Basata Nears Closing Deal to Raise Vodafone Egypt’s Stake to 20% to Revolutionize the Financial Payments Sector

Basata Holding for Financial Payments S.A.E., the leading e-payment services company in Egypt, announced that it nears completing Vodafone Egypt’s deal to increase its stake in its two subsidiaries (TBE Egypt for Payment Solutions and Services S.A.E.(Bee) and Applications & Payment Systems Development APSD S.A.E. (Masary) from almost 10% to 20%, following the Central Bank of Egypt’s approval. This