SnapScan allows South African customers to check out quicker and more securely with a scan or tap via card details stored on their phone. Customers spend less time in checkout, and more time shopping!

Fawry Plus is the first banking agent authorized by the Central Bank of Egypt (CBE), providing diverse banking and financial services, in addition to other unique services, to individuals and businesses through a network or retail branches. Fawry Plus aims to cover all Egypt, especially the areas that have an insufficient number of financial institutions compared to the population density. With Fawry Plus, financial services will become easier and more convenient.

Fawry platform allows you to access a long list of payments opportunities in a very easy, transparent and efficient way

“The subscriptions for both the public and private offerings for Fawry were large and strong because the industry itself is new to the market and has greater than average growth,” said Radwa El-Swaify, head of research at Pharos Securities Brokerage.

Fawry is the dominant ecommerce payment method in Egypt, accounting for almost 60% of payments. This e-voucher product allows shoppers to purchase online and pay afterwards using a 6 digit reference. This reference can be used to pay  at a variety of outlets (retail shops, ATMs or online banking) at more than 166,000 locations in 300 cities nationwide.

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

Share7KTweetShareWhatsAppEmail7K SharesEgyptian electronic payments company Fawry now has a market cap of over $1 billion. It achieved the feat during the intraday trading, with its share price rising to EGP 22.69 which gives it a market cap of EGP 16 billion or $1 billion (for the first time). With this, Fawry has become the first technology company in Egypt to get to the billion-dollar valuation.

Fawry Banking and Payment Technology Services- a joint venture between HSBC, Arab African International Bank, Bank of Alexandria, EFG Hermes, Raya Holding and Fawry management)- is an electronic bill payment and presentment (EBPP) network that enables the Egyptian public to conveniently and securely pay their bills and topup their mobile phones through the various electronic channels available at banks and a network of retailers.

M-Pesa also works for businesses, which can use the service to pay for business transactions. Business can also receive payments from customers via the paybill facility and can pay employees directly into their M-Pesa accounts.

M-Pesa, the mobile money service success story that began in Kenya in 2007 is continuing its march, this time into the surprising location of Romania, raising the questions, what will the product look like in this new European market and how will it fare. At the end of last month Vodafone, the operator behind the new service and one of Romania’s largest telcos, began operations using the country’s 300 Vodafone Romania stores, participating retail outlets, and authorized agents.

Launched by Safaricom, Kenya's leading mobile provider, M-Pesa is a mobile payment service that has brought the enjoyment and convenience of mobile payment to people. In its ten years of growth, M-Pesa has expanded from a person-to-person money transfer service to a payments service that people can use to pay for shopping, medical care, education, and many other things. It has become a household brand name in Kenya and one of the most successful examples of a mobile payment service in the world.

M-Pesa “grew at a blistering pace following its inception in 2007.” [1] In less than two years from its launch, M-Pesa had become the leading money transfer method in the country, with over 50 percent of people sending money via M-Pesa and over 65 percent receiving funds through the system in 2009. By 2015 there were 19.9 million active M-Pesa users, up 18 percent from 2013/14. It is said that 43 percent of Kenya's GDP flowed through M-Pesa, with over 237 million person-to-person transactions.

Customers who sign up for the M-Pesa service can convert between e-cash and real cash (these are called cash-in / cash-out transactions), and can transfer e-cash from their account to that of another account holder via SMS.

M-Pesa (M for mobile, pesa is Swahili for money) is a mobile-phone based money transfer and microfinancing service, launched in 2007 by Vodafone for Safaricom and Vodacom, the largest mobile network operators in Kenya and Tanzania. It has since expanded to Afghanistan, South Africa, India and in 2014 to Eastern Europe. M-Pesa allows users with a national ID card or passport to deposit, withdraw, and transfer money easily with a mobile device.