Contact Finance, a member of the Contact Financial Group Holding Company, signed a cooperation protocol with Fawry to diversify the digital payment options available to Egyptian citizens and facilitate their reliance on digital payments through the Fawry mobile application, the Contact mobile application, or various payment channels.
The agreement comes within the framework of supporting the government’s efforts to simplify financial services and limit traditional banknotes transactions.
The two companies agreed to provide Contact Finance customers with a suitable option to pay installments and buy products financed by Contact, such as cars and real estate financing, in addition to shopping through Fawry comprehensive digital solutions that have more than 194 thousand digital payment channels all over Egypt.
“Zaatar” is expected to increase the demand for Contact services after the availability of installments through Fawry
Said Zaatar, CEO of Contact Financial Holding, said: “The agreement marks a turning point in the company’s path; Pointing out that it strengthens his company’s resources in providing distinguished digital financial services to Egyptian citizens of all income groups, in line with national policies that promote digital transformation and financial inclusion.
Zaatar added that Connectic’s consumer finance services are available through 24 branches covering all parts of the Republic, in addition to services through a network of points of sale that covers more than 1500 service centers in car showrooms, real estate development companies, consumer goods dealers and sports clubs. Contact services after providing the installment service through Fawry.
Fahmy: The new partnership provides customers with complete flexibility to pay one or two installments in one go
Ahmed Fahmy, Senior Manager of Financial Sector Relations at Fawry, confirmed that the new partnership provides full flexibility to customers in paying one or two installments in one payment through a completely secure system with Fawry outlets.
In addition, the installments would stimulate the demand for financing and expand the customer base, as well as stimulate a greater number of consumers to buy, whether for cars, real estate, purchases or other things through the services provided by “Contact”.
Hosam Ezz, CEO of the commercial sector at Fawry, said that the new agreement with Contact is part of the strong partnerships that aim to save time and effort on customers, so that each customer is able to choose the financing service he wants to obtain and pay installments from his nearest outlet or Through Fawry app to reduce friction and simplify payment for various financial services.
The article “Contact” signed a protocol with “Fawry” to facilitate payment of installments to its customers. It was written in Al-Borsa newspaper.