December 28, 2020

Vodafone Egypt considers partnership with Alexbank

ArabFinance: Vodafone Egypt is reportedly working with Alexbank to launch a pilot nano lending service through mobile wallets, Bloomberg cited Ayman Essam, the telecom’s external relations director on December 24th.

The move is “a normal evolution” given that Vodafone Egypt acquires 65% of the mobile wallet share, in addition to over 80% of the transactions on that platform, the business news service added.

The news portal did not disclose further details, yet said “Vodafone and Bank of Alexandria still discussing details, including amounts and launch date.”

Vodafone Group recently ended discussions with the Saudi Telecome Company over the sale of Vodafone's 55% stake in Vodafone Egypt.


Categories : telecom

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