Every StartupHub.today article filed under Instant money transfer.
Great news for Taptap Send! The company has just received three new licenses from the UAE Central Bank. This big step means they can significantly expand their digital payment and international money transfer services, making things even easier for customers in the region.
Fawry's financing arm has secured a strategic EGP 250 million facility from the European Bank for Reconstruction and Development (EBRD) this quarter. This exciting partnership aims to significantly boost support for micro, small, and medium-sized enterprises, especially those led by young entrepreneurs in Egypt.
Fawry had a fantastic 2025, showing strong growth across the board! Mobile wallet transactions soared to EGP 835 billion, revenues hit EGP 8.65 billion, and net profit jumped by an impressive 80% to EGP 2.889 billion. This highlights their leading role in Egypt's digital payment transformation.
Fawry for SME Financing recently hosted an internal market event, an exciting part of their strategy to spark an entrepreneurial spirit and encourage innovation among their team members. It's all about creating a workplace where talent thrives and individual initiatives are celebrated!
Botim Money and TerraPay have teamed up to make international money transfers to Africa faster and more affordable. This partnership uses instant transfers and digital wallets to help more people in emerging markets access essential financial services.
