In order to improve e-payment services and integrate the digital payment solutions of Fawry and Classera Cpay, “Fawry,” the top fintech and financial services provider, and “Classera,” a pioneer in teaching and distant learning technology, entered into a strategic alliance.
According to this agreement, “Fawry” provides Classera customers with all technological solutions and integrated digital payment services via more than 300,000 “Fawry” POS machines, the “myfawry” app, and “FawryPlus” branches spread across all governorates. This partnership aims to make it easier for students to pay their tuition fees and automate payment systems to reduce the amount of cash that is exchanged for financial transactions.
In view of Egypt’s Vision 2030 and the Central Bank of Egypt’s initiatives, the collaboration emphasises the “Fawry” assistance for the financial inclusion and digital transformation paths.
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Mr. Hossam Ezz, ‘Fawry’ Chief Commercial Officer said: “At ‘Fawry’, we are always seeking partnerships with major leading institutions in various fields, and ‘Classera’ is one of these institutions. We will work together to integrate our services to enhance digital payments solutions in the field of educational technology. During this partnership, we will provide students with the latest integrated financial technology through our channels, to facilitate the payment of fees”. He also described this step as a great addition to ‘Fawry’, and the beginning of expansion in this sector.”
Eng. Mohammed Al-Madani, CEO of ‘Classera’ said: “As we just completed one of the largest funding rounds a company with no prior funding had done in the EdTech industry, we are taking the E-learning experience to new levels with our Learning Super Platform LSP; which builds on our state of the art learning management system with many other supporting tools including EduMalls, the education eCommerce portal, C Smarter ERP, CPay education online payment gateway and many others. Today we are delighted to expand our partnership with Fawry, a leader in digital transformation & cashless community, and electronic payments in Egypt to digitize the learning experience and expand electronic payment acceptance to provide the next generation of seamless e-learning solution.
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Mr. Ahmed Fahmy, Commercial Director at ‘Fawry’ said: “We are excited to cooperate with ‘Classera’ to enhance e-payment services in the field of educational technology, and to provide students and trainees with an easy and completely secure payment experience, through the integration of “Fawry” and “Classera CPay” solutions.”
He added: ‘Fawry’ looks forward to establishing more partnerships in different sectors, with the aim of expanding our customer base and partners in success, and on the other hand, supporting the country’s trends towards digital transformation and financial inclusion.”
Charles Rapulu Udoh
Charles Rapulu Udoh is a Lagos-based lawyer, who has several years of experience working in Africa’s burgeoning tech startup industry. He has closed multi-million dollar deals bordering on venture capital, private equity, intellectual property (trademark, patent or design, etc.), mergers and acquisitions, in countries such as in the Delaware, New York, UK, Singapore, British Virgin Islands, South Africa, Nigeria etc. He’s also a corporate governance and cross-border data privacy and tax expert.
As an award-winning writer and researcher, he is passionate about telling the African startup story, and is one of the continent’s pioneers in this regard.