Articles with tag: egypt

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Avon teams with APEXX Global to increase payments efficiency

15 Sep 2020 | Online Payments

UK-based MLM retailer Avon has partnered with payments platform APEXX Global to provide a payment solution for representatives across its markets. 

Avon, APEXX Global, partnership, DragonPay, online payments, merchant payments, multi-level marketing, conversion rate, payments platform, Egypt, Portugal, Greece, Philippines, PayPal, Apple Pay, Android Pay

Egypt launches national trial of digital platform for government services

01 Sep 2020 | Online Payments

Egypt’s Ministry of Communications and Information Technology has announced the month-long nationwide trial of the Digital Egypt platform.

Egypt, online payments system, online payments, Ministry of Communications and Information Technology, Digital Egypt, online payments platform, public utilities, MENA

Paymob, Holyo partner to facilitate payments for gamers in Egypt

18 Aug 2020 | Online Payments

Egypt-based digital payment company Paymob has partnered with Germany-based company Holyo to facilitate payments for gamers in Egypt.

Paymob, Holyo, Egypt, digital payments, gamers, merchants, PlayStation, Xbox, PUBG Mobile, credit cards, branded payments, local payment, Meeza cards, mobile wallets

Sberbank structures rade finance deal with International Islamic Trade Finance Corporation

05 Aug 2020 | E-invoicing, SCF & E-procurement

Sberbank has structured a trade finance deal with the International Islamic Trade Finance Corporation (ITFC), a provider of Trade Solutions.

Sberbank, trade finance, International Islamic Trade Finance Corporation, ITFC, Trade Solution, banks, Switzerland, Russia, Egypt

Egypt-based banks add IBAN standard for cross-border transactions

07 Jul 2020 | Payments General

Banks operating in the Egyptian market have started using the International Bank Account Number (IBAN) standard to facilitate cross-border transactions.

Egypt, banks, IBAN, cross-border transactions, bank account, check digits, transactions, IBAN code, internet banking, financial transactions, account number

Bank Audi ends acquisition talks with FAB

19 May 2020 | Payments General

Egypt-based Bank Audi has ended the discussions with First Abu Dhabi Bank (FAB) on acquiring the Egyptian assets of Lebanon's Bank Audi.

FAB, Bank Audi Egypt, Egypt, First Abu Dhabi Bank, Lebanon's Bank Audi, coronavirus, COVID-19, UAE, Central Bank of the United Arab Emirates, CBUAE, loans

TPAY Mobile, Vodafone Egypt roll out digital payments on Google Play

05 May 2020 | Mobile Payments

Vodafone Egypt has teamed up with TPAY MOBILE, a digital payment enabler in the Middle East and Africa, to launch Direct Carrier Billing (DCB) on the Google Play store.

Direct Carrier Billing, DCB, partnership, mobile payments, Egypt, Vodafone Egypt, TPAY MOBILE, Africa, Middle East

Egypt's CIB expands presence in Kenya by acquiring majority stake in Mayfair Bank

28 Apr 2020 | E-invoicing, SCF & E-procurement

Egypt-based Commercial International Bank (CIB) has received the regulatory nod from the Central Bank of Kenya (CBK) to acquire a 51% stake in Kenya-based Mayfair Bank.

Egypt, CIB, Mayfair Bank, Kenya, CBK, bank, market share

Compass Plus expands into MENA through Network International Egypt

16 Apr 2020 | Ecommerce

UK-based payments software provider Compass Plus has renewed its agreement with Egypt-based digital commerce enabler Network International to migrate further into the MENA space.

Compass Plus, Network International, Egypt, Europe, Asia, Africa, the Middle East, America, fintech, online payments, ecommerce,

EFG Hermes, Paytabs partner for new electronic payments services in Egypt

15 Apr 2020 | Online Payments

Egypt-based bank EFG Hermes and online payment service Paytabs have signed a partnership to launch a new platform providing electronic and digital payment services.

EFG Hermes, Paytabs, Egypt, onlyne payments, digital payments, electronic payments, MENA, bank, payments service provider

Egyptian banks instructed to temporary limit withdrawals and deposits

30 Mar 2020 | Payments General

Egyptian banks have been instructed to apply temporary limits on daily withdrawals and deposits.

Egyptian banks, Central Egyptian Bank, money withdrawn, coronavirus, inflation, deposits, ATM withdrawals, Egypt

Egypt's central bank to support e-payments, fintech, and more

17 Mar 2020 | Payments General

Measures to support electronic payment system and financial technology (fintech) have been reviewed by the Central Bank of Egypt (CBE).

e money, Maaza, fintech, registry, settlements, payment cards, PIS, cash contactless payments, electronic payments, Central Bank of Egypt, CBE

Egypt in talks with IDEMIA for digital ID

13 Mar 2020 | Digital Identity, Security & Online Fraud

Egypt's Minister of Communications and Information Technology has met with IDEMIA representatives to discuss the company’s investment plans.

Egypt, digital ID, IDEMIA, artificial intelligence, digital transformation, identity services, fingerprint

PAYFORT partners with ValU to help Egyptian installment payments

26 Feb 2020 | Ecommerce

UAE-based online payment gateway owen by Amazon PAYFORT has teamed with Egypt-based financial services company valU for installment sales services.

Payfort, VaIU, online payment gateway, partnership, online payments, installment sales, retail payments, ecommerce, merchants, Egypt, EMEA, UAE,

Egyptian National Bank joins Ripple to boost remittance business

17 Feb 2020 | Payments General

The National Bank of Egypt has signed an agreement with Ripple to establish new channels for inward remittances, according to local daily news site Youm7.

The National Bank of Egypt, Ripple, national bank, bank, blockchain, remittance, EMEA, Egypt

MoneyGram, Suez Canal Bank team up for account deposit service in Egypt

27 Jan 2020 | Payments General

MoneyGram International has partnered with Suez Canal Bank, to enable MoneyGram customers to send money directly to the bank accounts of friends and family members in Egypt.

MoneyGram, launch, account deposit, Egypt, cross-border, P2P, payments, money transfers, financial institution, banks, accounts, digital wallets, debit cards

Egypt to launch e-invoicing system by early 2020

24 Dec 2019 | E-invoicing, SCF & E-procurement

Egypt Ministry of Finance has signed a contract to launch an electronic invoicing system by early 2020/

Egypt, MENA, e-invoicing, electronic invoicing, national invoicing system, mandatory e-invoicing, Ministry of Finance,

ITFC finances programmes of promoting Egypt's exports to Africa

23 Dec 2019 | E-invoicing, SCF & E-procurement

The Export Development Authority (EDA) and the International Islamic Trade Finance Corporation (ITFC) have agreed to finance export programmes in Egypt.

The Export Development Authority, EDA, International Islamic Trade Finance Corporation, financing, trade finance, Egypt, MENA, fundin, financing, financial inclusion

Egypt signs agreement with ITFC to support commodities by USD 1.1 bln

05 Dec 2019 | E-invoicing, SCF & E-procurement

Egypt has signed a USD 1.1 billion agreement with the International Islamic Trade Finance Corporation (ITFC) to finance importing petroleum products and commodities for 2020, according to the Ministry of Petroleum.

Egypt, agreement, ITFC, commodities, financing

Visa, ExxonMobil to promote digital payments in Egypt

19 Aug 2019 | Online Payments

Visa has partnered with ExxonMobil to launch Visa’s Security Week campaign in Egypt, which aims to promote digital payment practices amongst Egyptian consumers.

Visa, ExxonMobil, digital payments, Egypt, ecommerce, payments security