Swypex Launches Approval-Based Limits Card in Egypt

Swypex has recently announced the introduction of its Approval-Based Limits Card in Egypt. This new card is designed to help businesses manage their expenses more efficiently and securely.

Following this launch, the card will be available through the Swypex Premium subscription plan. The key feature of this card is that spending limits are only activated after transactions have been reviewed and approved.

By implementing this setup, finance teams can gain real-time oversight and enforce optimized spending policies. While Swypex continues to meet the needs, preferences, and demands of clients in an evolving market, it prioritizes compliance with local regulatory requirements.

Details on the Approval-Based Limits Card

The card mimics the structure of petty cash management, using a rotating balance system to ensure employee spending stays within approved limits. Additionally, Swypex aims to streamline and secure manual processes, enhancing operational control.

With over 74% of adults financially included and mobile wallet usage on the rise, yet 94% of business payments still processed manually, Swypex is addressing these challenges by offering local solutions that meet international standards. The Approval-Based Limits Card is part of a broader Premium subscription including cashback, spend controls, and customizable approval workflows.

This setup will enable finance teams to maintain oversight and enforce spending policies in real-time, while also improving the overall customer experience and accelerating time-to-market for new products.