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Epayment

New 14% VAT for online deliveries already in action: FinMin

The new tax came into force last Thursday on June 3rd

Egypt loves e-payment methods, 53% will avoid businesses without them: MasterCard

The shift in buying habits is not fresh news as governments encouraged lockdowns and avoiding traditional in-store shopping due to the pandemic

CBE expands mobile wallet transfer limits by 400% for individuals

For companies and micro-establishments (category A), the limit for daily withdrawals and transfers are now LE 40,000 with monthly limits of LE 200,000

CBE’s newest mobile wallet regulations open up mobile wallet-bank transfers

The Central Bank of Egypt (CBE) approves new regulations for mobile wallet services, including digital lending and saving services

e-Finance could be EGX listed by H2 2021

According to chairman Ibrahim Sarhan, they are currently now awaiting the approval of the government committee managing the state privatization program