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CBE Releases Regulations on Payment Tokenization

The Central Bank of Egypt (CBE) released regulations pertaining to payment card tokenization on electronic device applications on 8 March, according to the “Egyptian Streets” website. Once approved and implemented, the regulations will effectively allow for contactless payments through applications like Apple Pay, Google Pay, and Samsung Pay among other fintech services. Currently, payment cards […]

Jumia Egypt Assigns Hisham ElGabry as Its New CEO

E-commerce giant Jumia has announced the appointment of Hisham ElGabry as the company’s new CEO in Egypt. Jumia is a pan-African technology company that focuses on market, logistical, and payment services. ElGabry will be in charge of the company’s business development and expansion into the Egyptian market ElGabry has been leading the company’s commercial team […]