Latest in Tag: Fawry Highlight

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Latest in Tag: Fawry

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Fawry Microfinance exceeds EGP 1bn barrier for loans granted since its establishment

Fawry Microfinance was established in 2018 with the aim of providing entrepreneurs from small companies across the country with affordable financial solutions, benefiting from a sophisticated digital system for granting loans and collecting instalments. The company’s activities in microfinance have contributed to supporting the country’s efforts in achieving financial inclusion and promoting the digital transformation of financial services.

Daily News Egypt


Fawry raises capital by EGP 400m to finance expansions

The capital raise will take advantage of favourable markets conditions, whilst helping the company to accelerate its strategy in developing mobile services. The cash injection is also set to boost its acceptance of payments on all payment channels, and strengthen its integration of digital solutions.

Alyaa Stohy


NBE cooperates with Fawry to provide 43,000 POSs for shopping

Karim Soos, Retail Risk Group Head at NBE, said the bank seeks through the new agreement to support its strategic plan towards financial inclusion and expansion in various banking services, particularly the digital ones. This has become the global trend recently, in line with the country’s plan to bring about nationwide digital transformation.

Daily News Egypt


Egypt’s Fawry, PaySky win Citi MENA Fintech Challenge

The Citi MENA Fintech Challenge offered the region’s Fintech community the opportunity to put their ideas into practice and come up with innovative solutions around four identified problem statements: digitising cash collections; assured payments, Business to business to consumer (B2B2C) enablement, and digitising trade processes.

Daily News Egypt