Money Fellows has achieved $1.5 billion in total transaction value, backed by over $60 million in funding from local and international investors

The Central Bank of Egypt (CBE) reported a surge in financial transactions carried out through the instant payment network (IPN) during the first quarter (Q1) of 2025, reaching 263 million, with a total value exceeding EGP 1.2 trillion, according to the CBE's Financial Stability report.

The Egyptian government is planning to submit a draft law to the parliament in February to cancel the capital gains tax on the Egyptian Exchange (EGX) transactions and reimpose a flat stamp tax.

The Central Bank of Egypt (CBE) has approved an increase in transaction limits for financial inclusion products.

Fawry MSME, a fully owned subsidiary of Fawry, has facilitated 750,000 transactions with a total value of EGP 2 billion since the beginning of 2024 via its buy now, pay later (BNPL) digital solution for Fawry merchants, “Alnota” Overdraft.

The board of directors of MM Group for Industry and International Trade (MTI) has approved swapping nearly 40.5% of shares in Basata Holding for Financial Payments via a non-cash share swap transaction at a par swap ratio of 1:1.

An ownership transfer transaction has been executed on 2.760 million shares of Raya Holding for Financial Investments (RAYA) at a value of EGP 9.522 million under the employee stock ownership plan (ESOP).

Instant payments will make up 22% of all non-cash transaction volumes by 2028, as per the Capgemini Research Institute’s World Payments Report 2025.

The Egyptian government is looking to cancel the capital gain tax levied on the Egyptian Exchange’s (EGX) transactions.

Beltone Holding announced that its arm, Beltone Securities Brokerage, has carried out EGP 34 billion worth of trade executions in 2023.

Abu Dhabi Islamic Bank-Egypt (ADIB Egypt) has raised the limits for credit card transactions abroad to $3,500.

A transaction has been executed on 58.350 million shares of Egyptians for Housing and Development Company (EHDR) for EGP 21.006 million within the framework of the employee stock ownership plan (ESOP).

A block-trading transaction worth EGP 40.4 million has been carried out on 2 million shares of Housing and Development Bank (HD Bank).

Taqa Arabia has seen a block-trading transaction worth at EGP 1.213 billion on the Egyptian Exchange (EGX).

The Egyptian Exchange (EGX) has canceled all the transactions carried out on TAQA Arabia’s shares during the firm’s first trading session.