Fawry<\/a> said in a statement.<\/span><\/p>\nFawry offers more than 1,186 financial services to consumers and businesses through more than 225,000 locations to pay bills and other services in multiple channels (online, using ATMs, mobile wallets and retail points).<\/span><\/p>\nThe firm serves more than 29.3 million customers in Egypt, processing more than 3.06 million operations daily through its network.<\/span><\/p>\nOperated and managed by the Saudi Central Bank, the payment network, also known as Mada, aims to encourage innovation and strengthen the financial sector in the country.\u00a0 \u00a0\u00a0<\/span><\/p>\nEarlier this month, Mada granted a gateway certification to Kuwaiti fintech firm Tap Payments.\u00a0 \u00a0\u00a0<\/span><\/p>\nAccording to Statista, transaction value in the Saudi digital commerce market is projected to reach $24.96 billion in 2023, growing at a compound annual growth rate of 14.06 per cent till 2027.<\/span><\/p>\nThe number of users in the Saudi digital commerce market is expected to amount to 36.38 million by 2027.<\/span><\/p>\n <\/p>\n","protected":false},"excerpt":{"rendered":"
\u00a0Egypt-based e-payments firm Fawry plans its entry into the Saudi market<\/p>\n","protected":false},"author":40,"featured_media":17548,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":[],"categories":[154,1],"tags":[3973,2683],"_links":{"self":[{"href":"https:\/\/www.meretailnews.com\/wp-json\/wp\/v2\/posts\/23702"}],"collection":[{"href":"https:\/\/www.meretailnews.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.meretailnews.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.meretailnews.com\/wp-json\/wp\/v2\/users\/40"}],"replies":[{"embeddable":true,"href":"https:\/\/www.meretailnews.com\/wp-json\/wp\/v2\/comments?post=23702"}],"version-history":[{"count":3,"href":"https:\/\/www.meretailnews.com\/wp-json\/wp\/v2\/posts\/23702\/revisions"}],"predecessor-version":[{"id":23708,"href":"https:\/\/www.meretailnews.com\/wp-json\/wp\/v2\/posts\/23702\/revisions\/23708"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.meretailnews.com\/wp-json\/wp\/v2\/media\/17548"}],"wp:attachment":[{"href":"https:\/\/www.meretailnews.com\/wp-json\/wp\/v2\/media?parent=23702"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.meretailnews.com\/wp-json\/wp\/v2\/categories?post=23702"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.meretailnews.com\/wp-json\/wp\/v2\/tags?post=23702"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}