A Major Fintech Partnership
Fawry, leading fintech company from Egypt, has announced a strategic partnership with Contact Financial Holding, a top non-banking financial services provider in Egypt. This collaboration aims to expand Buy Now, Pay Later (BNPL) services across Egypt. In effect, making flexible payment options more accessible to consumers and businesses.
Under this agreement, Contact’s BNPL service will integrate into Fawry’s vast payment network. In fact, this network includes over 370,000 POS terminals and a robust online platform. The goal is to give Contact’s customers more convenient and flexible installment payment options. This will allow them to finance purchases with ease.
Beyond BNPL – A Wider Fintech Collaboration
This partnership isn’t just about BNPL—it extends to multiple fintech services, including:
- âś” Electronic payments
- âś” Bill collection
- âś” Financial integration
By merging their expertise, Fawry and Contact aim to enhance digital payment infrastructure in Egypt, reduce reliance on cash, and support the country’s digital transformation strategy.
A Vision for Financial Inclusion
Heba El Awady, Chief Business Officer – Acceptance at Fawry, emphasized the company’s strategic vision:
“We are committed to collaborating with reputable institutions that share our values in promoting financial inclusion and supporting Egypt’s digital transformation. Our partnership with Contact will make financial services more accessible, offering customers greater flexibility and security in their payments.”
The BNPL service is designed to give customers a safer and easier way to access products and services, while also benefiting businesses by enabling seamless digital transactions.
Expanding Nationwide with Smarter Payment Solutions
Ghada Tayel, Head of Products & Business Development at Contact Financial Holding, highlighted the benefits of this collaboration:
“Expanding our partnership with Fawry aligns with our commitment to offering innovative financing solutions. By leveraging Fawry’s extensive merchant network across various governorates, we can expand our reach and serve a broader customer base.”
By offering efficient and flexible payment options, this partnership will help businesses grow while making it easier for individuals to manage their finances.
Driving Egypt’s Digital Payments Revolution
The Contact-Fawry partnership reinforces their shared mission to streamline digital transactions, promote financial inclusion, and enhance payment security. This initiative is expected to:
- âś… Reduce dependency on cash transactions
- âś… Increase access to digital financial services
- âś… Improve convenience for both consumers and merchants
As Egypt continues its digital transformation, partnerships like this play a key role in shaping a modern, inclusive, and efficient financial ecosystem.