Tuesday March 5th, 2024
Download the app

Egypt's First Gold ATM Officially Launched

The new ATM was launched through a partnership between Master Gold Egypt and local e-payment technology company Finway.

Cairo Scene

Egypt's First Gold ATM Officially Launched

Master Gold Egypt has partnered with local e-payment technology company Finway to launch the first gold ATM in Egypt. The ATMs will allow citizens to purchase gold bullion in segments of 1 gram to 100 grams, and are expected to be installed in commercial malls.

The initiative comes as part of Egypt’s efforts to establish itself as a primary hub for gold exports to the Gulf states, Italy and Africa. According to Egypt’s General Organization for Export and Import Control, the country’s gold exports increased by 45%, reaching a total amount of USD 1.633 billion in 2022, compared to USD 1.126 billion in 2021.

Details regarding the precise location of the new gold ATMs have not yet been revealed.


Be the first to know


The SceneNow App