Al Baraka Bank Egypt has announced the opening of its second electronic branch in the Smouha district of Alexandria Governorate, marking another step in the accelerated implementation of its digital transformation strategy and the expansion of its geographical presence beyond Greater Cairo. During this time, the bank continues its commitment to providing banking services that
Yuno, the global financial infrastructure platform, today announced a strategic partnership with Onafriq, the leading Pan-African payments network, to bring Africa’s most expansive payments infrastructure to merchants worldwide. Through this integration, Yuno’s clients gain instant access to Onafriq’s network spanning 43 African markets, nearly 1 billion mobile wallets, 500 million bank accounts, and 2,000 cross-border payment corridors — all through
This article was originally published on Stanchion Payment Solutions website here. According to a Euromonitor article, Egypt, Vietnam, the Philippines and Indonesia are all emerging markets that will rank among the world’s fastest-growing economies this year. What’s driving them? Demographics, structural reforms, rising consumption and accelerating digital adoption. While the familiar developed economies are navigating
Visa, a global leader in digital payments, has announced the creation of a new sub-region comprising Egypt, Libya, and Sudan as part of its strategic growth plans across North Africa. The move reflects the company’s continued commitment to supporting national government priorities around digital transformation, while deepening engagement with financial institutions, fintech innovators, and merchant
Bosta, a key enabler of e-commerce in Egypt, has announced a strategic collaboration with Mastercard aimed at supporting small and medium-sized enterprises (SMEs) through integrated solutions designed to accelerate e-commerce growth in line with evolving market needs. The partnership reflects the increasing importance of logistics and payment infrastructure in shaping a more efficient digital economy,
IFC today announced a comprehensive financing package for Suez Canal Bank (SCB) designed to strengthen the bank’s capacity to expand lending to micro, small, and medium-sized enterprises (MSMEs) across Egypt. This strategic partnership aims not only to support business growth but also to create thousands of new jobs, promote economic stability, and help narrow the
SPAYZ.io, a leading provider of innovative payment solutions, has announced its strategic expansion into three new African markets – South Africa, Egypt, and Cameroon. This marks another major step in the fintech company’s mission to transform digital commerce across Africa’s emerging economies by delivering tailored, localised payment solutions that address unique market needs. Over the
Bank of Algeria has officially joined the Pan-African Payment and Settlement System (PAPSS), marking a major milestone in Africa’s journey toward seamless financial integration. PAPSS, an initiative launched by the African Export-Import Bank (Afreximbank) in collaboration with the African Union Commission (AUC) and the African Continental Free Trade Area (AfCFTA) Secretariat, is designed to facilitate
Mastercard and enza, a payment solutions company, have collaborated to connect fintech companies across Africa to the Mastercard network. This collaboration will enable fintech players to build propositions on the enza platform that serve both consumers and businesses with embedded Mastercard payment solutions capabilities. According to a report by the European Investment Bank, the number
EGBANK has joined forces with Mastercard to drive financial accessibility, expand digital payment adoption and introduce affluent new segments to the bank’s card portfolio. The collaboration aims to strengthen EGBANK’s strategy and reinforce its commitment to delivering a convenient, seamless and secure payment experience. Mastercard will support EGBANK in developing its portfolio of debit, credit,
