Ride-hailing market revs up in Egypt
- ByReuters
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Fawry for Banking Technology and Electronic Payments S.A.E. operates as an electronic payment network in Egypt. Its network offers financial services to consumers and businesses. The company provides payment gateway and e-commerce solutions; and services for businesses include collection, customer acquisition, electronic cash, payment facilitation, and business-to-business collection center services. It also offers micro finance and insurance brokerage services, as well as fast moving consumer goods. The company provides services to pay bills and other services through various channels, such as online, ATMs, mobile wallets, retail shops, post offices, and little vendor kiosks. It offers its services to approximately 29.3 million customers, including payers, businesses, and financial institutions through approximately 225,000 service points. The company was founded in 2008 and is based in Cairo, Egypt.