Fawry’s primary services include enabling electronic bill payments and mobile top-ups. Through its peer-to-peer model, it enables corporates and SMEs to accept electronic payments through websites, mobile phones, and POS systems. With a network of 36 member banks and more than 280,000 agents, Fawry serves 49.4 million users and processed transactions of $6.8 billion in 2022. In November 2022, the company’s subsidiary, Fawry Microfinance, launched a digital loan request and tracking mobile app, “Tamweelak Fawry,” while it plans to launch BNPL service in 2023. The company’s revenue grew by 37.5% in 2022 to $75 million. Its market cap stood at $542 million as of March 21. ADQ is the largest shareholder, with a 12.6% stake.