• e& Egypt introduced an instant international money transfer service to e& Cash wallet with just one click. 
• This new service aims to enhance financial inclusion among the group’s companies in Egypt, the UAE, and Saudi Arabia. 
• The company aims to expand the service to more countries in the future. 

e&Egypt

What happened? e& egypt introduced an instant international money transfer service to e& Cash wallet with just one click. This process will not need to visit branches or intermediary companies.

This new service aims to enhance financial inclusion among the group’s companies in Egypt, the UAE, and Saudi Arabia. Furthermore, it aims to provide an easier, faster, and more secure experience.

Partnerships This launch is part of the Central Bank of Egypt’s efforts to enhance financial inclusion and enable individuals to access digital financial services. This is to support the country’s shift towards digital transformation and reducing reliance on cash transactions.

 This launch is also part of a partnership with Banque du Caire. Thus, representing an important step in developing the money transfer market in Egypt and the region.

Who are they?  e& Egypt, formerly Etisalat, is a mobile operator that offers telecom services in Egypt. 

International Transfers 

Why does this matter? This step represents a step towards enhancing financial inclusion. This is because  E and Cash customers  who rely on money transfer will have access to a simpler, faster, and more accessible way to manage their cross-border transactions. 

This is because with this new service, customers can instantly receive their money with one click. Thus, eliminating the hassle of long waiting periods and providing a seamless digital experience. 

Eng. Ahmed Yahya, CEO of e& Financial Technology and Digital Applications reaffirmed the company’s commitment to providing innovative digital financial solutions that provide customers a faster, easier, and more secure experience. 

He added that this launch aims to enable their customers to receive instant transfers from UAE and KSA. Furthermore, the aim is to enhance financial inclusion and provide real value to individuals who rely on financial transfer on a daily basis. 

Who is this available to? The service is available to e& Egypt’s e-wallet customers. They will be able to easily and securely receive instant money transfers from the UAE and KSA. This will be done through the company’s digital payments application. 

Additionally, the company aims to expand the service to more countries in the future.