Addition leads $6M seed round in Egyptian fintech Flash
Driving financial inclusion through digital payment methods is among the top priorities for the governments of Africa’s biggest tech ecosystems where cash is still king. In Egypt, for instance, platforms like Fawry and InstaPay — tapped into the apex bank’s policies to reduce cash dependencies — are responsible for the spread of e-wallets and cards in the North African country where 64% of Egyptians increased their adoption of digital payments solutions last year. While e-wallets and cards dominate the digital payments landscape, Egypt’s apex bank is keen t...
Source: yahoo.com
