73% of SMEs in Egypt Optimistic About Future Growth Guided by Potential for Access to Training, Better Data, and Digital Payments: Mastercard MEA SME Confidence Index

Posted on by Staff Writer | 5257 Views | 17 min read

73% of SMEs in Egypt are optimistic about the next 12 months compared to a regional average of 74% SME Confidence Index of the Middle East and Africa Research identified key areas with the greatest potential for growth with two thirds of SMEs projecting an increase in revenues in the next 12 months After facing

Mastercard and Telda Launch Egypt’s First of its Kind Money App

Posted on by Staff Writer | 4945 Views | 13 min read

Telda promotes innovative digital payments by offering digital financial services through its mobile app Telda to issue Mastercard prepaid cards, with Mastercard facilitating payments through its processing technology The partnership offers a secure, convenient and seamless experience for consumers Mastercard has announced a partnership with Telda, Egypt’s first of its kind payment app. This partnership is

Mastercard New Payments Index: Consumer Appetite for Digital Payments Takes Off in Egypt

Posted on by Staff Writer | 5342 Views | 16 min read

94% of consumers in Egypt are considering emerging payments such as biometrics, digital wallets, transfers and QR codes, in addition to Contactless, according to the Mastercard New Payments Index 83% of consumers in Egypt have access to more ways to pay compared to this time last year 3 out of 4 Egyptian consumers say digital

Huawei Expands Partnership with Mondia Pay for Safe, Contactless Mobile Payment Services

Posted on by Staff Writer | 10432 Views | 8 min read

Huawei Mobile Services has teamed up with Mondia Pay, a digital payments company, to roll out seamless and contactless payments solutions for mobile network operators. Since the commencement of the partnership in September 2020, demand for the implementation of Direct Carrier Billing service (DCB) for seamless, contactless payments for mobile users in the MEA region

Network International appoints Hany Fekry as Regional President – Northern and Sub-Saharan Africa

Posted on by Staff Writer | 3497 Views | 7 min read

Network International, the leading enabler of digital commerce across the Middle East and Africa (MEA), has announced the appointment of Egyptian national Hany Fekry as Regional President – Northern and Sub-Saharan Africa. In his new role, Hany will be responsible for all aspects of Network’s acquiring and issuing business in Egypt and Nigeria, and for

Top Egyptian Bank Selects Temenos to Transform Digital Banking in Egypt

Posted on by Staff Writer | 3999 Views | 17 min read

Temenos’ digital banking platform will help Suez Canal Bank drive sustainable growth and financial inclusion in country where more than 40 million are unbanked Powered by Temenos Infinity, Suez Canal Bank to reimagine the digital customer experience for its retail, corporate and Islamic banking services; Temenos’ (www.Temenos.com) digital banking platform will help Suez Canal Bank

Ovamba & Singularity Launch TradeTech Partnership in Egypt

Posted on by Staff Writer | 3890 Views | 8 min read

Singularity are the first to sign a Reseller Agreement with Ovamba in the region TradeTech innovator, Ovamba Solutions (www.Ovamba.com) and financial services provider, Singularity Finance (www.Singularity.finance) have partnered to deliver financial inclusion and growth capital to small and growing businesses in Egypt. Singularity are the first to sign a Reseller Agreement with Ovamba in the

CR2’s Remote Deployment of Critical Banking Software Keeps Digital Transformation on Track During COVID-19

Posted on by Staff Writer | 9718 Views | 10 min read

COVID-19 has accelerated digital banking with a significant move by customers towards online and mobile banking.  With travel restrictions and working from home policies firmly in place, it is important that banks choose to work with software vendors who have the experience to successfully deliver their digital transformation projects in an offsite context. Since the

Mastercard Signs Partnership with Carticard to Spur Digital Economy and Drive Financial Inclusion in Egypt

Posted on by Staff Writer | 3993 Views | 10 min read

New partnership will allow Carticard to distribute loans through prepaid cards Carticard offers services to small merchants, skilled laborers and small farmers, in an effort to incorporate more people in the digital economy The new partnership reinforces Mastercard’s commitment to support local fintechs and drive financial inclusion Mastercard has announced a partnership with Carticard, egabi FSI’s

ACI Worldwide Powers Digital Innovation and Financial Inclusion for Egyptian Banks Company

Posted on by Staff Writer | 4137 Views | 10 min read

Egyptian Banks Company enters new phase of long-standing relationship with ACI as it prepares for launch of national payments scheme. ACI Worldwide, a leading global provider of real-time electronic payment and banking solutions, has announced that Egyptian Banks Company (EBC) has completed its transition to the latest version of ACI’s UP Retail Payments solution. EBC,