Fawry has activated its partnership with Erada Finance, a microfinance and SME-focused company, to streamline the financing process in Egypt.
The collaboration allows beneficiaries to access their funds through Fawry’s nationwide branch network.
The partnership aims to facilitate financing for MSMEs by enabling real-time digital fund transfers.
This reduces cash-handling risks, eases congestion at traditional branches, and accelerates the financing cycle.
Hossam Ezz, Chief Commercial Officer at Fawry, said:
“We are committed to delivering seamless and secure solutions through Fawry’s diverse channels, strengthening our financial services portfolio and reinforcing Fawry’s role as a technology enabler across the financial sector.”
Amr Abou El Azm, Co-founder, CEO, and Vice Chairman of Erada Finance, added:
“By leveraging the geographic reach of Fawry’s branches, we can expand our services and reach a larger segment of customers, supporting Egypt’s financial inclusion strategy and enabling underserved populations to access the financing they need efficiently.”
Fawry Plus branches will serve as integrated financial service centres, offering collection and cash services.
The initiative supports MSMEs with a flexible and secure financing environment, contributing to Egypt’s broader digital economy and Vision 2030 goals of building an inclusive and sustainable financial system.
Featured image credit: Fawry
