Contact Financial Holding, Egypt’s non-banking financial services provider, has signed an agreement with Fawry, a fintech company in Egypt, to expand their partnership.
The deal enables Contact’s Buy Now, Pay Later (BNPL) service across Fawry’s payment network, which includes over 370,000 points of sale and its online platform.
The agreement builds on the existing collaboration between the two companies, aiming to offer Contact’s customers more payment flexibility through Fawry’s digital payment solutions.
In addition to BNPL, the partnership includes services such as e-payment gateway integration and bill payment aggregation.
This initiative aligns with Egypt’s efforts to advance digital transformation and financial inclusion by promoting electronic payments and reducing cash transactions.
Ghada Tayel, Head of Products & Business Development at Contact Financial Holding, said:
“Expanding our partnership with Fawry reflects our commitment to providing financial solutions that meet customer needs. Through Fawry’s extensive merchant network, we are enhancing accessibility to our financing options.”
Heba El Awady, Chief Business Officer – Acceptance at Fawry, added:
“We aim to strengthen collaborations with institutions that support financial inclusion and digital transformation. This partnership with Contact will help extend financial services to more sectors, offering customers greater flexibility in accessing products and services securely.”
Previously, Fawry partnered with Kuwait-based Ottu to integrate Fawry’s payment network with Ottu’s Online Payment Management System (OPMS), enhancing the country’s online payment infrastructure with more secure and flexible solutions for businesses.
Featured image credit: Contact
