CBE launches Meeza, Non-Cash Payment Law, FinTech Regulatory Sandbox, e-collection of government’s payments
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Both companies will retain their brands, operations to be integrated: MM group investment director
The signing ceremony was attended by Cairo Governor Khaled Abd El-Aal and CEO of Fawry Ashraf Sabry, as well as several governorate officials.
The ministry stressed that it would redistribute additional e-payment machines at any administrative body and other entities that may need the service in order to preserve the public money.
Abou-El-Fotouh confirmed that MEDAF Investments has ambitious plans and aims to expand inside and outside Egyptian markets. He said, “The company is currently evaluating several investment opportunities, the details of which will be announced in due course.”
21% for strategic investors, between 15-19% stake for IPO and private placement
Investor Relations and Business Development Manager at MTI, Ashraf El-Ghannam, said the group will focus on enhancing profitability by increasing contribution of high-profit-margin business lines, and replicating MTI’s business model to its recently consolidated subsidiary Qanawat.
Unlike all global players and e-payment processing companies, Vapulus launched its portal without subscription fees and no fixed fees per transaction.
The National Bank of Egypt (NBE) decided to extend its working hours at 64 branches until 6:00 pm to provide electronic tax payment services in the periods between 24-31 March and between 22-30 April. The NBE will limit its services after normal working hours to tax payment services in order to achieve a successful tax …
We aim to increase our transactions to 1m per month, attract 20,000 POS: Wahby
Company’s e-payment injected EGP 90m last year to improve technological structure efficiency, guarantee electronic services quality
Interviews underway with electronic collection companies to agree on smart applications final form for banks’ electronic payment cards
The adoption of an integrated network between the Civil Status Authority and other government agencies will allow opening bank accounts without going to banks, says Sabry
We began launching the service with a number of banks and will soon be activated with others, says Fawry CEO
We aim to increase payment outlets to 60,000 by the end of 2016, says CEO
Agreement benefits MFF and beneficiaries of its services, easy and quick inquiry and payments via different means that fit different needs
Five new financial services sought in cooperation with banks during 2015, says Sabry
Daily transaction rate has gone up from 1,000 per day by the end of 2009 to over 1m, says CPIO
New app provides details on the nearest petrol station
The bank is preparing new customer services which include the launch of two new premium cards products, Arif Raza says
Protocol will ensure quick response to traffic emergencies, improve transportation system, Helmy says
The Ministry of Interior recently launched, in cooperation with Fawri for Bank Technology and Electronic Payments, an electronic payment service for issuing car licences. Assistant to the Minister of Interior and Head of the General Administration for Traffic Medhat Koraytam said the service would start in El-Nozha Traffic Unit and then be applied nationwide in …