Banque Misr to establish new e-payment firm within 3 months

Reuters Images/Mohamed Abd El Ghany

Banque Misr owns a 10% stake in Fawry, the largest electronic payment company in Egypt

Staff Writer, Arab Finance

April 28, 2023

PHOTO

Arab Finance: Banque Misr, the country's second-largest government lender, intends to establish an e-payment firm within the next three months, Asharq Business reported on April 27th, citing unnamed source familiar with the matter.

Banque Misr owns a 10% stake in Fawry, the largest electronic payment company in Egypt in terms of volume, number of operations and number of points of sale (POS).

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