Banque du Caire Partners with Taly to Transform Egypt’s Digital Payments Landscape

Banque du Caire has struck a fresh deal with Egyptian fintech player Taly, taking another step in its digital payments journey. The two sides had already been working together for a couple of years, mainly around acquiring services, and now they’re extending the partnership to cover credit card processing. In simple terms, Taly will handle the Bank’s card operations, with the goal of making payments smoother, more secure, and frankly, a lot less of a faff for customers.

Bank executives are describing the move as a milestone in their ongoing push towards innovation in Egypt’s financial sector. Mohamed Tharwat, the Bank’s Head of Retail Banking, highlighted the growth of its credit card portfolio, one of the country’s largest, and called this step a way to keep expanding with more inventive options. He was quick to underline that this kind of collaboration is central to supporting financial inclusion and boosting the wider economy.

From Taly’s side, CEO Tawfik Mahmoud said he was proud to be working alongside an institution of such stature. He spoke about using cutting-edge processing technologies and strong digital infrastructure, which, in his words, show how fintech firms and banks can combine forces to meet Egypt’s digital transformation ambitions. And believe it or not, those ambitions are moving at quite a clip these days.

Looking ahead, this agreement should mean tighter fraud prevention systems, more user-friendly services, and a stronger push towards digital ecosystems that match global trends. It also solidifies Taly’s role as one of Egypt’s most promising young fintechs. Launched in 2021 with EGP 650 million in initial investment, the company has scaled quickly, rolling out tools such as e-wallets, e-commerce solutions, and services across debit, credit, and prepaid cards.

I reckon what’s striking here is the local angle. Rather than relying solely on global tech solutions, Banque du Caire has chosen a home-grown partner, which could be spot on for ensuring tech and customer needs evolve in sync with the Egyptian market. At Arageek, when we speak with founders, there’s always this recurring theme: local know-how still counts for a lot, even in fintech. I still remember chatting with a pair of young founders in Cairo last year who told me how navigating the payments landscape was “like climbing a sand dune that keeps shifting under your feet.” Deals like this one suggest that banks, at least, are trying to steady the ground beneath them.

It’s not all plain sailing, of course. Integrating new systems at scale can be messy, and customers can be unforgiving if payments glitch. But overall, the pact feels like a sensible move, and Egyptian consumers may soon see the difference in more seamless transactions. If it works as intended, both the banking and startup communities could be chuffed to bits with the outcome—even if there are a few bumps along the way.

One thing’s for sure: the digital payments space in Egypt is heating up, and partnerships like this are setting the tempo for what’s to come. Or, as one founder once told me half-jokingly, “fintech here doesn’t slow down—it only speeds up, even when you’re not fully ready.” Well… I mean, that sounds pretty accurate.

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