Digital transactions will continue to grow, as nearly 9 in 10 Egyptian consumers surveyed had high levels of confidence in digital payments
Souq.com exited the market after its 100% acquisition by Amazon back in 2017, but only recently began to expand its own branding in recent years
It has also extended the suspension of activation fees on electronic collection operations for e-commerce activity, including monthly fees and fees for obtaining additional services
The investment will be used to expand their operations in the GCC, as well as target delivering more than 15 million parcels in Egypt in the next two years
The company enables businesses to outsource logistics needs such as first mile, warehousing, last mile, cash collection, and returns
