Lakhasly

in Egypt serving the banked and unbanked population.With a network of 36 member banks, its mobile platform and 331 thousand agents, Fawry processes more than 5 million transactions per day, serving an estimated customer base of 51.7 million users monthly.Through its peer-to-peer (P2P) model, Fawry is enabling corporates and small and medium-sized enterprises (SMEs) to accept electronic payments through a number of platforms including websites, mobile phones, and points-of-sale (POSs).Fawry's primary services include enabling electronic bill payments, mobile top-ups and provisions for millions of Egyptian users.Fawry's banking services division emerged as a key driver of revenue growth, registering a notable 65.8% YoY increase.Fawry achieved unprecedented financial milestones in the fiscal year ending December 31, 2023.The company's bottom line soared to an impressive EGP 715.3 million (US$15 million), marking a phenomenal 198.0% year-over-year (YoY) surge.This remarkable performance was underpinned by a substantial 43.6% increase in revenues, which reached EGP 2.3 billion (US$48 million) during the same period.Other digital services also include e-ticketing, cable TV, and variety of other services.

in Egypt serving the banked and unbanked population. Fawry’s primary services include enabling electronic bill payments, mobile top-ups and provisions for millions of Egyptian users. Other digital services also include e-ticketing, cable TV, and variety of other services.

Through its peer-to-peer (P2P) model, Fawry is enabling corporates and small and medium-sized enterprises (SMEs) to accept electronic payments through a number of platforms including websites, mobile phones, and points-of-sale (POSs). With a network of 36 member banks, its mobile platform and 331 thousand agents, Fawry processes more than 5 million transactions per day, serving an estimated customer base of 51.7 million users monthly.

Fawry achieved unprecedented financial milestones in the fiscal year ending December 31, 2023. The company’s bottom line soared to an impressive EGP 715.3 million (US$15 million), marking a phenomenal 198.0% year-over-year (YoY) surge. This remarkable performance was underpinned by a substantial 43.6% increase in revenues, which reached EGP 2.3 billion (US$48 million) during the same period. Fawry’s banking services division emerged as a key driver of revenue growth, registering a notable 65.8% YoY increase.