(Bloomberg) -- Vodafone Egypt is working with Bank of Alexandria to launch a pilot nano lending service to consumers, Ayman Essam, the telecom’s external relations director, said in a message to Bloomberg.
Essam said the move is “a normal evolution” given that Vodafone Egypt has 65% of mobile wallet share and more than 80% of the transactions on that platform
Move is “part of our efforts toward financial inclusion”
Co. was selected by Central Bank of Egypt and Egypt’s National Telecom Regulatory Authority for the program
Vodafone and Bank of Alexandria still discussing details, including amounts and launch date
