Fawry, a leading electronic payment and digital financial services company in Egypt, has entered into a strategic cooperation with MoneyHash, an emerging payment and revenue operations platform focused on the Middle East and Africa. This partnership is set to redefine the landscape of electronic payments and banking technology in the region.
The collaboration integrates MoneyHash’s advanced payment orchestration technology with Fawry’s extensive experience in payment gateways, offering merchants a powerful combination to enhance their market strategies. This union is expected to curb fraudulent transactions, improve checkout experiences, and ultimately lead to higher conversion rates for merchants.
Mohamed Kamel, Head of Acceptance and Business Development at Fawry, commented on the partnership with enthusiasm. “Signing the joint protocol not only brings added value to the electronic payments market but also bolsters the banking technology sector,” Kamel stated. He highlighted the significant impact of the cooperation on accelerating digital transformation and achieving financial inclusion in Egypt by providing a suite of sophisticated digital services and payment solutions.
MoneyHash stands poised to simplify the complexity of creating and maintaining an optimized payment infrastructure. Designed with the unique payment landscape of the Middle East and Africa in mind, the partnership is expected to unlock substantial growth potential for businesses of varying scales, from startups to well-established enterprises. Moreover, it will empower customers to streamline and automate their payment processes, thereby elevating user experiences, minimizing payment failures, and enhancing risk management protocols.
Nader Abdel Razek, CEO of MoneyHash, shared his excitement about the collaboration. “We are thrilled to partner with the Fawry team to deliver top-tier payment experiences to merchants both in Egypt and on a global scale. Our inaugural featured integration comes with special rates, premium support, and joint technical innovation,” said Razek. He expressed confidence that this collaboration with Fawry, a market leader, underlines a shared dedication to modernizing payment infrastructures in burgeoning markets.
Together, Fawry and MoneyHash are poised to provide premium technical support delivered by experts in the field. Users can also look forward to exclusive discounts when opting for Fawry’s electronic payment channels through MoneyHash. The partnership is a testament to both companies’ commitment to driving forward the digital financial services industry and expanding financial inclusion in Egypt and beyond.
