Fawry, Banque Misr, and EBC launch cash in and out interoperable for e-wallets to promote financial inclusion
Cairo, Egypt: Fawry, Egypt’s leading e-payments solutions provider, in collaboration with Banque Misr and Egyptian Banks Company for Technology Advancement (EBC), announced the launch of a new cash in and out interoperable for e-wallets via Meeza Digital Scheme. This service enables customers who hold e- wallets from any bank or financial institution to easily and flexibly perform cash in and out interoperable at electronic points of sale (POS) available through Fawry’s nationwide network. This initiative reflects the commitment of Fawry, Banque Misr, and EBC to enhance financial inclusion and intensify efforts to increase accessibility to financial services for broader segments of the society.
This new service further strengthens Fawry’s leadership in the fintech market. Thanks to this service, customers can now perform deposit and withdrawal securely and efficiently, with a maximum limit of EGP 4,000 per transaction, through Fawry’s nationwide network and FawryPlus branches. This makes the service easily accessible to customers across Egypt. The strategic partnership between Fawry, Banque Misr, and EBC marks a significant advancement in Egypt’s financial services sector, providing innovative and user-friendly payment solutions that drive economic growth and promote digital transformation. Individual customers benefit from this collaboration by accessing various financial options tailored to their diverse needs, boosting confidence in the economic system, and encouraging investment.
Key Fintech Trends in Africa to Watch in 2025
As fintech innovations continue to take ahold of Africa, several key trends are shaping the landscape in 2025, among which the rapid expansion of mobile money, the growing influence of virtual assets, and increasing attention to cybersecurity, a new report by Bowmans, a pan-African legal firm, says.
The report, released in December 2024, examines the current and emerging fintech trends across the continent. It highlights the growth of mobile money, with platforms like M-Pesa significantly increasing financial access in countries like Tanzania. Alternative lending and buy now, pay later (BNPL) are expanding rapidly, driven by mobile technology and investor interest.
Read more: https://fintechnews.africa/44750/fintechafrica/key-fintech-trends-in-africa-to-watch-in-2025/
AU mames Nigeria Digital Trade Champion, set to lead Africa’s digital economy growth
The African Union (AU) has officially endorsed Nigeria as the Digital Trade Champion for the continent under the Africa Continental Free Trade Area (AfCFTA) Digital Trade Protocol.
This comes in light of Nigeria’s remarkable strides in promoting digital enterprise and innovation across Africa.
The endorsement was announced at the 38th Ordinary Session of the AU Assembly of Heads of State and Government, which concluded on Sunday in Addis Ababa, Ethiopia.
How DeepSeek Can Improve African FinTech Infrastructure
The FinTech sector in Africa has seen widespread growth in recent years; startups are changing the way that people send money and invest it. And yet, even after these gains, it remains a difficult market full of traditional impediments such as low access to financial services and transactions that can take whole days to complete, not to mention connectivity problems in digital infrastructure. This is where DeepSeek comes into its own—it’s a next-generation AI and data analytics platform that is helping FinTech companies improve their offering and bump up their security. It will be a game changer for Africa’s FinTech sector.
Read more: https://techcabal.com/2025/02/18/how-deepseek-can-improve-african-fintech-infrastructure/
XPay and Huawei Cloud Services forge strategic partnership to accelerate the shift towards digital payments in Egypt
Cairo, Egypt – XPay, a fintech startup providing seamless payment solutions for businesses of all sizes, is pleased to announce a strategic partnership with Huawei Cloud Services, a leading global provider of information and communications technology (ICT) infrastructure and smart devices. This collaboration reinforces XPay’s position as a driving force in Egypt’s digital payment ecosystem, while leveraging the Huawei Cloud Services cutting-edge technology to enhance digital payment capabilities.
As an official Huawei Cloud Services partner, XPay will focus on increasing market impact and broadening the reach of digital payment services through scalable solutions that meet local and global standards. Together, the two companies with a shared vision, will work towards a 360-degree approach to digital payments, ensuring seamless financial transactions for businesses of all sizes.
Visa launches Tap to Add Card in three new markets
Visa says Tap to Add Card eliminates the cumbersome process of manual entry, a common source of errors and a vulnerability exploited by fraudsters seeking to compromise sensitive card information.
The tap generates a unique, one-time code validated by Visa’s Chip Authenticate service, ensuring secure provisioning of card credentials.
Visa says Tap to Add Card is designed to benefit all stakeholders in the payments ecosystem:
Read more: finextra.com/newsarticle/45520/visa-launches-tap-to-add-card-in-three-new-markets a
Mastercard launches suite of tools to support mid-market companies
The new offering will be available in the U.S. initially, with plans to scale globally. It combines Mastercard’s digital payments technology and several of its value-added services with enhanced features from leading partners that provide transparency, automation, and security.
There is an untapped opportunity to support the growth and digitization of middle market companies, specifically the lower-middle market, which is broadly defined as companies with annual revenues between $10M and $100M, or with roughly 50-250 employees. New insights from Mastercard research revealed that fewer than 10 percent of financial providers offered services that support holistic financial visibility – exposing a significant capability gap for the segment. In parallel, middle market companies are placing increasing importance on tailored solutions, so much so that other Mastercard research showed four out of 10 would switch providers if offered products with a better fit.
