Egypt

Paymob Raises $22 Million to Expand in Egypt and GCC Countries
Paymob Raises $22 Million to Expand in Egypt and GCC Countries
September 11, 2024  |  Investments

Financial services enabler Paymob raised another $22 million to expand its offering in its core market of Egypt and its newer markets in Gulf Cooperation...

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Cartona Raises $8.1 Million to Expand B2B Platform Across MENA
Cartona Raises $8.1 Million to Expand B2B Platform Across MENA
August 05, 2024  |  B2B Payments

Cartona has raised $8.1 million in a Series A extension fundraise to continue growing the product rollout, verticals and offerings of its B2B platform for businesses...

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PayTabs Egypt and Souhoola Partner on BNPL for eCommerce Merchants
PayTabs Egypt and Souhoola Partner on BNPL for eCommerce Merchants
February 26, 2024  |  Buy Now Pay Later

PayTabs Egypt, a provider of digital payment solutions, partnered with Souhoola, an Egyptian buy now, pay later (BNPL) platform. Via the collaboration, PayTabs Egypt will...

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Visa and Egyptian Banks Co Partner on Remittance Solutions
Visa and Egyptian Banks Co Partner on Remittance Solutions
February 12, 2024  |  Partnerships

Visa signed an agreement with Egyptian Banks Company to introduce new solutions around electronic payment services, digital wallets and other offerings. The partnership aims to...

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Mastercard and Ingiz Collaborate on Digital Payments App in Egypt
Mastercard and Ingiz Collaborate on Digital Payments App in Egypt
August 28, 2023  |  Partnerships

Mastercard has partnered with Ingiz, a family financial management startup in Egypt. This collaboration aims to introduce a digital payments application that will drive financial literacy and inclusion among...

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Bank of Egypt Ups Withdrawal Limits for Instant Payments
Bank of Egypt Ups Withdrawal Limits for Instant Payments
March 12, 2023  |  Real-Time Payments

Egypt’s central bank has increased the amount of money that can be withdrawn via payment service providers. The Central Bank of Egypt (CBE) said last...

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Paymob Teams With Arabic Streaming Platform Shahid
Paymob Teams With Arabic Streaming Platform Shahid
March 09, 2023  |  Partnerships

Paymob wants to help Egyptian consumers pay for streaming video via eWallets. The financial services company announced in a Thursday (March 9) press release that...

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Legacy Payments Infrastructure Holds Small Merchants Back in Emerging Markets
Legacy Payments Infrastructure Holds Small Merchants Back in Emerging Markets
February 16, 2023  |  Digital Payments

The imbalance between payments issuance and acceptance is a major pain point in emerging markets. According to Islam Shawky, co-founder and CEO at Cairo-based digital...

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Egyptian FinTech MNT-Halan Announces $400M of Fresh Funding
Egyptian FinTech MNT-Halan Announces $400M of Fresh Funding
February 01, 2023  |  Investments

Egypt’s MNT-Halan has raised $400 million at a valuation of over $1 billion. The funding was announced by the Cairo-based FinTech on Monday (Feb. 1)....

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