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ecommerce

Digital payments continue to trend with 690% increase in usage: VISA

Digital transactions will continue to grow, as nearly 9 in 10 Egyptian consumers surveyed had high levels of confidence in digital payments

Amazon to rebrand Egypt’s Souq.com 4 years after acquisition

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

CBE extends pandemic measures including ATM and bank transfer fees

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

Logistics startup Bosta receives $6.7M in Series A round

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

Region’s largest pre-seed goes to Egyptian logistics startup Flextock at $3.25M

The company enables businesses to outsource logistics needs such as first mile, warehousing, last mile, cash collection, and returns