Before Axis, Marco co-founded Raseedy, Egypt’s first independent mobile wallet. These small businesses are heavily cash-based, with little access to online banking services, payroll processing and working capital financing. “Think of us like an M-Pesa for small businesses in Egypt. We help these small businesses that are heavily cash reliant and pay their employees, suppliers and B2B payments in cash and provide digital payments alternative for them. “All this we’re doing closely with the regulator to follow the country’s national strategy of digitization, reducing cash, empowering small businesses and growing the economy.”

Source: The North Africa Journal May 17, 2023 09:27 UTC