Basata Financial Holding, a leading investor in Egypt’s non-banking financing service sector, entered into a strategic partnership with Edge Holding for Investments to boost financial inclusion in Egypt

Basata Holding for Financial Payments, a leading digital payment company, has launched a Basata Card in partnership with Connect Money, a fintech company focused on banking technology.

Basata Holding for Financial Payments S.A.E has strengthened its presence in Jordan by increasing its stake in MadfoatCom, the country’s leading electronic payment provider, to 25%.

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.

The board of directors of B Investments has approved swapping all of its shares amounting to around 16.5% in Basata Holding for Financial Payments via a non-cash share swap transaction at a swap ratio of 1:1.

MID Takseet, a consumer finance solutions provider, has entered into a partnership with financial technology firm Basata to simplify installment payment processes for its customers.

Contact Pay, a subsidiary of Contact Financial Holding, has signed a partnership agreement with a subsidiary of Basata Holding for Financial Payments to bolster the e-payment infrastructure in Egypt.

Basata Holding for Financial Payments and the Jordan Kuwait Bank have acquired a 27.1% stake in the Jordanian e-payment firm MadfoatCom.

Basata Holding for Financial Payments is planning to increase its stake in the Jordanian fintech firm MadfoatCom to 49%.

B Investments Holding’s board has approved investing around $3 million in Basata Holding for Financial Payments and its subsidiaries.

The binding offer submitted by Basata Holding for Financial Payments and Jordan Kuwait Bank to acquire a 30% stake in Madfoatcom for Electronic Payment, the Jordan-based bill processing and payment provider, has been accepted.

MM Group for industry and International Trade (MTI) announced that Vodafone Egypt has received the Central Bank of Egypt’s (CBE) approval to raise its stakes in TBE Egypt for Payment Solutions and Services (Bee) and Applications and Payment Systems Development (Masary).

Basata Holding for Financial Payments is about to complete Vodafone Egypt’s stake increase deal in its two subsidiaries TBE Egypt for Payment Solutions and Services (Bee) and Applications and Payment Systems Development (Masary) from almost 10% to 20%.

Vodafone Egypt is seeking to raise its stake in Basata Holding for Financial Investments to 20% within the first quarter (Q1) of 2024 via capital increase.

Egyptian e-services payment provider Basata Holding is planning to launch new services in 2024 in to bolster digital transformation.