E68 – Payments in EGYPT: Moving from CASH to a DIGITAL Payments Economy - Sarunas Matulevicius, Axis

In this episode of The Payments Show Podcast, I spoke to Sarunas Matulevicius who is the Head of Product at Axis in Egypt. Axis is a solution which helps small to medium businesses in Egypt with payments, banking, payroll and other essential tools.

Click through the Chapters Menu at the top of the episode webpage here: http://thepayments.show

Summary of topics discussed:
1. Serving the Unbanked and Underbanked
2. For Businesses and Individuals
3. Stats for Egypt: Banking and Financial Inclusion
4. The Market of Egypt
5. Government Wants to Digitize the Economy
6. Regulation & Compliance in Egypt
7. Culture and Sharia Financial Compliance
8. Impact of Macro Economics and War
9. Legacy Banks
10. Deals & Discounts, QR Codes
And much more…

Details:
- Recorded on 27 Apr 2023
- Host: Satwant Phull, Founder of Digital Money Lab
- Guest: Sarunas Matulevicius, Head of Product, Axis

[Next Steps]
- Get in touch with Satwant: digitalmoneylab.com
- Axis: axisapp.com | @axis_app

Chapters

• 0:00 Introduction
• 1:09 Serving the Unbanked and Underbanked
• 2:16 For Businesses and Individuals
• 4:23 Stats for Egypt: Banking and Financial Inclusion
• 6:53 The Market of Egypt
• 9:00 Government Wants to Digitize the Economy
• 9:58 Regulation & Compliance in Egypt
• 11:09 Culture and Sharia Financial Compliance
• 11:55 Impact of Macro Economics and War
• 12:50 Legacy Banks
• 14:55 High Growth for New Companies
• 15:59 Cash-Based Economy
• 18:45 Deals & Discounts for Business Promotions
• 27:10 SME Focus
• 29:27 Mesa vs QR Codes vs Traditional Card Schemes
• 33:51 Learning from Other Markets