Fawry, a fintech company in Egypt, has announced a strategic partnership with FORSA, a subsidiary of Drive Finance under GB Capital, the financial division of GB Corp.

This development aligns with Egypt’s Vision 2030, which aims to build an integrated and sustainable digital economy, and forms part of Fawry’s approach to advancing digital transformation and financial inclusion within the fintech sector.

The partnership seeks to provide Buy Now, Pay Later (BNPL) options alongside instalment services through Fawry’s network of over 395,000 point-of-sale (POS) terminals across Egypt.

It will also support merchants by allowing them to utilise FORSA’s services to streamline operations and potentially expand their customer reach via Fawry’s extensive network.

Bassem Lotfy, Head of Business Development at Fawry, commented:

“At Fawry, we are keen to expand our operations by collaborating with many flexible financial entities like FORSA, which reflects our commitment to providing diverse and secure digital solutions that support both merchants and customers. These partnerships create added value for Fawry network and contribute to our main goal of enhancing the end-user experience.”

Gasser Darwish, Chief Commercial Officer at FORSA, added:

“Our partnership with Fawry will play a pivotal role in reaching a larger segment of merchants and customers. We recognise the necessity and importance of integrating financing services at the point of sale (POS), and we are committed to continuing these efforts in the coming period to simplify the purchase experience for customers.”

This partnership is part of Fawry’s broader strategy to deepen collaboration with key financial institutions in Egypt.

The cooperation is expected to extend to e-payment solutions and additional financing services, thereby supporting the integration of Fawry’s digital financial offerings and promoting financial inclusion in the country.

Featured image credit: Fawry