Axis, a digital payments platform for small businesses, has launched its services, in partnership with Visa, the world leader in digital payments. Axis has obtained the licence from the Central Bank of Egypt (CBE) for its open-loop mobile wallet, offering a digital banking alternative for small businesses and their employees. With Axis, small businesses can streamline their payments to employees and suppliers digitally. During the ceremony, Jacques Marco, Axis Founder and CEO, said: “Small businesses are the backbone of the Egyptian economy, contributing to 80% of Egypt’s GDP. The team is made of experienced FinTech experts who are building a world-class digital payments platform for small businesses.

Source: Daily News Egypt May 18, 2023 16:41 UTC