In a filling to the Egyptian Exchange (EGX), Fawry stated that the proceeds will be used to fund the expansions of its financial services for both consumers and merchants
Mastercard releases findings about the importance of digitalization and rising confidence levels as SMEs across sectors, products, and services in the region
The company, wholly owned by Fawry and its subsidiaries, has already obtained the necessary license from the Financial Regulatory Authority
According to the FinTech, 42% of adults in sub-Saharan Africa and Asia are unbanked and only 11% of adults are under credit bureau coverage in Africa
The CBE included new transfer limits for transactions via the IPN, with single transactions limited to EGP 50,000
