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Mobile Wallet

E-banking startup Telda raises $5M in MENA’s largest pre-seed

The startup already has over 30,000 sign-ups with over 17,000 people who’ve requested the card from the app, even though it recently launched in April

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