FINANCIAL NEWS

Egypt’s Fawry grow its POS to 60,000 by end of 2016

20 Jan 2016

(MENAFN) Fawry for e-payment services intends to attain a 35-50 percent growth in its business at the end of this year.

Furthermore, the e-payment market in Egypt will grow by 60 percent in the cited year, driven by the increasing need for mobile money changes and the activation of electronic payments in various services.

Additionally, Fawry plans to add USD 1.9mn through the first half (H1) of 2016, in order to develop the performance of its services.

It will also involve solutions for electricity firms and nine companies in the water sector, and will pay for traffic tickets and license costs electronically.

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