Latest news with #e&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 instant international money transfer via digital wallet
Egypt - e& Egypt has launched its first instant international money transfer service through the e& Cash digital wallet, marking a transformative step in how remittances are received in Egypt. This new feature allows customers to receive money from the United Arab Emirates and Saudi Arabia instantly and securely, without needing to visit branches or intermediaries. The move positions e& Egypt as the first to introduce such a service within the regional network of the e& Group, offering users a fully digital and frictionless experience. This innovation comes as part of a broader strategy aligned with the Central Bank of Egypt's efforts to promote financial inclusion and reduce the nation's reliance on cash-based transactions. Developed in partnership with Banque du Caire, the company's banking partner, the service is expected to significantly enhance access to digital financial tools for millions of users—particularly those who depend on remittances from family members abroad. The seamless integration allows customers to receive funds instantly with a single tap, offering a faster and more convenient alternative to traditional remittance channels. Ahmed Yehia, CEO of e& Financial Technology and Digital Applications, said the launch underscores e& Egypt's commitment to providing innovative digital financial solutions that prioritize ease, speed, and security. He noted that enabling instant transfers from the UAE and Saudi Arabia is a critical milestone in the company's mission to promote financial inclusion and deliver meaningful value to its customers. 'This service reflects our dedication to reshaping financial services in the region and empowering users with tools that meet their everyday needs,' Yehia said. 'It's not just about speed—it's about building trust and accessibility.' The new service is now live for all e& Cash wallet users in Egypt. Beyond convenience, customers also have the opportunity to win prizes of up to EGP 1m as part of the launch campaign. e& Egypt has confirmed that it plans to expand the service to include additional remittance corridors in the near future. By simplifying cross-border money transfers and integrating them into a secure, digital platform, e& Egypt is taking a significant step forward in reshaping how people in Egypt engage with their finances—bridging distances and bringing families closer through technology.
