Fawry – Transforming Digital Payments

Details

Introductory about the startup/individual
Founded in 2008 by Ashraf Sabry, Fawry built Egypt’s first nationwide e‑payments network—spanning ATMs, mobile wallets, kiosks and online portals.

What is the impact of the innovation/startup?

30 million+ registered users
225,000+ service points nationwide
Processes 2 billion+ transactions annually

Awards
World Finance Banking Technology Award (2017)
Middle East Technology Excellence Award (2019)

Success Factors
Building trust with regulators to expand services
Ubiquitous agent network covering urban and rural areas
Continuous product diversification (utilities, bills, fintech)

Say something to young students, entrepreneurs and researchers
“When you build critical infrastructure, focus equally on user trust, regulatory alignment, and frictionless access.”