Raseedy launches Egypt’s first independent wallet, filling a gap in the payments market by allowing users to transfer money, purchase via QR code, and more from their phones.

By ; Basel  Khaled

Raseedy launches Egypt’s first independent digital wallet in partnership with saib bank and Mastercard.

Raseedy’s digital wallet is a reliable, lightweight, and cross-platform mobile app that empowers its users with great financial flexibility and security.

Raseedy’s hybrid B2C and B2B approach to digital financial inclusivity enables a wide range of services. Raseedy’s users can seamlessly transfer money, purchase via QR codes, pay bills, issue online virtual debit cards, and receive remittance internationally.

Raseedy’s business partners get digitized with disbursement and collection solutions, which are currently tailored for payroll and microfinance-specific use cases. Raseedy wallet is Egypt’s first independent licensed digital wallet to be Meeza certified, which enables its users to transfer to and receive money from any digital wallet in Egypt.

“We are proud to announce Raseedy’s launch,” says Jacques Marco, co-founder and CEO at Raseedy, “We believe that it is our mission at Raseedy to improve our users’ lives by giving them more control and visibility over their finances. With the government’s push towards financial inclusion and digital transformation, launching our independent wallet now is the prime opportunity for Raseedy.

We are excited to see our wallet hit the one-million users’ milestone in the coming months.” “We, at Raseedy, have a vision that our digital wallet will substitute cash in everyday life in an efficient, transparent, and cost-effective way,” says Karl Marco, co-founder and COO/CPO at Raseedy, “We strive to deliver easy-to-use, trustworthy, and innovative digital solutions. Raseedy achieves this by focusing on having simple registration procedures and an intuitive user experience accessible at every socio-economic level.”

About Raseedy, SAE: Raseedy was founded by Jacques and Karl Marco in 2018. Raseedy has designed, implemented, and launched Egypt’s first independent digital wallet which is licensed by the Central Bank of Egypt in partnership with saib bank and Mastercard and fully certified by Meeza, the national payment’s scheme operator.

Raseedy has a cash-in/cash-out network of over 14,000+ ATMs and 70,000+ POS nationwide.