Egypt

MoneyGram, Suez Canal Bank Team To Enable Egypt Money Transfers
MoneyGram, Suez Canal Bank Team To Enable Egypt Money Transfers
January 23, 2020  |  Partnerships / Acquisitions

MoneyGram has partnered with Suez Canal Bank to let customers send money right into Egyptian bank accounts, according to a press release. The deal will...

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Egyptian Govt Could Move To Cash Disbursements For Needy Residents
Egyptian Govt Could Move To Cash Disbursements For Needy Residents
January 10, 2020  |  Cash

The Egyptian government is investigating the possibility of a feasible transition to a limited, new cash payment system that would replace the ration cards on...

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Egyptian Antitrust Reg Conditionally Approves Uber’s Careem Buy
Egyptian Antitrust Reg Conditionally Approves Uber’s Careem Buy
December 29, 2019  |  Partnerships / Acquisitions

Careem, an Egyptian domestic rival to U.S.-based Uber, is set to be acquired by their global competition giant. Regulators approved the $3.1 billion deal after...

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Egypt Eyes eInvoicing To Modernize Public Procurement
Egypt Eyes eInvoicing To Modernize Public Procurement
December 23, 2019  |  B2B Payments

Egypt is readying an electronic invoicing mandate for consumers to pay their taxes, an initiative that reports said will eventually expand to standardize invoicing in...

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Egyptian Transit App Swvl Plans Global Expansion
Egyptian Transit App Swvl Plans Global Expansion
November 12, 2019  |  Mobile

Egyptian mobility startup Swvl will be expanding into the Philippines, Indonesia and Bangladesh by the end of 2020. Launched in Egypt in 2017, Swvl operates...

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In The Middle East, Banks Embrace FinTech
In The Middle East, Banks Embrace FinTech
January 29, 2019  |  B2B Payments

Efforts in the Middle East by banks and other financial institutions to embrace FinTech are on the rise. As reported from Daily News Egypt, a...

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Jumia Sets Its Sights On Egypt And Unlicensed Vendors
Jumia Sets Its Sights On Egypt And Unlicensed Vendors
May 08, 2018  |  eCommerce

Jumia, the leading eCommerce player in Africa, has set its sights on Egypt, aiming to grow tenfold on a revenue basis and sixfold in the number...

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Visa Egypt Targets Financial Inclusion Via Payroll Cards
Visa Egypt Targets Financial Inclusion Via Payroll Cards
June 03, 2016  |  B2B Payments

In the U.S., the debate continues over the payroll card and whether it’s a tool to provide key resources for underbanked employees or one that...

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