e& Egypt Launches Instant International Money Transfer Service
Egyptian users can now receive instant remittances from the UAE and Saudi Arabia through e& Egypt's digital wallet service.
Apr 07, 2025
e& Egypt has introduced an instant international money transfer service through its e& Cash digital wallet, enabling users in Egypt to receive funds instantly from the United Arab Emirates and Saudi Arabia.
Developed in partnership with Banque du Caire, this initiative aligns with the Central Bank of Egypt's strategy to promote financial inclusion and reduce reliance on cash transactions. It provides a faster, more convenient alternative to traditional remittance methods, particularly benefiting individuals dependent on funds from family members abroad.
The service is now available to all e& Cash wallet users in Egypt. To promote the launch, e& Egypt is running a campaign offering users the chance to win prizes of up to LE 1 million. Future plans include expanding the service to additional remittance corridors, further enhancing the accessibility and convenience of international money transfers for users in Egypt.
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Egypt Independent
5 hours ago
- Egypt Independent
Egypt, Nigeria FMs discuss economic ties and African security
CAIRO, June 7 (MENA) – Foreign Affairs, Emigration and Expatriates Minister Badr Abdelatty praised the strong ties and historical relationship between Egypt and Nigeria, highlighting a shared commitment to building on existing opportunities to advance cooperation—particularly in economic, trade, and investment sectors, with a focus on agriculture. During a phone call on Saturday with Nigerian Foreign Minister Yusuf Tuggar, Abdelatty pointed to the significant presence of Egyptian companies across Africa and voiced interest in exploring new joint investment opportunities that offer mutual benefit. The two ministers exchanged views on developments across the African continent and discussed ways to deepen cooperation and coordinate positions within the African Union to strengthen peace and security—especially in the Sahel region. Abdelatty reaffirmed Egypt's readiness to support efforts to counter terrorism and extremism in light of security threats in the Sahel. He also emphasized Egypt's commitment to supporting Nigeria through capacity-building programs, including cooperation with Al-Azhar in combating extremist ideologies. The conversation also included an exchange of perspectives on Middle East developments, particularly the situation in Gaza. Abdelatty briefed his Nigerian counterpart on Egypt's ongoing efforts to broker a ceasefire and ensure the delivery of humanitarian aid, while condemning Israel's continued violations of international law and international humanitarian law and its actions against Palestinian civilians, which he said run counter to global calls for an immediate end to the war and unimpeded humanitarian access.
Egypt Today
6 hours ago
- Egypt Today
Egypt localizes Metro manufacturing, contracts for 189 cars for Alexandria Metro
CAIRO – 9 June 2025: An agreement was signed in Alexandria Governorate to localize and supply 21 metro train units, comprising 189 cars, for the Alexandria Metro project. The project which is currently in its first phase is expected to be extending 21.7 km from Abu Qir Railway Station to Misr Station in Alexandria. The project comes as part of the Ministry of Transport's comprehensive plan to establish a sustainable, green, and environmentally friendly mass transit network in Alexandria, along with plans to localize several industries, rely on local manufacturing, and reduce the import bill. The Metro project units are scheduled to be manufactured at the National Egyptian Railway Industries Company (NERIC). The metro and all types of trains are among the industries the Egyptian government is working to localize. The Ministry of Transport is cooperating with South Korea's Hyundai Rotem, through a partnership with (NERC), to establish a factory for the production of metro trains. The Ministry has contracted with the National Authority for Tunnels to manufacture and localize the production of 40 metro trains, totaling 320 cars, for the second and third lines of the Greater Cairo Metro. The factory is currently being constructed in East Port Said.
Egypt Today
18 hours ago
- Egypt Today
India plans to import fruits, fertilizers, manufactured goods from Egypt: Indian ambassador.
Indian ambassador Suresh K. Reddy CAIRO - 9 June 2025: India looks forward to boosting Egyptian exports to the Indian market, including citrus fruits, lemons, fertilizers, manufactured goods, and many other products, ambassador Suresh K. Reddy said Sunday. In an interview with Cairo News T.V. Channel, the Indian ambassador to Cairo said India has already invested more than $4 billion in Egypt, and Indian companies have contributed to creating more than 38,000 job opportunities. Reddy highlighted that India has become the fourth largest economy in the world and is working on major renewable energy projects. Once completed, Indian investments in Egypt are expected to increase by an additional $10 billion.
