Technology news and insights in the Middle East, South Asia, and Africa
Technology News and insights in the Middle East, South Asia, and Africa
Egypt has granted tpay the country’s first licence to offer direct mobile billing for government services. The approval enables citizens to pay utility bills, fines, and official fees via mobile balances or bills, expanding digital payment access and supporting financial inclusion without requiring bank accounts or cards.
Egypt Post has introduced Felousy, the nation’s first fully digital investment-fund platform, offering access to more than 40 funds across multiple asset classes. Operated by PFI Investment Services, the platform supports Egypt’s digital-transformation agenda while expanding retail investment access. Additional launches include enhanced digital payments, cross-border transfers and new smart logistics services.
Paymob and RTG have formed a strategic partnership to merge digital payments, AI, automation, and user experience development into a unified ecosystem. Aligned with Egypt’s Vision 2030, the collaboration aims to accelerate digital transformation for SMEs and enterprises, support regional expansion, and strengthen Egypt’s position as a digital innovation hub.
Fawry and Wadi Degla Developments have partnered to introduce integrated digital payment solutions in Egypt’s real estate sector, enhancing customer experience and supporting the country’s digital economy goals under Vision 2030.
Fawry and Wadi Degla Developments have partnered to integrate secure digital payments across Egypt’s real estate sector, offering modern fintech solutions through Fawry’s online and POS networks, advancing Egypt’s Vision 2030 for a cashless and digitally empowered economy.
Bosta and e& have formed a landmark partnership at GITEX Dubai 2025 to integrate logistics and digital payments in Egypt, empowering merchants through faster cash cycles, fintech inclusion, and seamless delivery innovation.
Egyptian fintech company Money Fellows has surpassed $1.5 billion in transactions, reaching 8 million users and profitability. Operating under the Central Bank’s FinTech Sandbox, the firm offers digital savings circles, prepaid cards, and smart savings tools, supporting Egypt’s financial inclusion goals.
Egypt’s mobile wallet transactions hit EGP 943.4bn in Q2 2025, up 72% year-on-year, with 717.7 million transactions and 46.3 million active wallets. Vodafone Cash led the market with 81% of transaction value. The NTRA has reinforced security and enabled international remittances to further boost adoption.
Cairo-based fintech Munify has raised $3M in a Y Combinator–led seed round to expand its cross-border digital banking platform for Egyptians abroad. Offering instant remittances, U.S. bank accounts, debit cards, and currency-hedging tools, Munify plans to scale teams, partnerships, and market presence after graduating from YC’s Summer 2025 batch.
Flutterwave’s Send App launch in Egypt enhances cross-border remittances with secure, fast, and accessible transfers, empowering the Egyptian diaspora to support families and communities while advancing Africa’s fintech ecosystem.