SectionEgypt overview
Fawry for Banking Technology and Electronic Payments (FWRY)
Egypt's leading electronic-payments network, used for bills, top-ups and merchant payments.
TickerFWRY
ExchangeEGX
SectorTechnology
CurrencyEGP
About Fawry
Fawry, founded in 2008, runs one of Egypt's largest electronic-payments networks. Millions of Egyptians use its services to pay utility bills, top up mobile phones, pay for government services and shop online, through a large network of agents and point-of-sale terminals.
The company has expanded into merchant acquiring, digital banking services, micro-lending and other financial technology products, aiming to benefit from Egypt's push towards a less cash-dependent economy.
Investors watch transaction volumes, the growth of its newer business lines and regulatory decisions by the central bank on digital payments.