Fawry processed EGP 500 mn-worth of sales for online retailers during 2Q2017, CEO Ashraf Sabry said yesterday, Al Masry Al Youm reports. The company’s revenues from e-commerce increased by 300% y-o-y for the period through the 60 or so websites they work with and has plans to have invested EGP 400 mn by the end of 2018 into upgrading and expanding its services, Sabry added. The company also plans to increase its Points-of-Sale to 70,000 by the end of the year from a current 60,000.

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