Tagged: fawry

Fintech Ecosystem in Egypt being Supported by Strong MENA Region VC Investments, but Well Behind Global Standards: Report

June 13, 2021 @ 5:19 pm By Omar Faridi |

Egypt’s venture capital investment ecosystem has become one of the most fast-evolving markets in the MENA region. It’s been expanding at a 100% CAGR during the last 5 years, according to the 2020 Egypt Venture Investment Report released by Magnitt in collaboration with Egypt’s IT… Read More

Read more in: Asia, Fintech | Tagged egypt, egypt’s it industry development agency, fawry, fintech adoption, Fintech funding, Fintech Investments, fintech trends, fintech unicorn, itida, mena, mena region, moneyfellows, paymob, research, Research Report

Egyptian Digital Payments Provider, Fawry, Experiences Record Growth Following COVID-19 Outbreak

September 10, 2020 @ 12:12 pm By Omar Faridi |

Fawry for Banking & Payment Technology Services SAE, an Egyptian digital payments provider, was listed on Cairo’s exchange about a year back. The company recently experienced a 300% increase in its market value to 20 billion Egyptian pounds (appr. $1.3 billion). The payments firm confirmed… Read More

Read more in: Fintech, Asia | Tagged allen sandeep, cairo, consumer behavior, coronavirus, covid-19, digital payments, digital transactions, digital transformation, egypt, fawry, mena, mena region, naeem holding, online payments