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The Central Bank of Egypt has just released new guidelines for how banks should work with finance companies in Egypt. This move comes as there's been a lot of talk and debate about how quickly non-banking financial services are growing and the credit assessment standards being used in the sector.
Fawry's financing arm has secured a strategic EGP 250 million facility from the European Bank for Reconstruction and Development (EBRD) this quarter. This exciting partnership aims to significantly boost support for micro, small, and medium-sized enterprises, especially those led by young entrepreneurs in Egypt.
Fawry, a leading electronic payments company, is making exciting moves! They've just appointed new CEOs to lead their key subsidiaries, Fawry Plus and Fawry for SME and Microfinance. This comes as the company strongly commits to using artificial intelligence across its operations to drive innovation, enhance product quality, and fuel future growth.
Fawry and Valu are joining forces to integrate Valu's installment payment services directly into the MyFawry app. This exciting partnership aims to boost digital payments and offer flexible financing solutions, making financial services more accessible across Egypt.
Fawry and Bank Misr are making it easier for customers to pay their monthly loan installments. They've launched a new service that lets you pay without needing a bank card, offering more flexibility and simpler access to financial services across Egypt.
Mohamed Okasha is a leading Egyptian FinTech entrepreneur. He co-founded Fawry, a major digital payments platform, and later launched Disruptech Ventures to invest in and support promising startups, driving digital transformation in the region.
