Euronet aims to inject EGP 400m of new investments into the Egyptian market by the end of 2018, according to director for the Middle East and North Africa Mohamed Farouk. He noted that the company has over 270 clients, including 45 regional customers and 12 banks in Egypt, which use the company’s technological services in the management of electronic financial transactions. The company also manages about 125,000 ATM machines around the world, in addition to 800,000 points of sale (POS). He added that the company has 61 offices around the world, through which they provide services in 160 countries. Cash withdrawals from these ATMs reached $38bn worldwide.

Source: Daily News Egypt May 28, 2017 17:15 UTC