{"id":590820,"date":"2023-07-26T00:00:00","date_gmt":"2023-07-26T00:00:00","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2023\/07\/26\/fawry-confirms-saudi-talks-kicking-tires-on-digital-banking-license-in-egypt\/"},"modified":"2023-07-26T00:00:00","modified_gmt":"2023-07-26T00:00:00","slug":"fawry-confirms-saudi-talks-kicking-tires-on-digital-banking-license-in-egypt","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2023\/07\/26\/fawry-confirms-saudi-talks-kicking-tires-on-digital-banking-license-in-egypt\/","title":{"rendered":"Fawry confirms Saudi talks, kicking tires on digital banking license in Egypt"},"content":{"rendered":"

FINTECH-<\/strong><\/p>\n

Fawry in talks to set up in KSA:<\/strong> Egypt\u2019s leading e-payments player Fawry has entered preliminary talks with the Saudi central bank to obtain a license to operate in the country, it confirmed in a statement (pdf)<\/a>. \u201cThe discussions are in line with the company\u2019s long-term regional expansion plans into the GCC and are expected to culminate in a final assessment by year-end,\u201d the company said. CEO Ashraf Sabry told Asharq Business<\/a> earlier this month that the company is looking to enter the country. <\/p>\n

Fawry is also looking into whether it wants to throw its hat into the digital banking ring in Egypt <\/strong>when the central bank gives the OK to the still-nascent sector. <\/p>\n

HEALTHCARE-<\/strong><\/p>\n

Egypt could set up its first blood bag factory with private-sector help: <\/strong>Public Enterprises Minister Mahmoud Esmat discussed setting up Egypt\u2019s first blood bag and blood transfusion supplies factory with a number of Unified Procurement Authority yesterday, the Public Enterprises Ministry said in a statement<\/a>. The factory will be established by the authority, the Holding Company for Pharma Industries (HoldiPharma), two private-sector players, and an unnamed Japanese company. The factory will aim to fulfill local market needs, with the rest going towards exports to neighboring countries. <\/p>\n","protected":false},"excerpt":{"rendered":"

The company wants to obtain a license to set up in the country<\/p>\n","protected":false},"author":1,"featured_media":590821,"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":[111,72,519,183,7115,1320,427],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-590820","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-also-on-our-radar","tag-also-on-our-radar","tag-enterpriseam","tag-fawry","tag-fintech","tag-healthcare","tag-holdipharma","tag-pharma","wpautop","entry"],"acf":{"mongo_id":"ffd5e8c7-18f8-4651-960d-86df38fb51fc","is_powered_by":true,"story_type":"1","photo_url":"https:\/\/ent.news\/2023\/7\/1048.jpg","photo_position":"above","homepage_title":"","full_issue_title":"Fawry confirms Saudi talks, kicking tires on digital banking license in Egypt","related_issue":[590799],"teaser":"The company wants to obtain a license to set up in the country","voice_url":"https:\/\/s3.us-east-1.amazonaws.com\/ent.news\/audio\/2023\/7\/.9c38a7a9-0cdf-441d-a813-56923835f4fb.mp3"},"yoast_head":"\nFawry confirms Saudi talks, kicking tires on digital banking license in Egypt - 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The\u2026","rel":"","context":"In "Also on our Radar"","block_context":{"text":"Also on our Radar","link":"https:\/\/enterpriseam.com\/egypt\/category\/also-on-our-radar\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":574730,"url":"https:\/\/enterpriseam.com\/egypt\/2020\/09\/20\/egypts-fawry-mulls-launching-emerging-tech-investment-arm-in-2021\/","url_meta":{"origin":590820,"position":4},"title":"Egypt\u2019s Fawry mulls launching emerging tech investment arm in 2021","author":"enterpriseam admin","date":"20 September 2020","format":false,"excerpt":"Egyptian e-payment giant Fawry is considering establishing a new company to invest in emerging technology startups and firms, CEO Ashraf Sabry told Al Mal. The company will complete feasibility studies for the venture this year, and decide on whether to launch in early 2021, Sabry added. Fawry has opted out\u2026","rel":"","context":"In "Banking + Finance"","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":[]},{"id":621467,"url":"https:\/\/enterpriseam.com\/egypt\/2018\/11\/08\/fawry-plus-signs-with-13-major-egyptian-banks-to-offer-banking-services\/","url_meta":{"origin":590820,"position":5},"title":"Fawry Plus signs with 13 major Egyptian banks to offer banking services","author":"enterpriseam admin","date":"8 November 2018","format":false,"excerpt":"E-payments outlet Fawry Plus signed contracts with 13 local banks, including CIB and the National Bank of Egypt, to start offering limited banking services to the banks\u2019 customers before year-end, a source from the company told Al Mal. The service will initially allow bill payment and access to smart wallets,\u2026","rel":"","context":"In "Banking + Finance"","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\/590820","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=590820"}],"version-history":[{"count":0,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts\/590820\/revisions"}],"acf:post":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/issue\/590799"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/media\/590821"}],"wp:attachment":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/media?parent=590820"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/categories?post=590820"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/tags?post=590820"},{"taxonomy":"brand","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/brand?post=590820"},{"taxonomy":"newspack_spnsrs_tax","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/newspack_spnsrs_tax?post=590820"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}