Egypt: Contact Creditech launches Maestro
The feature, available through the Contact Now application, marks a first for Egypt and the Middle East, offering users unprecedented flexibility and control over their financial commitments.
The Maestro program enables users to adjust their repayment periods from 6 to 60 months, modify administrative fees, and even lower interest rates to 0% by restructuring the fee setup. Changes are reflected instantly on the app's digital dashboard, providing full transparency.
According to Omar El Fiky, Managing Director of Contact Creditech, Maestro is a transformative step for the region's financial landscape. Customers can now take control of their financing plans like never before, with the ability to adjust interest rates, administrative fees, and repayment tenures in real time. This innovation reflects our commitment to making financial solutions more accessible, transparent, and tailored to individual needs, he said.
Said Zater, CEO of Contact Financial Holding, emphasized the significance of Maestro in advancing digital financial services. The launch of Maestro is a major milestone in our journey toward digital transformation. We believe customers should have full control over their financial choices, and this program allows them to do exactly that. It's not just about offering an installment plan—it's about giving people the power to manage their finances in a way that best suits them, he stated.
Once a plan is finalized, the transaction is instantly updated in the merchant's system, streamlining the process for both customers and retailers. By integrating a high level of personalization, Contact Now is reshaping how consumers interact with financial services.
The launch of Maestro represents a broader shift in Egypt's fintech sector, focusing on digital innovation and customer empowerment. With this new solution, Contact Creditech aims to set a new standard for installment payments, making financial planning more flexible and transparent for all users.
© 2024 Daily News Egypt. Provided by SyndiGate Media Inc. (Syndigate.info).
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Zawya
2 days ago
- Zawya
ContactNow, PayTabs Egypt integrate BNPL services to expand digital payment access
Arab Finance: ContactNow, the digital arm of Contact Financial Holding, has partnered with PayTabs Egypt to integrate its buy now, pay later (BNPL) services into PayTabs' payment infrastructure, as per an emailed press release. This integration aims to make digital payments more accessible for merchants and consumers across Egypt. The collaboration allows merchants using PayTabs Egypt's platform to offer ContactNow's BNPL solution at checkout, giving customers the option to finance purchases without traditional procedures. By combining ContactNow's financing tools with PayTabs Egypt's secure platform, the partnership aims to increase access to digital financial services and improve customer-focused payment methods. The integration also supports Contact Financial Holding's plan to grow its fintech partnerships. © 2025 All Rights Reserved Arab Finance For Information Technology Provided by SyndiGate Media Inc. (
Zawya
3 days ago
- Zawya
Contactnow and PayTabs Egypt team up to make digital payments more accessible through BNPL solutions
ContactNow and PayTabs Egypt empower users with seamless, flexible payment journeys using BNPL service Cairo: As part of Contact Financial Holding's continued efforts to solidify its leadership in fintech landscape, ContactNow, the Group's digital arm, has announced a strategic partnership with PayTabs Egypt, the award-winning payment orchestration solutions provider. The partnership aims to empower both merchants and consumers by enabling them to finance their purchases seamlessly through ContactNow's Buy Now, Pay Later (BNPL) service, now fully integrated into PayTabs Egypt's delivering smarter, secured payment experience. This partnership reflects the shared commitment of ContactNow and PayTabs Egypt to driving digital innovation and simplifying financial services across Egypt. By combining ContactNow's flexible BNPL solution with PayTabs Egypt's robust payment infrastructure, both companies are working together to expand access to smart, customer-centric payment experiences. Built on the strong foundation of Contact Financial Holding and powered by PayTabs Egypt's secure and scalable platform, this integration enables merchants to offer faster, more seamless checkout journeys, giving customers the freedom to finance purchases with ease, and without the friction of traditional procedures. 'At ContactNow, we are committed to developing smart and fast digital financing solutions that meet the needs of both individuals and businesses. Our partnership with PayTabs Egypt marks a strategic milestone in expanding flexible payment options and reinforces our role in driving digital transformation across Egypt's financial sector. It also reflects our ongoing mission to support the evolving needs of today's digitally minded users.' Stated, Ahmed El Moselhy, Business Director at ContactNow. 'Our partnership with ContactNow marks another step in PayTabs Egypt's mission to enable smarter, more accessible digital payments for all businesses by combining our secure payment orchestration infrastructure with ContactNow's innovative platform, we're creating real value for merchants and their customers, making every transaction simpler, faster, and more reliable.' Commented, Haytham Morsy, VP Commercial & Business Development at PayTabs Egypt. This strategic alliance reinforces ContactNow's growing network of fintech partners and aligns with the broader vision of Contact Financial Holding and PayTabs Egypt to accelerate digital transformation and expand financial inclusion across Egypt. By extending access to diverse, customer-centric financing solutions that meet the evolving needs of modern businesses and consumers. As Egypt's fintech landscape continues to advance, both organizations are uniquely positioned to scale impactful, future-ready services that empower users, drive merchant success, and support a more inclusive digital economy. About Contact Financial Holding: Contact Financial Holding SAE ( is the largest non-bank financial services provider in Egypt changing the way people and business access finance and insurance. Operating since 2001, Contact adopts innovative approaches in extending its services, offering quality services with simple procedures and reaching a wide client base through its various subsidiaries, affiliates and partners. Contact's financing division offers market leading services including consumer financing for new and used passenger and commercial vehicles and an array of consumer durables through Contact Credit and Contact CrediTech, Mortgage finance through Contact Mortgage, as well as commercial finance through Contact Leasing and Contact Factoring. Contact operates in insurance through Sarwa Insurance and Sarwa Life Insurance. Contact also offers an array of corporate financing services including securitization, structured debt and debt investment management. Contact Financial Holding SAE is authorized and regulated by the Financial Regulatory Authority (FRA). About PayTabs Egypt PayTabs Egypt is an award-winning payment solutions provider, empowering businesses of all sizes with simple, secure, and innovative payment orchestration technologies. A member of the PayTabs Group - MENA's award-winning payment orchestration powerhouse and one of the top 100 fintech companies in the world - PayTabs Egypt delivers customized payment solutions including QR payments, online invoicing, and ecommerce integrations for local businesses. PayTabs Egypt advances the country's digital payments landscape with smart, secure, and scalable solutions, supported by trusted partnerships and local market a strong focus on local market needs, PayTabs Egypt partners with banks, platforms, and enterprises to enable cashless transactions and power the nation's transition toward a digital economy. Leveraging deep local expertise, advanced infrastructure, and a commitment to merchant success, PayTabs Egypt plays a leading role in shaping the future of digital payments in the country.
Zawya
20-07-2025
- Zawya
Contact Insurance Brokerage joins forces with UN Global Compact to champion ESG and women in leadership
Cairo: Contact Financial Holding continues to solidify its role as a key development partner in the Egyptian market by championing initiatives that promote good governance, transparency, and equal opportunity, with a strong focus on the economic and social empowerment of women. As part of this commitment, Contact Insurance Brokerage, the Group's insurance brokerage arm, has officially joined the UN Global Compact Network Egypt (UNGCNE), while also supporting UNGCNE flagship women empowerment program, 'Bloom with Purpose.' This Pearson-certified program is designed to equip women in mid-management positions with the strategic leadership skills, emotional intelligence, and decision-making capabilities necessary to advance into senior executive roles—contributing to a more inclusive and resilient business environment in Egypt. By joining the world's largest corporate sustainability initiative, Contact Insurance Brokerage takes a bold step toward deepening its commitment to responsible business practices. This partnership not only strengthens the company's leadership position within Egypt's insurance sector but also unlocks opportunities to scale its sustainability impact through access to global knowledge, tools, and capacity building platforms. including business accelerators in key areas such as Business & Human Rights, Climate Ambition, SDG Innovation, and Business Integrity. In addition to the Sustain360 program, UNGCNE's flagship capacity-building program focused on developing core ESG competencies across the private sector, along with full access to the UN Global Compact Academy, the UN's premier digital learning platform offering practical, on-demand training to help businesses integrate sustainability into strategy, operations, and leadership. 'At Contact Insurance Brokerage, we believe that women's empowerment and good governance are not merely social responsibilities; they are fundamental pillars for building strong and sustainable institutions. Our partnership with the UN Global Compact Network Egypt (UNGCNE) is a natural extension of our vision to cultivate a workplace rooted in diversity, equality, and innovation, where equal opportunity is a core value guiding everything we do,' stated Mrs. Nehal Break, Chairman and Managing Director of Contact Insurance Brokerage. 'We consider women's empowerment a strategic priority, essential to achieving sustainable economic growth and strengthening our competitiveness as a leading company in the Egyptian market. This partnership offers a framework of global standards and best practices that will help translate our vision into action while generating measurable impact across our business and the broader community. We hope this step marks the beginning of a broader journey of impactful initiatives in the near future,' Mrs. Break added. 'We value our collaboration with Contact Group, though our partnership with Contact Insurance Brokerage reflects a strong alignment with our mission. Their support for Bloom with Purpose initiative stands as a clear testament to their commitment to empowering women in decision-making roles,' commented Mrs. Walaa El-Husseiny, CEO of the UN Global Compact Network Egypt. Mrs. El-Husseiny added 'This partnership lays the foundation for impactful, long-term cooperation that we believe will resonate across Egypt's financial sector and labor market. The active engagement of private sector leaders like Contact Insurance Brokerage is essential to advancing the Sustainable Development Goals (SDGs) and strengthening women's leadership across the country.' It is noteworthy that this partnership clearly reflects Contact Insurance Brokerage's long-standing commitment to creating a positive and sustainable societal impact. It aligns with the group's strategic direction of supporting key societal priorities, including gender equality, quality education, decent employment, and good governance, in line with the Sustainable Development Goals.
