Fawry to get 1.7B pounds investment by 2026

Fawry, the Egyptian electronic banking and payments technology company, announced investment plans of 1.7 billion Egyptian pounds for the year 2026. The plans include establishing new companies, acquiring existing ones, and enhancing its technological infrastructure, all aimed at solidifying its position as a comprehensive provider of digital financial and healthcare services. The CEO emphasized that the company is consistently focused on investing in technology, with artificial intelligence representing about 80% of its operations, used in product development, risk management, and customer service. Fawry also aims to expand into the insurance and healthcare sectors and is exploring acquisitions of technology companies to strengthen its digital ecosystem. The company is particularly focused on the growth of small and medium enterprises, with a strategy based on reaching a broad customer base and integrating financial transactions into everyday life.

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