New government in Lebanon renews central bank audit    Pakistan, Iran leaders meet on Afghanistan    Egypt warms up for Libya clash with a friendly game against Liberia on 30 September    Libya's Dbeibah says his visit to Cairo sends regional message about Egypt's regional role    Central Bank of Egypt leaves interest rates on hold    Sisi discusses GERD, regional developments with the King of Bahrain    EU calls for urgent reform of WTO    Egypt's stocks end this week in mixed notes as benchmark EGX 30 falls 1.37%    FIFA intensifies push to stage men's World Cup every 2 years    Global institution leaders discuss with vaccines manufacturers accelerating production, distribution    Egypt received plan from DR Congo to resume AU-sponsored GERD talks: FM Shoukry    Remittances from Egyptians abroad grow 13.2% in FY2020/21– central bank    Egypt's Dabaa nuclear plant: contribution to social and economic development    Cote d'Ivoire's Haller scores 4 goals as Ajax routs Sporting Lisbon in CL    With foreign funds frozen, Afghan aid groups stuck in limbo    Cairo welcomes UNSC presidential statement on GERD    Egypt's PM attends signing of ministerial agreement to implement WB-funded project to reduce air pollution in Greater Cairo    Egypt records highest daily rise of coronavirus cases since mid-June    The Egyptian Mawlawiya troupe's concert at Al-Gumhouriya Theatre is a must go    Don't miss the AUC's webinar on Human Rights and the Built Environment Lifecycle    Borhane Alaouié (1941-2021): The auteur's shadow    Jordan hosts energy meeting today to discuss transporting Egyptian gas to Lebanon    Russia permits airlines to resume flights from 49 cities to Egypt    Egypt's Abu Soma Development partners with KOMPASS Education    Sisi: coronavirus vaccines in Africa 'far less' than actual needs    Egypt gives emergency use approval for locally manufactured Sinovac/VACSERA COVID-19 vaccine    Egypt makes COVID-19 vaccination mandatory for all those aged over 18 in education sector    Orange Egypt Introduces Amazon Prime Video    Tokyo Olympics: Cautious opening ceremony, shy start for Egyptians in competitions    Mallawi Museum in Upper Egypt holds recycling workshop for children during Eid Al-Adha    Egypt keen on stable tax policies to attract more investors: Finance Minister    Sudan declares state of emergency as water goes beyond Merowe Dam capacity    Niagara Falls illuminated in Egyptian flag to mark 23 July Revolution anniversary    Capital flows into EM keep recovering after March 2020 slump: Central Bank of Egypt    1 child orphaned every 12 seconds due to COVID-19-associated death: World Bank    Egypt, Japanese Olympic Committee discuss boosting sports cooperation    Ethiopia ready to resume dam talks with no legally binding agreements: Ethiopian official    US emphasises AU's role in mediating Ethiopian damdispute    Sunken city of Thônis-Heracleion in Egypt's Abu Qir bay yields new archaeological treasures    New films, concerts, and destinations for Eid Al-Adha holidays    Egypt, Oman discuss enhancing bilateral economic, investment relations    Al Ahly v Kaizer Chiefs: Cairo giants eye 10th CAF Champions League title    Tunisia hopes to have a UN role in resolving Egypt-Ethiopia dam dispute    Egypt denounces Ethiopia's move to start second filling of giant dam    APO Group enters new exclusive agreement with Getty Images on African press releases and images    On International Museum Day, Egypt opens two new museums at Cairo Airport    Egypt's Ahly is establishing a new stadium, expected to be 'sports complex'    Old Cairo's Al-Fustat will be revamped on Egyptian President's directives    

Thank you for reporting!
This image will be automatically disabled when it gets reported by several people.

Aman in negotiations with 4 banks to provide banking services to its clients
Company to issue 25,000 Meeza cards, aims to increase them to 100,000 cards, says Ahmed Al-Khatib
Published in Daily News Egypt on 23 - 06 - 2021

Hazem Maghazi, CEO of Aman for Financial Services, has disclosed that his company is in negotiations with four banks to provide banking services to its clients.
Maghazi also said that the network of stores affiliated to the company has reached 220, covering 23 governorates across Egypt. The company, a subsidiary of Raya Holding for Financial Services, is offering a range of instalment and e-payments services, and is launching a number of new financial services before the end of the year.
Speaking during a press conference on Wednesday, he said that the company's portfolio amounted to EGP 1.25bn, whilst the total instalment operations that took place so far were EGP 2.25bn.
For his part, Ahmed Al-Khatib, CEO of the Aman for Microfinance, said that although the microfinance market is very large, only about 12% of it has so far been covered.
He revealed that the company now has 94 branches in 17 governorates, and targets an increase in the number of branches to 100 in 19 governorates by the end of the year.
The volume of funding so far for projects has reached EGP 3bn for about 220,000 projects, whilst the company's active portfolio has so far reached EGP 1.1bn for about 140,000 clients.
It was revealed that the company distributed about 25,000 Meeza cards in favour of the National Bank of Egypt (NBE), which the company aims to increase to 100,000 cards.
Mohamed Wehbe, CEO of Aman Electronic Payment Company, said that the electronic payments (e-payments) market witnessed significant growth during 2020, especially with the emergence of the novel coronavirus (COVID-19) pandemic.
He added that the number of merchants affiliated with the Aman Electronic Payment Company has reached 100,000. The company aims to increase the number of merchants to 150,000 by the end of the year, as about 1.2 million payments are made daily through Aman's network.

Clic here to read the story from its source.