Egypt's Fawry eyes UAE deal, Saudi and Kuwaiti markets - Reuters:
Egyptian digital payments company Fawry (FWRY.CA) plans to expand into the United Arab Emirates by the end of the year and also hopes to enter Saudi Arabia and Kuwait in 2020, its managing director said.
Founded in 2009, Fawry offers digital payments to companies and individuals in Egypt, the Arab world’s most populous nation, where many do not have a bank account.
Mohamed Okasha told Reuters that Fawry, which made a stock market debut in August, planned to complete a deal with one of the largest listed UAE banks to use its technology platform in the Gulf country.
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