New IFC Initiative Helps Banks in Mexico, Philippines, South Africa, Egypt Scale Climate Finance
The program is designed to increase climate lending by participating banks in Egypt, Mexico, the Philippines, and South Africa to 30 percent of their portfolios by 2030.
EasyCash: An Interoperable ePayment Suite Powered by Wallet Factory Launched in Egypt
EasyCash has become the first mobile payment application for Wallet Factory that was made to align with the Egyptian interoperability market standards for QR code-based digital payments and acceptance.
Promoting Financial Inclusion in Egypt
In the frame of this project, AFC, in collaboration with the national statistics office CAPMAS and the Central Bank of Egypt, conducted the first national representative financial inclusion survey in Egypt and build a data set as evidence base and baseline for future monitoring.
Tammeyah for Microfinance Services Buys French B2B Marketplace
Tanmeyah, which was founded in 2009, provides working capital for smaller enterprises and reports having 391,000 clients.
CBE Launches Financial Inclusion Strategy 2022-2025
The Central Bank of Egypt formulated the Financial Inclusion Strategy (2022-2025), with the aim of the promotion of financial inclusion and the achievement of economic growth in Egypt.
SANAD Provides First Tier II Capital in Egypt to Banque du Caire
Subordinated debt totaling $30 million to strengthen capital base and boost bank’s ability to provide local businesses with much-needed financing.
Egypt’s Zeal Raises Six-Figure Seed for Its Digital Payments and Loyalty Platform
Egyptian fintech Zeal Rewards has raised a seed investment from an angel investor, it announced in a statement to MENAbytes this week.
Knowledge Officer Partners With GIZ to Launch Fintech Academy in Egypt
The initiative aligns with the Knowledge Officer’s mission to empower the fintech ecosystem with education.
Egypt’s Largest Banks Back New Fintech-Focused Fund From Global Ventures
The fund is an implementation of the country’s strategic vision to support young innovators, with Nclude by Global Ventures to focus on accelerating fintech innovation and driving financial inclusion.