Masress : Capiter, QNB Alahli sign cooperation agreement to provide easy financing to merchants

Bank of Canada cuts policy rate by 50bps as inflation back around 2% target Egypt's Finance Minister advocates for innovative financing to alleviate Africa's debt burden GAFI, World Bank discuss Egypt's 2025-2030 FDI Strategy Egyptian FM meets with Russian, Brazilian counterparts on BRICS Summit Margins Israel intensifies attacks on Lebanon, Gaza Egypt, Niger discuss cooperation in health sector Putin proposes new BRICS investment platform Orascom Development Keys of Life: New notions of home transforming future communities Egypt's Sisi proposes local currency settlements at BRICS Summit EGP slips aganist USD at Wednesday's close Egypt's imports from BRICS countries surge 17% in 8m Sisi lauds Egypt's comprehensive cooperation with Russia Israeli genocide continues in northern Gaza: Palestinian PM VACSERA contracts Bilthoven for polio vaccine manufacturing technology Luxor Museum to host exhibition on 19th century antiquities inspection tours Egypt, World Bank collaborate on Greater Cairo Air Pollution Management and Climate Change Project Nourhan Kamal Wins 2024 Helmi Sharawy Award for African Studies Egypt observes Intl. E-waste Day, highlights recycling efforts Egypt's military capabilities sufficient to defend country: Al-Sisi Al-Sisi emphasises water security is Egypt's top priority amid Nile River concerns Cairo Opera House hosts grand opening of Arab Music Festival, Conference Downtown Cairo hosts 4th edition of CIAD Art Festival Grand Egyptian Museum ready for partial trial run on October 16: PM Colombia unveils $40b investment plan for climate transition Egypt's Endowments Ministry allocates EGP50m in interest-free loans Kabaddi: Ancient Indian sport gaining popularity in Egypt Ecuador's drought forces further power cuts Al-Sisi orders sports system overhaul after Paris Olympics Basketball Africa League Future Pros returns for 2nd season Egypt joins Africa's FEDA Paris Olympic gold '24 medals hit record value A minute of silence for Egyptian sports Paris Olympics opening draws record viewers Who leads the economic portfolios in Egypt's new Cabinet? Financial literacy becomes extremely important – EGX official Motaz Azaiza mural in Manchester tribute to Palestinian journalists Russia says it's in sync with US, China, Pakistan on Taliban It's a bit frustrating to draw at home: Real Madrid keeper after Villarreal game Shoukry reviews with Guterres Egypt's efforts to achieve SDGs, promote human rights Sudan says countries must cooperate on vaccines Johnson & Johnson: Second shot boosts antibodies and protection against COVID-19 Egypt to tax bloggers, YouTubers Egypt's FM asserts importance of stability in Libya, holding elections as scheduled We mustn't lose touch: Muller after Bayern win in Bundesliga Egypt records 36 new deaths from Covid-19, highest since mid June Egypt sells $3 bln US-dollar dominated eurobonds Gamal Hanafy's ceramic exhibition at Gezira Arts Centre is a must go Italian Institute Director Davide Scalmani presents activities of the Cairo Institute for ITALIANA.IT platform

Thank you for reporting!

This image will be automatically disabled when it gets reported by several people.

Capiter, QNB Alahli sign cooperation agreement to provide easy financing to merchants
Negm said that the CBE seeks to reach a cashless society and transform Egypt into a regional centre for financial technology in Africa and the Arab world.

Mohamed Alaa El Din Published in Daily News Egypt on 15 - 03 - 2022

Cairo-based B2B e-commerce startup Capiter signed a cooperation agreement with QNB Alahli to provide easy financing to merchants on its platform.
Rasha Negm, Deputy Governor of the Central Bank of Egypt (CBE) for Financial Technology, said that the new partnership comes in line with the CBE's 2019 strategy for financial technology and innovation.
It came during a press conference held by Capiter on Monday to announce the cooperation agreement.
Negm said that the CBE seeks to reach a cashless society and transform Egypt into a regional centre for financial technology in Africa and the Arab world.
Mohamed Bedir, CEO of QNB Alahli, said that Capiter is one of the most promising companies in Egypt that contributes to regulating the internal trade movement.
He pointed out that the Egyptian banking sector is currently witnessing a qualitative leap in banking technology solutions, which is reflected positively on the growth of companies' business volumes and the increase in their profits within the framework of the state's directives towards digital transformation and financial inclusion.
Bedir said that the total value of electronic collections during 2021 through QNB Alahli amounted to EGP 5.5bn.
Mahmoud Noah, the Co-Founder of Capiter, said that the company has been operating in Egypt for two years. The company aims to bridge the gap between merchants and manufacturers, he added, and digitise all merchant payments.

Clic here to read the story from its source.