Fintech platform Taly has launched its full-fledged ecosystem for digital payments and collection solutions in Egypt to support merchants and consumers.
The newly launched solutions will support businesses through a seamless ecosystem, backed by one of the largest on-soil infrastructures in the Mena region.
CEO of Taly, Magdy Hassan, said: “Taly seeks to become the strategic catalyst advancing digital transformation in the Egyptian market while exporting its innovative solutions to the region, as Taly is the first full-fledged digital ecosystem for payments and collection services solutions, with total investments of EGP 500 million.
“Taly is committed to empowering all its stakeholders by providing state-of-the-art digital payment solutions, introduced for the first time ever in Egypt, where Taly offers tailor-made solutions for each stakeholder.”
The impacts of the comprehensive ecosystem will be consistent with the growing demand for digital transformation by banks, corporates and the entire business community.
The launch aligns with the objectives of the Central Bank of Egypt’s strategy towards turning into a cashless economy and Egypt Vision 2030.
The company is the first platform of its kind in Egypt and the Middle East, providing the latest innovative technological solutions in the field of digital payments.
According to Statista, the total transaction value in the digital payments segment in Egypt is projected to reach $14.15 billion this year. Total transaction value is expected to grow at a compound annual growth rate of 11.36 per cent between 2023 and 2027 resulting in a projected total amount of $21.76 billion by the end of the forecast period.
