Cairo-based telecoms app Raseedy has launched a digital wallet in partnership with SAIB Bank and Mastercard, according to a press release (pdf). The product, which Raseedy bills as the country’s “first independent” digital wallet, allows users to transfer money, make QR code purchases, pay bills, hold virtual debit cards, and receive remittances from abroad. The company aims to see the wallet reach 1 mn users “in the coming months,” CEO and co-founder Jacques Marco said.

CORRECTION- 3 November 2020

An earlier version of this story incorrectly spelled Raseedy’s name as Raseedi, and linked to the incorrect website. 

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