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Consumers can download the MasterPass app from their app store, register, and load their credit, debit or cheque cards from any bank into the digital wallet. To pay, Masterpass users simply need to scan a QR code, or SnapCode, displayed at point of sale or online at a wide range of SnapScan merchants including coffee shops, professionals like doctors and market vendors. They then enter the payment amount into their Masterpass app and confirm the transaction with their ATM pin code or a one-time pin code sent to their mobile phones.

Money transfer company, SimbaPay, has expanded its services to Ghana and Uganda. This means that SimbaPay users living in Europe can transfer money to their loved ones via mobile money or their bank accounts. SimbaPay users with a bank account or debit card can use the service to securely make money transfers. The transfers are credited to recipients immediately or after 3 days depending on which option the user selects. Recipients can then access the money through mobile money channels or via their bank accounts.

The shares that were listed at the price of EGP 6.46 soared 31 percent to close at EGP 8.48  on the first day of trading, which gives the company a market cap close to EGP 6 billion or $366 million.

Fawry was acquired by a consortium of three investors; Helios Investment Partners, MENA Long-Term Value Fund, and Egyptian-American Enterprise in 2015. The three investors had reportedly acquired 85 percent of the company at a valuation of $100 million.

A Kenyan-owned digital money transfer firm, SimbaPay, is taking not only the local but also the international money remittance sector by storm.The London-based firm, started with the aim of helping out Kenyans living in the diaspora pay bills through M-Pesa, has over the years grown into a full-fledged money transfer firm joining the likes of Western Union and MoneyGram in the market.Unlike conventional players, SimbaPay strives to make money transfer painless to both the sender and recipient.The tech firm allows citizens residing in the European Union to send money home instantly through its application.People with a bank account, debit or credit card use mobile phones or tablets to access the app and transfer money to recipients’ mobile money wallets such as M-Pesa or MTN mobile money or bank account.

“We are able to roll out new countries on our platform at a low cost which then allows us to pass on these savings to customers. We can do this due to our technology that allows transactions to be processed at breakneck speed with zero human interaction,” said SimbaPay chief executive officer Nyasinga Onyancha.The firm’s compliance and onboarding of customers is handled within the app, making it significantly easier for customers to sign up and start sending money to loved ones within minutes.

“We are able to roll out new countries on our platform at a low cost which then allows us to pass on these savings to customers. We can do this due to our technology that allows transactions to be processed at breakneck speed with zero human interaction,” said SimbaPay chief executive officer Nyasinga Onyancha.

Fawry is a pioneering Electronic Payment Network, offering financial services to consumers and businesses through more than 65 thousand locations and a variety of channels. It offers a convenient and reliable way to pay bills and other services in multiple channels (online, using 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

Fawry is a pioneering Electronic Payment Network, offering financial services to consumers and businesses

Fawry is a pioneering Electronic Payment Network, offering financial services to consumers and businesses through more than 65 thousand locations and a variety of channels. It offers a convenient and reliable way to pay bills and other services in multiple channels (online, using ATMs , mobile wallets and retail points)The company'snetwork 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.

Like many parts of the developing world, Africans are significantly less likely to have bank accounts and credit or debit cards. But mobile phones have penetrated the African market, and in countries such as Nigeria and Kenya, the majority of people have a workable phone.

M-Pesa is a Kenyan mobile payments platform, one of the first of its kind in Africa (

he service has been a runaway success since launching in 2007, operating in 10 countries across Africa, the Middle East, and Southeast Asia and earning Safaricom 19.4 billion shillings (about $190 million) in the first half of 2015. It seems likely that as cell phone use continues to proliferate on the African continent, M-Pesa's transactions will grow, too.

Kenyans living abroad. will now be able to use their bank accounts, debit or credit cards, to pay their bills back home using the SimbaPay app. The service is piloting in the UK, with further expansion into other EU regions in the works.

The MoneyFellows app is pretty simple. You create a profile and go through an onboarding process, which includes a financial assessment which determines each user’s maximum limit of money circle they can join. From there, each user can browse the available money circles by searching and filtering by monthly payment, total cash-out and the cash-out schedule most suitable to them. Once you’ve joined a money circle - and that money circle is complete - there are several ways to both send and receive money, including bank transfers, credit card payments, mobile wallets and Fawry. Some corporate companies have also signed up with MoneyFellows, allowing their employees to have their money circle dues directly taken from their salaries.

In the framework of its concern in making it easy for citizens to pay for accessing its e-services via the Internet, in order to reach a society more dependent on electronic payments; WATCH iT! has announced signing a partnership agreement with Fawry the leading Fintech network in Egypt to offer its services through “Fawry Pay” to the public. WATCH iT! It is the first of its kind in Egypt and the newest in the Middle East and North Africa, where the number of its users reaches 1.5 million users and has a huge library the most diverse, containing more than 650 thousand entertainment hours of movies, series and programs that suit all ages.

In the framework of its concern in making it easy for citizens to pay for accessing its e-services via the Internet, in order to reach a society more dependent on electronic payments; WATCH iT! has announced signing a partnership agreement with Fawry the leading Fintech network in Egypt to offer its services through “Fawry Pay” to the public.