To improve digital payment services and increase the capabilities of the Orange Cash wallet, Orange Egypt and Fawry, Egypt’s top supplier of e-payments and digital finance solutions, have entered a collaboration agreement.
The partnership reinforces Orange Cash’s position as Egypt’s top digital payment provider by offering consumers a complete money management solution that fully satisfies their demands on a platform that is dependable, secure, and compatible to all applicable laws and regulations.Money transfer, electricity, water, and gas bills, insurance premiums, union payments, clubs, schools, and universities, donations, ticket purchases, traffic fines, online purchases, real estate installments, bank loan settlement and merchant payments are just a few of the many services offered by Orange Cash.
Fawry is always seeking to establish strong strategic partnerships with significant businesses and organisations that offer e-payment services through their smart wallets. In order to support the initiatives of the Central Bank of Egypt and stay up with the digital transformation to reach a cashless society, As Fawry owns the most sophisticated systems for developing and administering e-wallets as well as the most cutting-edge and secure fintech technologies.
Read also Here’s How Egypt’s Leading Fintech Fawry And Video-on-Demand Platform Shahid Will Work Together
Through the expansion of current services and the introduction of new ones while maintaining compliance with all rules and regulations established by the Central Bank of Egypt, this cooperation strengthens Orange Cash’s position as a provider of customer care.
On this occasion, Yasser Shaker, CEO at Orange Egypt said: “Today’s partnership with Fawry reaffirms the company’s strategy and commitment to accelerate financial inclusion and help turn the economy into a cashless one while ensuring that all payment needs of Egyptians are met through a comprehensive platform in cooperation with prominent local partner in this sector. Following our recent partnership with the National Bank of Egypt, this new partnership with Fawry combined with Orange’s worldwide expertise in mobile money and digital banking makes Orange Cash the strongest mobile wallet solution of Egypt with the strongest partners of the sector.”
He added: “Orange Cash provides now its customers with unprecedented digital payment capabilities in the field of e-wallets in Egypt, in a way that allows its customers to benefit from the latest global trends in this sector in a faster, safer, and more efficient way”.
Read also Egyptian Fintech MNT-Halan Raises $400M In New Funding Round, Becomes Africa’s Latest Unicorn
Eng. Ashraf Sabry, CEO of Fawry, stated: “In response to the state’s tendency to increasingly rely on e-payment solutions in financial transactions, which has become absolutely necessary in recent years to keep up with digital transformation, Fawry has made significant investments, allowing it to serve as the strategic partner for digital transformation services as well as the development and management of mobile wallet platforms. We are pleased that all of the services and solutions offered by Fawry were created by Egyptians”.
“In order to give customers a unique, secure, and efficient experience, our partnership with Orange will greatly accelerate the development of e-payment solutions in Egypt through the widespread use of digital solutions”, he added.
By leveraging a range of electronic payment channels and techniques for all transactions and daily activities, Fawry is committed to developing an e-payment culture throughout Egyptian society, according to Sabry. This was consistent with Egypt’s Vision 2030, which aims to develop the financial industry, support and enhance digital operations, and attract new client groups to promote 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