{"id":543447,"date":"2022-02-01T04:01:08","date_gmt":"2022-02-01T04:01:08","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2022\/02\/01\/fawry-sees-400-y-o-y-boom-in-online-payments-in-2021\/"},"modified":"2022-02-01T04:01:08","modified_gmt":"2022-02-01T04:01:08","slug":"fawry-sees-400-y-o-y-boom-in-online-payments-in-2021","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2022\/02\/01\/fawry-sees-400-y-o-y-boom-in-online-payments-in-2021\/","title":{"rendered":"Fawry sees 400% y\u2013o-y boom in online payments in 2021"},"content":{"rendered":"<p><a class=\"content-anchor\" id=\"tldr-story-07\"><\/a><strong> Fawry saw transaction values surge last year:<\/strong> The e-payments giant processed EGP 6 bn worth of cashless POS transactions through its Fawry Accept service in 2021, up 232% y-o-y, and EGP 5 bn worth of online payments, up 400% y-o-y, the company said in <a href=\"https:\/\/ent.news\/2022\/1\/Fawry-tops-the-Acceptance-Segment-through-its-comprehensive-Fawry-Accept-Solutions-Bundle.pdf\">a statement (pdf)<\/a> this week. The country\u2019s biggest e-payments provider is eyeing further expansion, <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/b39b1b1b-5efa-4e74-a05e-e910d41454a2\">recently announcing<\/a> a planned EGP 800 mn capital increase to help launch its pre-paid cards as it seeks to turn MyFawry into a super-app, as well as a potential US listing. It also launched the region\u2019s first <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/f46074c4-e6d1-4dcb-83e1-b76e834652ca\">fintech-distributed money market fund<\/a> in partnership with Misr Capital a few weeks back.<\/p>\n<p><strong>Other things we\u2019re keeping an eye on this morning:<\/strong><\/p>\n<ul>\n<li>Investment firm <strong>Catalyst Partners <\/strong><strong><a href=\"https:\/\/bit.ly\/348cHUt\">is looking to<\/a><\/strong>establish subsidiaries in the <strong>UAE, Saudi Arabia <\/strong><strong>and <\/strong><strong>Morocco<\/strong> this year, following recent moves to expand into <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/b47597a0-70d6-4847-8152-a200afcf370b\">logistics<\/a> and <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/062c2c8a-8348-4ce3-a404-80c364835c35\">ins. services<\/a>.<\/li>\n<li><strong>El Sewedy Electric for Trading and Distribution<\/strong> has signed <a href=\"https:\/\/ent.news\/2022\/1\/%D8%A7%D9%84%D8%B3%D9%88%D9%8A%D8%AF%D9%89-%D8%A7%D9%86%D8%AC%D9%84%D9%8A%D8%B2%D9%89-31-01-2022.pdf\">an<\/a><strong><a href=\"https:\/\/ent.news\/2022\/1\/%D8%A7%D9%84%D8%B3%D9%88%D9%8A%D8%AF%D9%89-%D8%A7%D9%86%D8%AC%D9%84%D9%8A%D8%B2%D9%89-31-01-2022.pdf\">EGP 615 mn<\/a><\/strong><strong><a href=\"https:\/\/ent.news\/2022\/1\/%D8%A7%D9%84%D8%B3%D9%88%D9%8A%D8%AF%D9%89-%D8%A7%D9%86%D8%AC%D9%84%D9%8A%D8%B2%D9%89-31-01-2022.pdf\">contract<\/a><\/strong><a href=\"https:\/\/ent.news\/2022\/1\/%D8%A7%D9%84%D8%B3%D9%88%D9%8A%D8%AF%D9%89-%D8%A7%D9%86%D8%AC%D9%84%D9%8A%D8%B2%D9%89-31-01-2022.pdf\">(pdf)<\/a> with construction firm <strong><a href=\"https:\/\/www.edecs.com\/\">EDECS<\/a><\/strong> to complete network and infrastructure work at <strong>Alexandria Port. <\/strong><\/li>\n<\/ul>\n","protected":false},"excerpt":{"rendered":"<p>Fawry saw transaction values surge last year: The e-payments giant processed EGP 6 bn worth of cashless POS transactions through its Fawry Accept service in 2021, up 232% y-o-y, and EGP 5 bn worth of online payments, up 400% y-o-y, the company said in a statement (pdf) this week. The country\u2019s biggest e-payments provider is [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"single-feature.php","format":"standard","meta":{"_acf_changed":false,"newspack_ads_suppress_ads":false,"newspack_popups_has_disabled_popups":false,"newspack_sponsor_sponsorship_scope":"","newspack_sponsor_native_byline_display":"inherit","newspack_sponsor_native_category_display":"inherit","newspack_sponsor_underwriter_style":"inherit","newspack_sponsor_underwriter_placement":"inherit","ep_exclude_from_search":false,"_primary_brand":0,"newspack_featured_image_position":"","newspack_post_subtitle":"","newspack_article_summary_title":"Overview:","newspack_article_summary":"","newspack_hide_updated_date":false,"newspack_show_updated_date":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[7209],"tags":[111,144,771,466,772,769,770,152,93,420,72,356,519,183,246,145,150,151,414],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-543447","post","type-post","status-publish","format-standard","hentry","category-also-on-our-radar","tag-also-on-our-radar","tag-automotive","tag-brightskies","tag-catalyst-partners","tag-edecs","tag-egyptera","tag-electricity-ministry","tag-elsewedy-electric","tag-energy","tag-engineering-automotive-manufacturing-company","tag-enterpriseam","tag-evs","tag-fawry","tag-fintech","tag-green-economy","tag-logistics","tag-renewable-energy","tag-renewables","tag-south-korea","wpautop","entry"],"acf":{"mongo_id":"c1c3d7ce-4443-4170-aaf3-74f3c683184b","is_powered_by":true,"story_type":"1","photo_url":"","photo_position":"above","related_issue":[543426],"teaser":"","voice_url":""},"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v27.1 (Yoast SEO v27.1.1) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>Fawry sees 400% y\u2013o-y boom in online payments in 2021 - EnterpriseAM Egypt<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/enterpriseam.com\/egypt\/2022\/02\/01\/fawry-sees-400-y-o-y-boom-in-online-payments-in-2021\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Fawry sees 400% y\u2013o-y boom in online payments in 2021\" \/>\n<meta property=\"og:description\" content=\"Fawry saw transaction values surge last year: The e-payments giant processed EGP 6 bn worth of cashless POS transactions through its Fawry Accept service in 2021, up 232% y-o-y, and EGP 5 bn worth of online payments, up 400% y-o-y, the company said in a statement (pdf) this week. 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Revenues climbed to EGP 373.3 mn during the\u2026","rel":"","context":"In &quot;Speed Round&quot;","block_context":{"text":"Speed Round","link":"https:\/\/enterpriseam.com\/egypt\/category\/speed-round\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":555493,"url":"https:\/\/enterpriseam.com\/egypt\/2021\/11\/16\/earnings-watch-fawry-elsewedy-electric-gb-auto-and-rameda\/","url_meta":{"origin":543447,"position":1},"title":"Earnings watch: Fawry, Elsewedy Electric, GB Auto, and Rameda","author":"enterpriseam admin","date":"16 November 2021","format":false,"excerpt":"E-payments giant Fawry saw its bottom line ease 26% to EGP 36.1 mn in 3Q2021, according to its earnings release (pdf). Revenues rose 31% y-o-y during the quarter to EGP 448.3 mn.On a nine-month basis, Fawry\u2019s net income is nevertheless up 25% over the same period last year at EGP\u2026","rel":"","context":"In &quot;EARNINGS WATCH&quot;","block_context":{"text":"EARNINGS WATCH","link":"https:\/\/enterpriseam.com\/egypt\/category\/companies\/earnings-watch\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2021\/11\/477.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":566017,"url":"https:\/\/enterpriseam.com\/egypt\/2021\/05\/23\/fawry-sees-bottom-line-surge-in-1q2021\/","url_meta":{"origin":543447,"position":2},"title":"Fawry sees bottom line surge in 1Q2021","author":"enterpriseam admin","date":"23 May 2021","format":false,"excerpt":"The EGX30 rose 0.75% at today\u2019s close on turnover of EGP 1.29 bn (2.2% above the 90-day average). Foreign investors were net sellers. The index is down 0.35% YTD. In the green: ElSewedy Electric (+4.8%), Heliopolis Housing (+3.3%) and Sodic (+1.9%). In the red: Edita (-3.7%), Oriental Weavers (-1.9%) and\u2026","rel":"","context":"In &quot;GO WITH THE FLOW&quot;","block_context":{"text":"GO WITH THE FLOW","link":"https:\/\/enterpriseam.com\/egypt\/category\/go-with-the-flow\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":616492,"url":"https:\/\/enterpriseam.com\/egypt\/2024\/03\/06\/fawrys-net-income-rose-198-y-o-y-in-2023\/","url_meta":{"origin":543447,"position":3},"title":"Fawry\u2019s net income rose 198% y-o-y in 2023","author":"enterpriseam admin","date":"6 March 2024","format":false,"excerpt":"The company also saw its top line grow 44% y-o-y to a record EGP 3.3 bn","rel":"","context":"In &quot;EARNINGS WATCH&quot;","block_context":{"text":"EARNINGS WATCH","link":"https:\/\/enterpriseam.com\/egypt\/category\/companies\/earnings-watch\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2024\/3\/423.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":546057,"url":"https:\/\/enterpriseam.com\/egypt\/2022\/04\/26\/earnings-watch-sodic-idh-fawry-obour-land\/","url_meta":{"origin":543447,"position":4},"title":"Earnings Watch: SODIC, IDH, Fawry, Obour Land","author":"enterpriseam admin","date":"26 April 2022","format":false,"excerpt":"Real estate giant SODIC\u2019s bottom line more than doubled y-o-y in 1Q 2022 to reach EGP 226 mn, according to the company\u2019s earnings release (pdf). Revenues for the quarter came in at EGP 1.19 bn, rising 40% y-o-y.Meanwhile, our friends at the upmarket real estate developer delivered record first-quarter gross\u2026","rel":"","context":"In &quot;EARNINGS WATCH&quot;","block_context":{"text":"EARNINGS WATCH","link":"https:\/\/enterpriseam.com\/egypt\/category\/companies\/earnings-watch\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":644778,"url":"https:\/\/enterpriseam.com\/egypt\/2017\/07\/03\/fawry-planning-egp-400-mn-expansion-in-coming-18-months\/","url_meta":{"origin":543447,"position":5},"title":"Fawry planning EGP 400 mn expansion in coming 18 months","author":"enterpriseam admin","date":"3 July 2017","format":false,"excerpt":"E-payments platform Fawry is planning a EGP 400 mn expansion over the next 18 months of its online payment network and upgrade its infrastructure, CEO Ashraf Sabry said, according to Al Borsa. Fawry is also partnering with seven new banks to offer mobile wallet services in the near future, he\u2026","rel":"","context":"In &quot;Banking + Finance&quot;","block_context":{"text":"Banking + Finance","link":"https:\/\/enterpriseam.com\/egypt\/category\/banking-finance\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]}],"_links":{"self":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts\/543447","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/comments?post=543447"}],"version-history":[{"count":0,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts\/543447\/revisions"}],"acf:post":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/issue\/543426"}],"wp:attachment":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/media?parent=543447"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/categories?post=543447"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/tags?post=543447"},{"taxonomy":"brand","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/brand?post=543447"},{"taxonomy":"newspack_spnsrs_tax","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/newspack_spnsrs_tax?post=543447"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}