internet packages, starting from January 5, with free browsing of educational websites

Mobile service prices in Egypt to increase in 2024

Effective from February 2024, customers can expect a price surge ranging from 10% to 16%. This marks the first price adjustment for mobile services in Egypt since 2017

CBE indefinitely suspends fees on e-banking transactions in EGP

Launched in 2022, the Instant Payment Network (IPN) – not to be confused with the InstaPay app – is a national network linking all operating banks within Egypt, facilitating the instantaneous execution of all banking transfer services 24/7

Fawry and Simple Touch team up to enhance regional F&B industry

According to Fawry, the partnership aims to enhance Simple Touch's restaurant management systems by integrating the latest innovative financial technologies provided by Fawry