Egypt’s Paymob garners $50m to spur business growth
Egyptian fintech firm Paymob has secured an investment of $50m in a Series B funding round led by Kora Capital,…
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Egyptian fintech Khazna raises $38m in Series A financing round
Cairo-based fintech app Khazna has secured $38m in debt and equity through its Series A financing round, reported The National.…
Egypt grants regulatory nod for instant electronic payments
The Central Bank of Egypt has approved instant payment regulations that will enable people and businesses in the country to…
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Egypt’s state payments firm E-finance begins IPO
E-finance Digital and Financial Investments, a state-controlled payments firm in Egypt, has launched an IPO for retail investors, reported Reuters.…
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Egypt approves merchant licences for contactless mobile payments
Egypt’s central bank has approved the issue of licences that will enable merchants to accept contactless payments from their customers…
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Egyptian payments firm e-finance to float 14.5% stake in Q4
Egyptian state-operated payments firm e-finance plans to float a minority stake on the Egyptian Exchange (EGX). The platform will offer…
Mastercard and fintech Telda partner on prepaid cards in Egypt
Mastercard has partnered with digital financial services provider Telda to facilitate issuing of the latter’s prepaid cards in Egypt. As…
Paymob rakes in $18.5m to accelerate Saudi expansion
Egyptian digital payments provider Paymob has raked in an $18.5m investment in a funding round led by VC Global Ventures.…
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