Latest news with #&Cash
CairoScene
07-04-2025
- Business
- CairoScene
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.
Zawya
07-04-2025
- Business
- Zawya
E& Egypt launches 1st instant international money transfer
Arab Finance: E& Egypt has officially launched the first instant international money transfer service through its E& Cash wallet, marking a new milestone in the Egyptian market, as per an emailed press release. With this launch, E& Egypt becomes the first company in Egypt to allow customers to instantly receive money transfers from the UAE and Saudi Arabia. The service uses E&'s strong regional network to provide fast, secure, and fully digital transactions, without needing to visit company branches or use middlemen. This step supports the Central Bank of Egypt's (CBE) efforts to promote financial inclusion and make digital financial services more accessible. It also aligns with the country's goal to shift toward a digital economy and reduce cash-based transactions. The service was developed in partnership with Banque du Caire, and is expected to play a key role in transforming the money transfer market in Egypt and the wider region. The new service is now available for E& Cash wallet users in Egypt. Customers can instantly receive money from the UAE and Saudi Arabia using the company's digital payment apps. They also have a chance to win up to EGP 1 million. The company plans to expand the service to more countries soon. © 2020-2023 Arab Finance For Information Technology. All Rights Reserved. Provided by SyndiGate Media Inc. (
