{"id":543578,"date":"2022-02-08T03:51:45","date_gmt":"2022-02-08T03:51:45","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2022\/02\/08\/e-finance-signs-first-agreement-outside-of-egypt\/"},"modified":"2022-02-08T03:51:45","modified_gmt":"2022-02-08T03:51:45","slug":"e-finance-signs-first-agreement-outside-of-egypt","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2022\/02\/08\/e-finance-signs-first-agreement-outside-of-egypt\/","title":{"rendered":"e-Finance signs first agreement outside of Egypt"},"content":{"rendered":"<p><a class=\"content-anchor\" id=\"tldr-story-04\"><\/a> <strong>e-Finance steps out of Egypt:<\/strong> <a href=\"https:\/\/www.ecards.com.eg\/\">e-Cards<\/a>, a subsidiary of EGX-listed fintech player e-Finance, has signed a 10-year contract with Zimbabwean healthcare company <a href=\"https:\/\/tresgroupe.com\/\">Tres<\/a><a href=\"https:\/\/tresgroupe.com\/\">Groupe International<\/a> to supply smart cards, e-Finance announced in <a href=\"https:\/\/ent.news\/2022\/2\/E-Finance-07-02-2022-EN.pdf\">a statement (pdf)<\/a> to the EGX yesterday.<\/p>\n<p><strong>The contract:<\/strong> The company will provide more than 2 mn people with prepaid cards that can be used to pay for health services, in addition to 7k POS machines. e-Cards will also manage the system on behalf of TGI for the 10-year period.<\/p>\n<p><strong>What they said:<\/strong> \u201cThis marks the beginning of the group\u2019s strategic plans to expand its service offering to Africa,\u201d e-Finance Chairman Ibrahim Sarhan said in the statement. \u201c[The] partnership with TGI in Zimbabwe is a stepping stone for e-Finance as a group to begin offering its experience and various digital solutions across Africa.\u201d<\/p>\n<p><strong>In other fintech news:<\/strong><\/p>\n<ul>\n<li>e-Finance\u2019s digital payments arm <strong><a href=\"https:\/\/khales.com\/\">Khales<\/a><\/strong> has applied to the Financial Regulatory Authority to <strong>obtain consumer finance<\/strong> and <strong>microfinance licenses<\/strong>, Sarhan said at a presser yesterday. (<a href=\"https:\/\/alborsaanews.com\/2022\/02\/07\/1505969\">Al Borsa<\/a> | <a href=\"https:\/\/bit.ly\/3GyLacb\">Al Mal<\/a>)<\/li>\n<li>The <strong>National Bank of Egypt<\/strong> has committed <strong>USD 30 mn<\/strong> to a <strong>UAE-based fintech <\/strong><strong>investment fund<\/strong> and will invest <strong>EGP 100 mn <\/strong>in Digital Finance Holding\u2019s upcoming <strong><a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/5c852723-3aab-4603-b7a4-6a79d36bf264\">venture debt fund Camel Ventures<\/a><\/strong>. (<a href=\"https:\/\/alborsaanews.com\/2022\/02\/07\/1505714\">Al Borsa<\/a>)<\/li>\n<\/ul>\n","protected":false},"excerpt":{"rendered":"<p>e-Finance steps out of Egypt: e-Cards, a subsidiary of EGX-listed fintech player e-Finance, has signed a 10-year contract with Zimbabwean healthcare company TresGroupe International to supply smart cards, e-Finance announced in a statement (pdf) to the EGX yesterday. The contract: The company will provide more than 2 mn people with prepaid cards that can be [&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":[7323],"tags":[7098,849,514,846,339,72,76,183,7115,847,311,248,595,848,524],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-543578","post","type-post","status-publish","format-standard","hentry","category-fintech","tag-africa","tag-camel-ventures","tag-consumer-finance","tag-digital-finance-holding","tag-e-finance","tag-enterpriseam","tag-financial-regulatory-authority","tag-fintech","tag-healthcare","tag-khales","tag-microfinance","tag-national-bank-of-egypt","tag-non-banking-financial-services","tag-venture-debt","tag-zimbabwe","wpautop","entry"],"acf":{"mongo_id":"8a5a7ae0-ea4b-404e-bfbb-7417e4701fcd","is_powered_by":true,"story_type":"1","photo_url":"","photo_position":"above","related_issue":[543567],"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>e-Finance signs first agreement outside of Egypt - 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\/08\/e-finance-signs-first-agreement-outside-of-egypt\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"e-Finance signs first agreement outside of Egypt\" \/>\n<meta property=\"og:description\" content=\"e-Finance steps out of Egypt: e-Cards, a subsidiary of EGX-listed fintech player e-Finance, has signed a 10-year contract with Zimbabwean healthcare company TresGroupe International to supply smart cards, e-Finance announced in a statement (pdf) to the EGX yesterday. 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