{"id":638640,"date":"2017-10-10T03:46:18","date_gmt":"2017-10-10T03:46:18","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2017\/10\/10\/fawry-moves-egp-500-mn-for-e-commerce-websites\/"},"modified":"2017-10-10T03:46:18","modified_gmt":"2017-10-10T03:46:18","slug":"fawry-moves-egp-500-mn-for-e-commerce-websites","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2017\/10\/10\/fawry-moves-egp-500-mn-for-e-commerce-websites\/","title":{"rendered":"Fawry moves EGP 500 mn for e-commerce websites"},"content":{"rendered":"

Fawry processed EGP 500 mn-worth of sales for online retailers during 2Q2017, CEO Ashraf Sabry said yesterday, Al Masry Al Youm reports<\/a>. The company\u2019s revenues from e-commerce increased by 300% y-o-y for the period through the 60 or so websites they work with and has plans to have invested EGP 400 mn by the end of 2018 into upgrading and expanding its services, Sabry added. The company also plans to increase its Points-of-Sale to 70,000 by the end of the year from a current 60,000.<\/p>\n","protected":false},"excerpt":{"rendered":"

Fawry processed EGP 500 mn-worth of sales for online retailers during 2Q2017, CEO Ashraf Sabry said yesterday, Al Masry Al Youm reports. The company\u2019s revenues from e-commerce increased by 300% y-o-y for the period through the 60 or so websites they work with and has plans to have invested EGP 400 mn by the end […]<\/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":[9315],"tags":[72,2390],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-638640","post","type-post","status-publish","format-standard","hentry","category-other-business-news-of-note","tag-enterpriseam","tag-other-business-news-of-note","wpautop","entry"],"acf":{"mongo_id":"0cf0dd6d-789f-4aa7-a57b-26d57affc7b5","order":"0","is_powered_by":true,"section_story_id":"69e54142-ab66-4c99-9c1f-16b9c648eceb","story_type":"1","photo_url":"","photo_position":"above","related_issue":[638601],"teaser":"","voice_url":""},"yoast_head":"\nFawry moves EGP 500 mn for e-commerce websites - 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\/2017\/10\/10\/fawry-moves-egp-500-mn-for-e-commerce-websites\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Fawry moves EGP 500 mn for e-commerce websites\" \/>\n<meta property=\"og:description\" content=\"Fawry processed EGP 500 mn-worth of sales for online retailers during 2Q2017, CEO Ashraf Sabry said yesterday, Al Masry Al Youm reports. The company\u2019s revenues from e-commerce increased by 300% y-o-y for the period through the 60 or so websites they work with and has plans to have invested EGP 400 mn by the end […]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/enterpriseam.com\/egypt\/2017\/10\/10\/fawry-moves-egp-500-mn-for-e-commerce-websites\/\" \/>\n<meta property=\"og:site_name\" content=\"EnterpriseAM Egypt\" \/>\n<meta property=\"article:published_time\" content=\"2017-10-10T03:46:18+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<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2017\/10\/10\/fawry-moves-egp-500-mn-for-e-commerce-websites\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2017\/10\/10\/fawry-moves-egp-500-mn-for-e-commerce-websites\/\"},\"author\":{\"name\":\"enterpriseam admin\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#\/schema\/person\/ca597032db7e4db868359c123cec256d\"},\"headline\":\"Fawry moves EGP 500 mn for e-commerce websites\",\"datePublished\":\"2017-10-10T03:46:18+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2017\/10\/10\/fawry-moves-egp-500-mn-for-e-commerce-websites\/\"},\"wordCount\":86,\"publisher\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#organization\"},\"keywords\":[\"EnterpriseAM\",\"Other Business News of Note\"],\"articleSection\":[\"Other Business News of Note\"],\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2017\/10\/10\/fawry-moves-egp-500-mn-for-e-commerce-websites\/\",\"url\":\"https:\/\/enterpriseam.com\/egypt\/2017\/10\/10\/fawry-moves-egp-500-mn-for-e-commerce-websites\/\",\"name\":\"Fawry moves EGP 500 mn for e-commerce websites - EnterpriseAM Egypt\",\"isPartOf\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#website\"},\"datePublished\":\"2017-10-10T03:46:18+00:00\",\"breadcrumb\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2017\/10\/10\/fawry-moves-egp-500-mn-for-e-commerce-websites\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/enterpriseam.com\/egypt\/2017\/10\/10\/fawry-moves-egp-500-mn-for-e-commerce-websites\/\"]}]},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2017\/10\/10\/fawry-moves-egp-500-mn-for-e-commerce-websites\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/enterpriseam.com\/egypt\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Fawry moves EGP 500 mn for e-commerce websites\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#website\",\"url\":\"https:\/\/enterpriseam.com\/egypt\/\",\"name\":\"EnterpriseAM\",\"description\":\"The State of the Nation\",\"publisher\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#organization\"},\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/enterpriseam.com\/egypt\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"},{\"@type\":\"Organization\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#organization\",\"name\":\"EnterpriseAM\",\"url\":\"https:\/\/enterpriseam.com\/egypt\/\",\"logo\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#\/schema\/logo\/image\/\",\"url\":\"https:\/\/ent.news\/internal\/240894.svg\",\"contentUrl\":\"https:\/\/ent.news\/internal\/240894.svg\",\"caption\":\"EnterpriseAM\"},\"image\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#\/schema\/logo\/image\/\"}},{\"@type\":\"Person\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#\/schema\/person\/ca597032db7e4db868359c123cec256d\",\"name\":\"enterpriseam admin\",\"sameAs\":[\"http:\/\/enterpriseam.testing.projectsarea.com\"],\"url\":\"https:\/\/enterpriseam.com\/egypt\/author\/enterpriseam\/\"}]}<\/script>\n<!-- \/ Yoast SEO Premium plugin. -->","yoast_head_json":{"title":"Fawry moves EGP 500 mn for e-commerce websites - EnterpriseAM Egypt","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/enterpriseam.com\/egypt\/2017\/10\/10\/fawry-moves-egp-500-mn-for-e-commerce-websites\/","og_locale":"en_US","og_type":"article","og_title":"Fawry moves EGP 500 mn for e-commerce websites","og_description":"Fawry processed EGP 500 mn-worth of sales for online retailers during 2Q2017, CEO Ashraf Sabry said yesterday, Al Masry Al Youm reports. 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EGX-listed e-payments giant Fawry has received approval from its board of directors to create an American depositary shares (ADS) program, which would allow the company to list shares in the US, and is exploring an SEC-registered secondary offering to follow, CEO Ashraf Sabry\u2026","rel":"","context":"In "FINANCE WATCH"","block_context":{"text":"FINANCE WATCH","link":"https:\/\/enterpriseam.com\/egypt\/category\/finance-watch\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2022\/1\/270.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":638640,"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%). 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Revenues rose 45% to EGP 892.7 mn from EGP 614.9 mn last year. \u201cFawry\u2019s top line continues to grow at a rapid clip\u2026","rel":"","context":"In "Speed Round"","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":572273,"url":"https:\/\/enterpriseam.com\/egypt\/2020\/06\/17\/earnings-watch-fawry-porto-group\/","url_meta":{"origin":638640,"position":4},"title":"Earnings watch: Fawry, Porto Group","author":"enterpriseam admin","date":"17 June 2020","format":false,"excerpt":"EARNINGS WATCH- Fawry reports 82% growth in profits in 1Q2020: Profits at e-payment service provider Fawry surged by 82% in 1Q2020 to EGP 38 mn from EGP 21 mn in the same period last year, according to its quarterly financial statement (pdf). 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