With foreign exchange shortages plaguing sub-Saharan African economies, Bank One’s Head of Trade, Gerald Ndosi, explains what measures can be taken to overcome US dollar liquidity challenges, promote trade finance, and foster sustainable economic growth in the region International Trade is conducted in the currencies of major economic powers, largely the US dollar, European Union
Fawry partners with Infobip to utilize their omnichannel solutions to create new and exciting ways for merchants to process payments using their different communication channels including SMS, Whatsapp, Facebook messenger and other META channels Fawry, the leading payments and fintech company in Egypt, has partnered with Infobip, a global cloud communications platform, to enable payments
African Export and Import Bank (Afreximbank) and the African Continental Free Trade Area (AfCFTA) Secretariat developed PAPSS, which enables instant cross-border payment in local currency The Pan African Payment and Settlement System (PAPSS) and the African Securities Exchange Association (ASEA) have signed a Memorandum of Understanding (MoU) to enhance collaboration and cooperation in promoting cross-border
Banks hoping to navigate the uncertainties of 2023 will be looking to their modernisation efforts as a way to claw back some value. In its 2023 banking outlook, Deloitte has advised banks to “…reassess traditional product, service, and industry boundaries to create new sources of value.” The company has suggested that this could include exploring
Following the region wide partnership between e& group and Mastercard, Etisalat by e& Egypt and Mastercard partner to enable Etisalat Cash customers to pay online anywhere in the world Mastercard’s technology will create new digital commerce opportunities and drive deeper engagement through its loyalty platforms for millions in Egypt The partnership will further drive financial
Mastercard strengthens its leadership team in North Africa through the appointment of Inji Borai as Vice President and Country Manager for Egypt. Egyptian born Inji has been growing through the Mastercard regional ranks over the past 3 years. In her new role, Inji will be responsible for leading Mastercard’s strategy and operations to drive value
Backed up by Mastercard technologies, Copal brings all family members on a unified payment platform that is fully managed by parents The partnership brings Egypt one step closer towards financial inclusion through the integration of a younger underbanked consumer segment Copal, Egypt’s first digital payment solutions application specifically designed for families, enters a strategic partnership
Investments will support early-and-growth-stage fintechs tackling financial inclusion in Egypt The partnership supports the Central Bank of Egypt’s vision to establish Egypt as the Innovation Hub for fintechs across the Middle East and Africa region Mastercard has announced a strategic investment in Nclude, a fintech focused VC investment platform launched in partnership with Egypt’s leading
Network is a leading enabler of digital commerce across the Middle East & Africa, focused on helping businesses and economies prosper by simplifying commerce and payments The company, which operates across Africa and the Middle East, has seen another quarter of financial and strategic delivery, underpinning full year expectations; Figures include positive licensing updates to
Unbanked Egyptians can now get a prepaid Mastercard with a seamless onboarding process The launch is a step towards creating a ripple-effect for providing financial access to millions of Egyptians Mastercard powers the launch of Telda prepaid cards, jointly issued by one of the major banks in Egypt and a fintech. The innovative payment solution
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