Fawry is looking to spend EGP 300 mn in the second half of the fiscal year to upgrade its systems, CEO Ashraf Sabry said in a story by Al Masry Al Youm. The firm is also planning on expanding its number of outlets to 100k by the end of the year from 65k currently. Fawry processes a daily 1.5 mn transactions daily, good for EGP 2.5 bn per month, of which 35% are prepaid phone cards.

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