Fawry Reports Exceptional Growth in 1Q2025 with 65.1% Revenue Increase and 97.1% Surge in Net Income

Fawry’s first quarter of 2025 demonstrates continued growth with a 65.1% increase in revenue and a 97.1% surge in net profit. Key drivers included strong performances in Financial Services, Banking, and Supply Chain Solutions. The company remains focused on expanding its digital services while enhancing profitability and operational efficiency.

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Africa’s Digital Payments Economy to Reach $1.5 Trillion by 2030, Mastercard Report Reveals

A new Mastercard report forecasts Africa’s digital payments economy will reach $1.5 trillion by 2030. Key initiatives focus on empowering SMEs, boosting the fintech sector, and enhancing cross-border payments. The report highlights rising internet penetration and financial inclusion, driving Africa’s shift toward digital transaction adoption.

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Basata Holding Increases Stake in MadfoatCom to 25%, Strengthening Digital Payment Infrastructure in Jordan

Basata Holding has increased its stake in MadfoatCom to 25%, enhancing digital payment services in Jordan. The strategic acquisition, in partnership with major Jordanian financial institutions, aims to expand financial inclusion and improve digital infrastructure. The collaboration focuses on enhancing payment solutions, particularly for small and medium-sized enterprises (SMEs).

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