{"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. The country\u2019s biggest e-payments provider is [&hellip;]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/enterpriseam.com\/egypt\/2022\/02\/01\/fawry-sees-400-y-o-y-boom-in-online-payments-in-2021\/\" \/>\n<meta property=\"og:site_name\" content=\"EnterpriseAM Egypt\" \/>\n<meta property=\"article:published_time\" content=\"2022-02-01T04:01:08+00:00\" \/>\n<meta name=\"author\" content=\"enterpriseam admin\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"enterpriseam admin\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"1 minute\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2022\/02\/01\/fawry-sees-400-y-o-y-boom-in-online-payments-in-2021\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2022\/02\/01\/fawry-sees-400-y-o-y-boom-in-online-payments-in-2021\/\"},\"author\":{\"name\":\"enterpriseam admin\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#\/schema\/person\/ca597032db7e4db868359c123cec256d\"},\"headline\":\"Fawry sees 400% y\u2013o-y boom in online payments in 2021\",\"datePublished\":\"2022-02-01T04:01:08+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2022\/02\/01\/fawry-sees-400-y-o-y-boom-in-online-payments-in-2021\/\"},\"wordCount\":178,\"publisher\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#organization\"},\"keywords\":[\"ALSO ON OUR RADAR\",\"automotive\",\"Brightskies\",\"Catalyst Partners\",\"EDECS\",\"Egyptera\",\"Electricity Ministry\",\"Elsewedy Electric\",\"energy\",\"Engineering Automotive Manufacturing Company\",\"EnterpriseAM\",\"EVs\",\"Fawry\",\"Fintech\",\"Green Economy\",\"logistics\",\"renewable energy\",\"renewables\",\"South Korea\"],\"articleSection\":[\"Also on our Radar\"],\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2022\/02\/01\/fawry-sees-400-y-o-y-boom-in-online-payments-in-2021\/\",\"url\":\"https:\/\/enterpriseam.com\/egypt\/2022\/02\/01\/fawry-sees-400-y-o-y-boom-in-online-payments-in-2021\/\",\"name\":\"Fawry sees 400% y\u2013o-y boom in online payments in 2021 - 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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":546057,"url":"https:\/\/enterpriseam.com\/egypt\/2022\/04\/26\/earnings-watch-sodic-idh-fawry-obour-land\/","url_meta":{"origin":543447,"position":2},"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":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":566017,"url":"https:\/\/enterpriseam.com\/egypt\/2021\/05\/23\/fawry-sees-bottom-line-surge-in-1q2021\/","url_meta":{"origin":543447,"position":4},"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":561261,"url":"https:\/\/enterpriseam.com\/egypt\/2021\/03\/31\/fawry-net-income-surges-81-in-2020\/","url_meta":{"origin":543447,"position":5},"title":"Fawry net income surges 81% in 2020","author":"enterpriseam admin","date":"31 March 2021","format":false,"excerpt":"Fawry\u2019s net income increased 81% y-o-y in 2020 to reach EGP 186 mn, up from EGP 103 mn the year before, according to a company earnings release (pdf). Revenues were up almost 40% to EGP 1.2 bn, thanks to rapid growth in the company\u2019s microfinance and banking services. The strong\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":[]}],"_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}]}}