{"id":648044,"date":"2017-05-25T04:13:47","date_gmt":"2017-05-25T04:13:47","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2017\/05\/25\/low-banking-penetration-is-slowing-down-e-payments-in-egypt\/"},"modified":"2017-05-25T04:13:47","modified_gmt":"2017-05-25T04:13:47","slug":"low-banking-penetration-is-slowing-down-e-payments-in-egypt","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2017\/05\/25\/low-banking-penetration-is-slowing-down-e-payments-in-egypt\/","title":{"rendered":"Low banking penetration is slowing down e-payments in Egypt"},"content":{"rendered":"

Enhancing financial inclusion and reducing the usage of cash are moving<\/strong>forward in Egypt<\/strong>, Doaa Farid writes in Wamda<\/a>. There is still a wide gap between the needs of the population and the services provided, she says. Khaled Eid, marketing manager at the local electronic payment solutions Bee, believes the sector is currently witnessing a boom. e-commerce activity increased by 16% y-o-y in 2016, said Fawry\u2019s CTO Mostafa El Nahhas. There is still room for growth, but more \u201cflexible tools and regulations are needed to revamp the sector and the Egyptian culture needs to change,\u201d Ahmed Al Salahy, Payfort regional manager in Egypt and North Africa, says. El Nahhas agrees, saying \u201cthese market conditions represent good opportunities to fintech entrepreneurs.\u201d Entrepreneurs say the major obstacle standing now is the absence of clear regulations on electronic payments.<\/p>\n","protected":false},"excerpt":{"rendered":"

Enhancing financial inclusion and reducing the usage of cash are movingforward in Egypt, Doaa Farid writes in Wamda. There is still a wide gap between the needs of the population and the services provided, she says. Khaled Eid, marketing manager at the local electronic payment solutions Bee, believes the sector is currently witnessing a boom. […]<\/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":[9257],"tags":[72],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-648044","post","type-post","status-publish","format-standard","hentry","category-on-your-way-out","tag-enterpriseam","wpautop","entry"],"acf":{"mongo_id":"bf7ed44b-5446-4ec9-bfc3-664808563130","order":"0","is_powered_by":true,"story_type":"1","photo_url":"","photo_position":"above","related_issue":[648002],"teaser":"","voice_url":""},"yoast_head":"\nLow banking penetration is slowing down e-payments in 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\/2017\/05\/25\/low-banking-penetration-is-slowing-down-e-payments-in-egypt\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Low banking penetration is slowing down e-payments in Egypt\" \/>\n<meta property=\"og:description\" content=\"Enhancing financial inclusion and reducing the usage of cash are movingforward in Egypt, Doaa Farid writes in Wamda. There is still a wide gap between the needs of the population and the services provided, she says. Khaled Eid, marketing manager at the local electronic payment solutions Bee, believes the sector is currently witnessing a boom. 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