{"id":642675,"date":"2017-08-20T03:57:22","date_gmt":"2017-08-20T03:57:22","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2017\/08\/20\/fawry-to-upgrade-systems-for-egp-300-mn\/"},"modified":"2017-08-20T03:57:22","modified_gmt":"2017-08-20T03:57:22","slug":"fawry-to-upgrade-systems-for-egp-300-mn","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2017\/08\/20\/fawry-to-upgrade-systems-for-egp-300-mn\/","title":{"rendered":"Fawry to upgrade systems for EGP 300 mn"},"content":{"rendered":"<p>Fawry is looking to spend EGP 300 mn in the second half of the fiscal year to upgrade its systems, CEO Ashraf Sabry said in a story <a href=\"http:\/\/www.almasryalyoum.com\/news\/details\/1179715\">by Al Masry Al Youm<\/a>. The firm is also planning on expanding its number of outlets to 100k by the end of the year from 65k currently. Fawry processes a daily 1.5 mn transactions daily, good for EGP 2.5 bn per month, of which 35% are prepaid phone cards.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Fawry is looking to spend EGP 300 mn in the second half of the fiscal year to upgrade its systems, CEO Ashraf Sabry said in a story by Al Masry Al Youm. The firm is also planning on expanding its number of outlets to 100k by the end of the year from 65k currently. Fawry [&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":[9298],"tags":[2372,72],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-642675","post","type-post","status-publish","format-standard","hentry","category-banking-finance","tag-banking-finance","tag-enterpriseam","wpautop","entry"],"acf":{"mongo_id":"1f73bd6a-208e-446b-b1e8-a8b08556d564","order":"0","is_powered_by":true,"section_story_id":"949281f7-809f-4b61-a47d-01f06908cf4e","story_type":"1","photo_url":"","photo_position":"above","related_issue":[642626],"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 to upgrade systems for EGP 300 mn - 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\/08\/20\/fawry-to-upgrade-systems-for-egp-300-mn\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Fawry to upgrade systems for EGP 300 mn\" \/>\n<meta property=\"og:description\" content=\"Fawry is looking to spend EGP 300 mn in the second half of the fiscal year to upgrade its systems, CEO Ashraf Sabry said in a story by Al Masry Al Youm. The firm is also planning on expanding its number of outlets to 100k by the end of the year from 65k currently. Fawry [&hellip;]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/enterpriseam.com\/egypt\/2017\/08\/20\/fawry-to-upgrade-systems-for-egp-300-mn\/\" \/>\n<meta property=\"og:site_name\" content=\"EnterpriseAM Egypt\" \/>\n<meta property=\"article:published_time\" content=\"2017-08-20T03:57:22+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\/08\/20\/fawry-to-upgrade-systems-for-egp-300-mn\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2017\/08\/20\/fawry-to-upgrade-systems-for-egp-300-mn\/\"},\"author\":{\"name\":\"enterpriseam admin\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#\/schema\/person\/ca597032db7e4db868359c123cec256d\"},\"headline\":\"Fawry to upgrade systems for EGP 300 mn\",\"datePublished\":\"2017-08-20T03:57:22+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2017\/08\/20\/fawry-to-upgrade-systems-for-egp-300-mn\/\"},\"wordCount\":79,\"publisher\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#organization\"},\"keywords\":[\"BANKING + FINANCE\",\"EnterpriseAM\"],\"articleSection\":[\"Banking + Finance\"],\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2017\/08\/20\/fawry-to-upgrade-systems-for-egp-300-mn\/\",\"url\":\"https:\/\/enterpriseam.com\/egypt\/2017\/08\/20\/fawry-to-upgrade-systems-for-egp-300-mn\/\",\"name\":\"Fawry to upgrade systems for EGP 300 mn - EnterpriseAM Egypt\",\"isPartOf\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#website\"},\"datePublished\":\"2017-08-20T03:57:22+00:00\",\"breadcrumb\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2017\/08\/20\/fawry-to-upgrade-systems-for-egp-300-mn\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/enterpriseam.com\/egypt\/2017\/08\/20\/fawry-to-upgrade-systems-for-egp-300-mn\/\"]}]},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2017\/08\/20\/fawry-to-upgrade-systems-for-egp-300-mn\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/enterpriseam.com\/egypt\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Fawry to upgrade systems for EGP 300 mn\"}]},{\"@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 to upgrade systems for EGP 300 mn - 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\/08\/20\/fawry-to-upgrade-systems-for-egp-300-mn\/","og_locale":"en_US","og_type":"article","og_title":"Fawry to upgrade systems for EGP 300 mn","og_description":"Fawry is looking to spend EGP 300 mn in the second half of the fiscal year to upgrade its systems, CEO Ashraf Sabry said in a story by Al Masry Al Youm. 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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":[]},{"id":560391,"url":"https:\/\/enterpriseam.com\/egypt\/2021\/02\/25\/fawry-closes-in-on-cib-banque-misrs-stakes-in-fawry-plus\/","url_meta":{"origin":642675,"position":1},"title":"Fawry closes in on CIB + Banque Misr\u2019s stakes in Fawry Plus","author":"enterpriseam admin","date":"25 February 2021","format":false,"excerpt":"E-payment giant Fawry is on track to hold 86% of Fawry Plus Banking Services after Fawry\u2019s board of directors signed off on the company moving ahead with negotiations to acquire a 48% stake in Fawry Plus, the company said in a bourse disclosure (pdf) yesterday. Fawry already owns 38% of\u2026","rel":"","context":"In &quot;M&amp;A WATCH&quot;","block_context":{"text":"M&amp;A WATCH","link":"https:\/\/enterpriseam.com\/egypt\/category\/ma-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":621716,"url":"https:\/\/enterpriseam.com\/egypt\/2018\/11\/15\/fawry-to-invest-egp-400-to-improve-operations-and-meet-rising-demand\/","url_meta":{"origin":642675,"position":2},"title":"Fawry to invest EGP 400 to improve operations and meet rising demand","author":"enterpriseam admin","date":"15 November 2018","format":false,"excerpt":"E-payments provider Fawry will invest EGP 400 mn to improve the company\u2019s infrastructure and customer service, founder and CEO Ashraf Sabry told Amwal Al Ghad. The self-financed investment will go towards improving the company\u2019s operations to meet rising demand and higher levels of financial inclusion in Egypt.","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":[]},{"id":638640,"url":"https:\/\/enterpriseam.com\/egypt\/2017\/10\/10\/fawry-moves-egp-500-mn-for-e-commerce-websites\/","url_meta":{"origin":642675,"position":3},"title":"Fawry moves EGP 500 mn for e-commerce websites","author":"enterpriseam admin","date":"10 October 2017","format":false,"excerpt":"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\u2026","rel":"","context":"In &quot;Other Business News of Note&quot;","block_context":{"text":"Other Business News of Note","link":"https:\/\/enterpriseam.com\/egypt\/category\/other-business-news-of-note\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":637735,"url":"https:\/\/enterpriseam.com\/egypt\/2017\/11\/23\/fawry-nets-usd-20-mn-in-funding-flat6labs-to-manage-egp-47-mn-startup-initiative-for-uk-embassy-and-ifc\/","url_meta":{"origin":642675,"position":4},"title":"Fawry nets USD 20 mn in funding, Flat6Labs to manage EGP 47 mn startup initiative for UK embassy and IFC","author":"enterpriseam admin","date":"23 November 2017","format":false,"excerpt":"E-payments firm Fawry has locked down USD 20 mn in funding from a \u201cforeign investment fund,\u201d said CEO Ashraf Sabry, according to Daily News Egypt. 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