back Back

OPay announces the launch of its first store in Egypt

By Leandra Monteiro

March 04, 2022

  • Digital Transformation
  • E-payments
  • Egypt
Share

OPay EgyptOPay Egypt, a FinTech and electronic payments company, has announced the opening of its first “OPay” store in Egypt to offer all the company’s services and products for individuals and corporates.

The move comes as part of OPay’s expansion plan in the Egyptian market and capitalises on the success the company has achieved last year through distributing tens of thousands of Points – of – Sale (POS), and increasing its vendors and retailers, becoming the fastest growing company in the FinTech and e-payments market, just one year after its launch in Egypt.

Hesham Ezz El-Din, Digital and Cards Business Line Director at OPay Egypt said, “The company is “thrilled to be launching its first OPay store in the Egyptian market, one of the largest markets in the Middle East and Africa, as part of the company’s bid to keep up with the direction of the Egyptian state towards financial inclusion and digital transformation and Egypt 2030 vision.”

Through the store, Ezz El-Din said the company’s clients will be able to recharge their phone’s balance and make electronic payments for a number of services including paying mobile phone bills, as well as paying their utility bills and paying tuition fees for schools, universities and a host of other services.

He said that the company will gradually open more stores across many of the Egyptian cities and governorates to serve a wider client base, in addition to adding electronic collections services through coordinating and partnering with other companies in the same field.

Previous Article

March 04, 2022

Microsoft partners with Chargebacks911 to launch fraud protection solution

Read More
Next Article

March 04, 2022

Junio raises $6m in Pre-Series A round

Read More








IBSi Daily News Analysis

payment check out, Open Banking

April 23, 2024

Digital Transformation

UAE retailers lose millions annually on payments fraud; consumers’ wallets impacted

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

Mastercard & UniCredit launch touch cards for visually impaired

Read More

Today

Thunes to acquire payments platform Tilia LLC

Read More

Today

Razorpay launches UPI Switch in partnership with Airtel Payments Bank

Read More

Related Reports

Sales League Table Report 2023
Know More
Global Digital Banking Vendor & Landscape Report Q1 2024
Global Digital Banking Vendor & Landscape Report Q1 2024
Know More
Wealth Management & Private Banking Systems Report Q1 2024
Wealth Management & Private Banking Systems Report Q1 2024
Know More
IBSi Spectrum Report: Supply Chain Finance Platforms Q4 2023
Know More
Treasury & Capital Markets Systems Report Q1 2024
Know More

IBSi Sales League Table

The industry acknowledged barometer of global banking technology vendor performance!
Get your copy now!
close-link
Get your copy now! IBSi Sales League Table 2023