The first independent smart wallet in Egypt, licensed by Egypt’s Central Bank is about to roll out, powered by Egyptian tech startup Raseedy.
Pursuing real alternative offers to cash payment as its primary goal, despite operating in a market fully saturated with several service providers, this company has proven to have what it takes within Egypt’s Fintech space.
Formed in 2018, by Jacques Marco, and Karl Marco, Raseedy operates as an Egyptian Joint Stock Company, as of when launching their first independent digital wallet.
The smart wallet will assist the various segments of the Egyptian community especially businesses, merchants, and consumers in digitising their finances through the use of mobile apps, while they enjoy maximum financial security.
The launch of this innovative product has brought in much positive commendation alongside several statements. CEO and co-founder of Raseedy on his part had this to say:
“Launching Raseedy wallet relies on a deep belief in our role to positively impact people’s lives by providing them with more accessibility to financial services.
At Raseedy, we don’t just see our wallet just as an innovative FINTECH service, but as an opportunity to bridge the gap between formal financial services and underserved customers, ensuring it can control their finances easily and swiftly,”
Here’s a quick look at what the Raseedy Wallet offers its users:
Multi digital financial services such as bill payments, money transfer, online card-less digital payments, international remittances, online card-less digital payments, and distant merchant payment QR codes.
Raseedy also gives a payroll disbursement facility that serves microfinance institutions with automated loan disbursement and collection of installments.
The Raseedy Wallet is Meeza certified, to help users receive and transfer money with their digital wallets.
The smart wallet is part of a joint partnership between Mastercard and Said Bank and will open the way to more of such smart solutions that will ease financial transactions for Egyptians at large
Featured Image: thestartupscene.me
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