MasrPay announced the completion of its capital increase following approval from the Central Bank of Egypt (CBE) and the completion of the required procedures, strengthening the company’s capital base and supporting its investment and operational plans for the next phase.
The capital increase forms part of MasrPay’s long-term strategy to build a strong financial and operational foundation that supports the growth of its business in Egypt’s digital payments market and enables continued investment in its platforms, technology solutions, and business capabilities.
During the next phase, MasrPay also plans to strengthen its partnerships with banks, businesses, and merchants while continuing to develop its operational and technology infrastructure in line with its growth plans.
Tamer Shawer: The Capital Increase Reflects Shareholder Confidence and Commitment to Long-Term Growth
Eng. Tamer Shawer, CEO of MasrPay, said:
| “The increase in MasrPay’s capital following approval from the Central Bank of Egypt represents an important milestone in the company’s journey and reflects our shareholders’ confidence and continued commitment to investing in the growth of our business in the Egyptian market.” |
| “With the capital increase now completed, we are entering a new phase of our investment plans focused on strengthening the company’s capabilities, expanding our business, and building long-term partnerships with banks, businesses, and merchants. We view Egypt as a key market in our strategy and our investment here as a long-term commitment to building a sustainable and scalable business.” |
MasrPay operates in Egypt as part of the regional GlobalPay ecosystem. Headquartered in the United Arab Emirates, GlobalPay focuses on investments and technology solutions related to payments and financial technology.
MasrPay benefits from the group’s shared expertise, capabilities, and regional presence, which also extends to Saudi Arabia through GlobalPay KSA – Alam Al-Dafaa.
Ali Taha, Chief Business Officer of MasrPay, said that the capital increase supports continued investment in the company’s technology infrastructure and the readiness of its systems and platforms to accommodate future growth in business and transaction volumes.
| “Our objective is to ensure that commercial growth is accompanied by continued investment in technology, cybersecurity, and business continuity, so that our technology infrastructure remains capable of supporting future expansion with efficiency and reliability.” |
During the next phase, MasrPay will focus on further developing its payment gateway, technology infrastructure, cybersecurity, and operational capabilities, alongside expanding its digital services and strengthening partnerships across the payments ecosystem.
