back Back

4 FinTech platforms facilitating e-payment services in Egypt

By Delisha Fernandes

December 27, 2023

  • Basata
  • CashCall
  • Compliance
Share

Fintech, e-payments, digital payments, financial inclusion, compliance, digital revolution, financial transaction, fintech news, fintech EgyptFintech has been a driving force in revolutionizing the day-to-day payment system in Egypt. Gone are the days of fumbling for exact change or waiting in endless queues for bill payments. Egypt’s FinTech space is booming, with innovative platforms transforming the way individuals manage money.

As the country embraces the digital age, electronic payment services have become the cornerstone of financial inclusion, offering convenience, security, and efficiency. With their mobile money solutions, rural communities can finally access essential financial services, boosting economic participation and paving the way for a more prosperous future.

Here are 4 FinTech platforms facilitating e-payment services in Egypt:

BASATA is an e-payment gateway and the fruit of the merger between “Masary” and “Bee”. Backed by strategic shareholders and investors in the Egyptian market, including Vodafone Egypt, the spin-off entity BASATA is a convenient platform that aims to disrupt the e-payment and financial services sector and deliver integrated financial solutions.

Cashcall is a FinTech company that brings financial inclusion experience to the Egyptian local market, allowing them to enable electronic payments and receivables through flexible and various Omni channels. Cashcall is a linking service provider between billers and customers by providing them with highly secured and up-to-date financial solutions and technologies.

DAMEN was founded in 2018 to provide electronic payment solutions in the Egyptian market. DAMEN has a network of over 100,000 merchants scattered throughout the country, with offices and dedicated staff in all governorates servicing these merchants and their point-of-sale terminals.

Fawry is an Electronic Payment Network offering financial services to consumers and businesses through over 65 thousand locations and various channels. It provides a convenient and reliable way to pay bills and other services in multiple channels (online, ATMs, mobile wallets and retail points). The company’s network of retailers includes small groceries, pharmacies and stationaries, and post offices, all equipped with point-of-sale machines – the same ones used for credit card payments.

Previous Article

December 27, 2023

WSPN & BitMart team to accelerate digital payment solutions

Read More
Next Article

December 27, 2023

Liberty Travel & Affirm team to facilitate travel booking payments

Read More






IBSi FinTech Journal

  • Most trusted FinTech journal since 1991
  • Digital monthly issue
  • 60+ pages of research, analysis, interviews, opinions, and rankings
  • Global coverage
Subscribe Now

Other Related News

Today

UnionPay joins Bank Simpanan Nasional to facilitate QR payments

Read More

Today

Visa brings Apple Pay to its customers in Egypt

Read More

January 20, 2025

India’s non-metro cities outpace metros with 175% payment growth

Read More

Related Reports

Sales League Table Report 2024
Know More
Global Digital Banking Vendor & Landscape Report Q4 2024
Know More
NextGen WealthTech: The Trends To Shape The Future Q4 2023
Know More
IBSi Spectrum Report: Supply Chain Finance Platforms Q4 2023
Know More
Treasury & Capital Markets Systems Report Q4 2024
Know More