Latest news with #ContactNow
Economic Key
17-04-2025
- Business
- Economic Key
ContactNow Launches Fly Now, Pay Later in EGP for International Flights via Alternative Airlines
Contact Creditech, a subsidiary of Contact Financial Holding, has announced a strategic partnership with Alternative Airlines, a global flight booking site that gives travelers everywhere the freedom to fly, enabling Contact's Buy Now, Pay Later (BNPL) service for airline tickets through ContactNow App. As the first collaboration of its kind in Egypt, Contact Now is leading the way as the first company to partner with the global platform Alternative Airlines. This partnership offers users a new and convenient way to book flights with over 600 airlines worldwide, while benefiting from flexible financing options in Egyptian Pounds, with repayment periods ranging from 6 to 60 months. This milestone highlights Contact's ongoing commitment to enhancing its digital financial solutions and solidifying its position as a leading player in Egypt. Ahmed El Moselhy – Business Director at ContactNow, stated: 'We're proud to announce this exclusive partnership with Alternative Airlines, which marks a significant milestone in our strategy to expand Contact's BNPL offerings in the Egyptian market, particularly within the travel and aviation sectors. At ContactNow, we are committed to providing more accessible, innovative and customer-centric financial solutions that cater to our customers' evolving needs. This collaboration is a testament to our unwavering commitment to driving digital transformation and expanding our services offerings efficiently and effectively across Egypt's fintech ecosystem.' Sam Argyle – Managing Director of Alterative Airlines, added: 'We're excited to partner with ContactNow to expand our flight booking services in Egypt, one of the leading markets in the MENA region. Our shared goal is to make travel more convenient by offering flexible payment options that allow travelers to plan and book trips with greater ease and confidence, backed by reliable financing solutions.' This partnership brings a valuable addition to ContactNow's suite of services, offering customers the freedom to plan both leisure and business trips with confidence, along with the convenience of deferred payments and flexible financing solutions to ensure a smoother, more convenient travel experience. تم نسخ الرابط
Zawya
17-04-2025
- Business
- Zawya
For the first time in Egypt: ContactNow and Alternative Airlines collaborate to offer BNPL service for flight bookings
Cairo: Contact Creditech, a subsidiary of Contact Financial Holding, has announced a strategic partnership with Alternative Airlines, a global flight booking site that gives travelers everywhere the freedom to fly, enabling Contact's Buy Now, Pay Later (BNPL) service for airline tickets through ContactNow App. As the first collaboration of its kind in Egypt, Contact Now is leading the way as the first company to partner with the global platform Alternative Airlines. This partnership offers users a new and convenient way to book flights with over 600 airlines worldwide, while benefiting from flexible financing options in Egyptian Pounds, with repayment periods ranging from 6 to 60 months. This milestone highlights Contact's ongoing commitment to enhancing its digital financial solutions and solidifying its position as a leading player in Egypt. Ahmed El Moselhy – Business Director at ContactNow, stated: 'We're proud to announce this exclusive partnership with Alternative Airlines, which marks a significant milestone in our strategy to expand Contact's BNPL offerings in the Egyptian market, particularly within the travel and aviation sectors. At ContactNow, we are committed to providing more accessible, innovative and customer-centric financial solutions that cater to our customers' evolving needs. This collaboration is a testament to our unwavering commitment to driving digital transformation and expanding our services offerings efficiently and effectively across Egypt's fintech ecosystem.' Sam Argyle – Managing Director of Alterative Airlines, added: 'We're excited to partner with ContactNow to expand our flight booking services in Egypt, one of the leading markets in the MENA region. Our shared goal is to make travel more convenient by offering flexible payment options that allow travelers to plan and book trips with greater ease and confidence, backed by reliable financing solutions.' This partnership brings a valuable addition to ContactNow's suite of services, offering customers the freedom to plan both leisure and business trips with confidence, along with the convenience of deferred payments and flexible financing solutions to ensure a smoother, more convenient travel experience.
Zawya
17-03-2025
- Automotive
- Zawya
Forbes Middle East places Contact Financial Holding on Top 50 Fintech Companies for the second year in a row
Cairo: Contact Financial Holding, Egypt's leading non-banking financial services provider, has been recognized by Forbes Middle East as one of the Top 50 Fintech Companies in the Middle East for 2025, marking the second consecutive year the company has received this prestigious honor . This achievement underscores Contact's leadership in the fintech sector by providing innovative financial solutions that drive financial inclusion and support digital transformation across Egypt and the region. Contact continues to solidify its position in fintech sector through an integrated approach to enhancing its digital solutions, ensuring a seamless and secure experience for individuals and businesses alike. Through its flagship application, ContactNow, App leverages AI to offer instant approvals and precise credit assessments. This advanced technology contributed to a 38% y-o-y increase in the total value of transactions made through the App in FY24, reflecting growing customer demand for Contact's digital financial services. Reinforcing its dedication to innovation, Contact has introduced Maestro program, a groundbreaking feature within ContactNow app that redefines installment payments. This program gives users full control over their payment plans through an interactive digital dashboard, enabling them to customize repayment durations, adjust administrative fees, and even lower interest rates to 0% by fine-tuning the administrative fee structures. In addition to Egypt's first specialized digital automotive platform, which sustained its impressive growth with monthly active users reaching 1.2 million in 2024, the platform also introduced Otlobha, a service designed to enable customers to purchase their desired cars at the best price and in the shortest time possible, solidifying its position as Egypt's go-to platform for car buyers. Building on its efforts to advance digital financial solutions, Contact established its electronic payments arm, operating under its umbrella "Contact Pay". As a leading provider of digital payment solutions, Contact Pay underscores the company's strategic vision to enhance customer experience through key partnerships, reaffirming its continuous pursuit of cutting-edge digital financial solutions. With this vision, Contact remains at the forefront of fintech innovation, advancing AI-powered digital tools that enhance efficiency and streamline financial solutions to better serve an expanding customer base and address evolving market demands. Commenting on Forbes' ranking, Said Zater, CEO of Contact Financial Holding, expressed pride in the company's continued success, stating: 'Securing our place among the region's top 50 fintech companies for the second consecutive year is a testament to the strength of our digital innovation strategy. He added: 'At Contact, digital transformation is more than just a milestone, it lies at the heart of our vision for the future of financial services. We remain committed to developing cutting-edge digital financial solutions that drive financial inclusion, accelerate digitalization, and deliver a seamless, efficient experience that not only meets but exceeds customer expectations, reinforcing their trust in our ability to provide innovative financial solutions tailored to their evolving needs.' It is noteworthy that this recognition by Forbes Middle East is not the first for Contact. For three consecutive years, Contact has been ranked among the Top 50 listed companies on the Egyptian Stock Exchange. Additionally, Contact was honored as a sustainability leader in the Middle East, and Mr. Said Zater, was recognized as one of the top CEOs in the Middle East for two years in a row .
Zawya
05-02-2025
- Business
- Zawya
Egypt: Contact Creditech launches Maestro
Egypt - Contact Creditech, a subsidiary of Contact Financial Holding, has launched Maestro,a new digital financing solution that allows customers to fully customize their installment plans, including selecting their own interest rates. 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. (
