Latest news with #HebaElAwady
Wamda
18-03-2025
- Business
- Wamda
Fawry partners with Contact to broaden BNPL services in Egypt
Press release: Fawry, Egypt's leading fintech company, has signed a strategic agreement with Contact Financial Holding, Egypt's leading non-banking financial services provider, to broaden their partnership by integrating Contact's Buy Now, Pay Later (BNPL) service into Fawry's vast payment network, which includes over 370,000 POSs and its online platform. Under this partnership, Fawry's integrated digital payment solutions will be available to Contact's customers, offering them convenient and diverse options to pay in installments and finance their purchases with ease. This partnership goes beyond the "Buy Now, Pay Later" (BNPL) service, extending to various fintech areas, including electronic payment solutions, bill collection, and more, enhancing the integration of services provided. Additionally, this collaboration aligns with Egypt's digital transformation strategy by reducing reliance on cash transactions and promoting financial inclusion. Heba El Awady, Chief Business Officer – Acceptance, added: "We have a strategic vision to strengthen collaboration with reputable institutions and major companies that share Fawry's values in promoting financial inclusion and supporting the state's digital transformation efforts. The partnership with Contact aims to facilitate and expand financial services to reach more sectors, providing our customers with greater flexibility and more options. The BNPL service is designed to make it easier and safer for customers to access the products and services they need in a convenient and secure manner. Ghada Tayel, Head of Products & Business Development at Contact Financial Holding, stated, Expanding our partnership with Fawry reflects our commitment to providing innovative financing solutions that meet our customers' needs. By offering more efficient and flexible payment options through Fawry's extensive network of merchants across various governorates, we enhance our geographical reach and expand our presence nationwide, enabling access to a broader customer base." This collaboration reinforces the shared commitment of Contact and Fawry to offering an integrated suite of digital payment solutions that align with the evolving needs of the Egyptian market. By promoting financial inclusion, streamlining and securing digital transactions, and reducing reliance on cash, the partnership enhances the overall efficiency of Egypt's digital payments infrastructure while delivering a seamless and customer-centric payment solution for both individuals and merchants.
Zawya
18-03-2025
- Business
- Zawya
Contact strengthens its collaboration with Fawry to deliver fully-fledged digital payment solutions
Cairo, Contact Financial Holding, Egypt's leading non-banking financial services provider, has signed a new agreement with Fawry, Egypt's leading fintech company, to expand their partnership by enabling Contact's Buy Now, Pay Later (BNPL) service across Fawry's extensive payment network, which includes over 370,000 points of sale and its online platform. This agreement expands the successful strategic partnership between Contact and Fawry, offering Contact's customers greater payment flexibility through seamless installment plans and financing options powered by Fawry's integrated digital payment solutions. The partnership goes beyond BNPL, encompassing a broader range of fintech solutions, including E-Payment Gateway, bill payment aggregation, and other services, further strengthening the integration of the services provided. In line with Egypt's vision to drive digital transformation, this partnership supports the government's strategy to promote financial inclusion and reduce reliance on cash transactions. The agreement also aims to expand digital payment options, making it easier for citizens to adopt electronic payments. Ghada Tayel, Head of Products & Business Development at Contact Financial Holding, stated: "Expanding our partnership with Fawry reflects our commitment to delivering innovative and customer-centric financial solutions that cater to our customers' needs. By offering more efficient and flexible repayment options through Fawry's extensive merchant network across Egypt, we are strengthening our market reach and making our financing solutions more accessible to a broader customer base." Heba El Awady, Chief Business Officer -Acceptance, added: "We have a strategic vision to strengthen collaboration with reputable institutions and major companies that share Fawry's values in promoting financial inclusion and supporting the state's digital transformation efforts. The partnership with Contact aims to facilitate and expand financial services to reach more sectors, providing our customers with greater flexibility and more options. The BNPL service is designed to make it easier and safer for customers to access the products and services they need in a convenient and secure manner. It's worth noting that this collaboration reinforces the shared commitment of Contact and Fawry to offering a fully-fledged suite of digital payment solutions that align with the evolving needs of the Egyptian market. By streamlining and securing digital transactions, the partnership enhances the overall efficiency of Egypt's digital payments infrastructure while delivering a seamless and customer-centric payment experience for both individuals and merchants.
Zawya
09-03-2025
- Business
- Zawya
Fawry and Ottu sign strategic collaboration agreement to drive unprecedented business growth in Egypt
Cairo, Egypt: Fawry, Egypt's leading fintech company, has signed a pioneering Mutual Collaboration Agreement (MCA) with Ottu, the leading Online Payment Management System (OPMS) in the Middle East. Together, Fawry and Ottu aim to redefine Egypt's online payment landscape, empowering businesses with innovative and efficient payment solutions, with Fawry being Ottu's first partner in Egypt. This strategic alliance creates a significant opportunity for businesses aiming to expand their operations across Egypt. By integrating Fawry's leading payment infrastructure with Ottu's advanced Online Payment Management System (OPMS), organizations can access flexible and secure payment solutions tailored to the evolving needs of this dynamic market. Leveraging Fawry's extensive expertise in Egypt, this collaboration offers valuable local market insights, enabling businesses to streamline payment processes, enhance efficiency, and reduce operational costs while positioning themselves for growth in Egypt's emerging economy. For her part, Heba El Awady, Chief Business Officer – Acceptance at Fawry commented, 'Our partnership with Ottu strengthens Fawry's position as Egypt's leading payment service provider and reaffirms our ongoing commitment to driving innovation. Together, we are empowering businesses with advanced, secure, and seamless payment solutions, enhancing their ability to thrive in an evolving digital economy.' Talal Al Awadhi, CEO of Ottu, expressed his enthusiasm about collaborating with Fawry stating: 'Within this strategic partnership, we demonstrate our market expansion goals and focus on delivering advanced payment solutions to help businesses thrive. Our initiatives in Egypt will serve as the cornerstone for expanding our presence beyond the GCC.' The digital economy across Africa is poised for significant expansion in the coming years, with Egypt's pivotal regional access playing a crucial role. The Fawry-Ottu partnership provides businesses with a powerful competitive edge, equipping them with the tools needed to capitalize on emerging market opportunities in this lucrative marketplace. About Fawry for Banking Technology and Electronic Payments Founded in 2008, Fawry is the largest e-payment platform in Egypt serving the banked and unbanked population. Fawry's primary services include enabling electronic bill payments, mobile top-ups and provisions for millions of Egyptian users. Other digital services also include e-ticketing, cable TV, and variety of other services. Through its peer-to-peer model, Fawry is enabling corporates and SMEs to accept electronic payments through a number of platforms including websites, mobile phones, and POSs. With a network of 36 member banks, its mobile platform and more than 372 thousand agents, Fawry processes more than 6 million transactions per day, serving an estimated customer base of 53.1 million users monthly. Learn more at About Ottu Ottu stands at the forefront of financial technology as a pioneering company committed to transforming the landscape of online payment integration, management, and orchestration for merchants. Ottu's unwavering dedication to innovation, security, and customer-centric solutions has paved the way for strategic partnerships with banks, schemes, and acquirers, enhancing the fintech ecosystem. Learn more at
