Fawry for Banking Technology and Electronic Payments SAE (FWRY)

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News

28 May 01:05 PM Fawry MSME Finance closes 1st securitized bond issuance at EGP 497.5m

Cairo – Mubasher: Fawry MSME Finance, a fully owned subsidiary of Fawry for Banking Technology and Electronic Payments, completed its first securitization issuance at a value of EGP 497.5o million, according to a press release. CI Capital served …

Companies Investments

18 May 07:49 AM Fawry delivers strong financial growth in Q1-25 via 97% higher profits

Cairo – Mubasher: Fawry for Banking Technology and Electronic Payments achieved net profits after tax and non-controlling interest (NCI) valued at EGP 605.37 million in the first quarter (Q1) of 2025. The registered net profits were 97.10% …

Banking and Finance

19 March 11:37 AM Contact, Fawry join forces to expand digital payment solutions

Cairo – Mubasher: Contact Financial Holding penned a deal with Fawry for Banking Technology and Electronic Payments to enable Contact’s buy now, pay later (BNPL) service across Fawry’s extensive payment network. This cooperation supports Egypt's …

Companies Investments

2 March 05:31 PM Fawry’s consolidated profits leap in 2024; revenues hit EGP 5.5bn

Cairo – Mubasher: Fawry for Banking Technology and Electronic Payments recorded consolidated net profits after tax valued at EGP 1.74 billion in 2024, up year-on-year (YoY) from EGP 815.96 million. Basic and diluted earnings per share (EPS) jumped …

Financial Results

4 December 2024 01:37 PM Fawry’s BNPL transactions cross EGP 2bn

Cairo – Mubasher: Fawry MSME, a fully-owned subsidiary of Fawry for Banking Technology and Electronic Payments, has facilitated 70,000 transactions at a total value of EGP 2 billion. Fawry provided more than 50,000 merchants with Egypt’s first buy …

Companies Investments

18 November 2024 01:00 PM Fawry records EGP 1.1bn profits in 9M-24; revenues jump 66%

Cairo – Mubasher: The net profits attributable to the owners of Fawry for Banking Technology and Electronic Payments hiked by 127.40% to EGP 1.10 billion during the first nine months (9M) of 2024. The recorded net profits were compared with EGP …

Financial Results

14 October 2024 02:57 PM Fawry, Bel Egypt partner to enhance digital financing solutions for retailers

Cairo – Mubasher: Fawry for Banking Technology and Electronic Payments and Bel Egypt signed a strategic cooperation agreement to provide digital financing solutions for retailers under Bel Egypt's loyalty programme Enaya. The joint deal …

Companies Investments

11 September 2024 03:32 PM Fawry acquires 80% of Svreico administrative building

Cairo – Mubasher: Fawry for Banking Technology and Electronic Payments entered into a new agreement with Svreico Real Estate Investment Company to acquire an 80% stake in the Svreico administrative building in the Smart Village. The EGX-listed …

Companies Investments

15 August 2024 00:17 PM Fawry sees 111% higher consolidated net profits in H1-24

Cairo – Mubasher: Fawry for Banking Technology and Electronic Payments logged 111.10% higher consolidated net profits at EGP 685.91 million in the first half (H1) of 2024. The recorded net profits were compared to EGP 324.84 million in H1-23, …

Financial Results

25 July 2024 10:17 AM NBE raises stake in 4 EGX-listed entities

Cairo – Mubasher: The National Bank of Egypt (NBE) increased its stake in the Export Development Bank of Egypt (EBank) and three other companies, according to bourse disclosures. Through its NBE DIFC, NBE purchased 950,000 shares in the EGX-listed …

Banking and Finance

3 July 2024 11:22 AM Link Holdco cuts stake in Fawry to 5%

Cairo – Mubasher: Link Holdco lowered its equity ownership in Fawry for Banking Technology and Electronic Payments to 4.99% from 5.09%, according to a bourse disclosure. Link Holdco sold 3.39 million shares in Fawry at a value of EGP 20.66 million …

Companies Investments

1 July 2024 05:24 PM Fawry sees EGP 1bn block-trading

Cairo – Mubasher: Fawry for Banking Technology and Electronic Payments has witnessed a block-trading transaction of EGP 1.02 billion on Monday, 1 July 2024. The deal was executed on 170.24 million shares, according to an announcement. In the first …

Mergers and Acquisitions

14 May 2024 10:44 AM Fawry’s consolidated profit jumps to EGP 334m in Q1-24

Cairo – Mubasher: The consolidated net profit after tax of Fawry for Banking Technology and Electronic Payments soared to EGP 333.71 million in the first quarter (Q1) of 2024 from EGP 142.05 million in the similar quarter a year earlier. …

Financial Results

7 April 2024 00:25 PM Egypt leads Middle East in Forbes fintech ranking with 13 companies

Cairo – Mubasher: Egypt led the Middle East as the most represented country in the Forbes ranking list of the region’s top companies in the financial technology (fintech) sector. The 13 Egyptian companies represented in the list include Fawry for …

Companies Investments

5 March 2024 11:27 AM Fawry logs 150% YoY higher consolidated profit in 2023

Cairo – Mubasher: Fawry for Banking Technology and Electronic Payments posted a 149.50% year-on-year (YoY) surge in consolidated net profit after tax to EGP 815.96 million in 2023 from EGP 327.05 million. Total consolidated revenue jumped 43.60% …

Cash Dividends

5 March 2024 10:48 AM Fawry Dahab, PayMe to facilitate Egyptian expatriates transactions worldwide

Cairo – Mubasher: Fawry for Banking Technology and Electronic Payments penned an agreement with PayMe Digital to bolster payment services targeting expats worldwide, according to a press release. Fawry Dahab and PayMe will join forces to enable …

Companies Investments

26 February 2024 11:21 AM Fawry teams up with LA Market to foster digital transformation

Cairo – Mubasher: Fawry for Banking Technology and Electronic Payments signed a strategic cooperation agreement with LA Market, an exhibition and conference management company. The joint deal is a part of Fawry’s efforts to bolster growth and …

Companies Investments

28 December 2023 01:53 PM Fawry, Simple Touch to boost digital payments in MENA's F&B sector

Cairo – Mubasher: Fawry for Banking Technology and Electronic Payments teamed up with Simple Touch to enhance software and enterprise resource planning (ERP) solutions in the food and beverage (F&B) sector across the region. The partnership will …

Companies Investments

21 December 2023 00:31 PM Fawry, POS Mission to bolster electronic restaurant management solutions

Cairo – Mubasher: Fawry for Banking Technology and Electronic Payments joined forces with POS Mission to launch a 360 solution for electronic restaurant management, according to a press release. The company will deploy Fawry’s point-of-sale (POS) …

Companies Investments

16 November 2023 01:57 PM Fawry registers leap in 9M-23 financials; revenues surpass EGP 2bn

Cairo – Mubasher: Fawry for Banking Technology and Electronic Payments posted higher consolidated net profits after tax at EGP 556.21 million in the first nine months (9M) of 2023, versus EGP 192.93 million in 9M-22, including minority interest. …

Financial Results

19 October 2023 03:14 PM Fawry records EGP 904m block trading deal

Cairo - Mubasher: Fawry for Banking Technology and Electronic Payments witnessed a block trading agreement valued at EGP 903.88 million on Wednesday, 18 October 2023. The Egyptian Exchange (EGX) announced that the block deal was executed on 161.40 …

Companies Investments

14 August 2023 01:08 PM Fawry sees higher profits in H1-23; consolidated revenues hike 42.5%

Cairo – Mubasher: Fawry for Banking Technology and Electronic Payments logged consolidated net profits attributable to the owners valued at EGP 283.05 million in the first half (H1) of 2023, an annual leap from EGP 52.30 million. The operating …

Financial Results

5 June 2023 01:45 PM Fawry partners with WFP to bolster financial services in Egypt

Cairo – Mubasher: Fawry for Banking Technology and Electronic Payments and the UN World Food Programme (WFP) teamed up to boost the use of secure financial service platforms in Egypt, according to a press release. WFP and Fawry joined forces in …

Companies Investments

18 May 2023 11:27 AM Fawry's net profits leap in Q1-23 interim results

Cairo – Mubasher: Fawry for Banking Technology and Electronic Payments generated EGP 142.05 million in consolidated net profit after tax during the first quarter (Q1) of 2023, including minority interest. The registered net profits were higher …

Financial Results

8 March 2023 10:51 AM Fawry sees higher consolidated profits at EGP 327m in 2022

Cairo – Mubasher: The consolidated net profits after tax of Fawry for Banking Technology and Electronic Payments hit EGP 327.05 million in 2022, higher than EGP 242.12 million in 2021, including minority shareholders' rights. The revenues jumped …

Financial Results