Orange Egypt has inked a partnership agreement with Fawry, an Egyptian provider of e-payments and digital finance solutions, to enhance digital payment services and expand the features of Orange Cash wallet.
The collaboration seeks to fortify Orange Cash’s position as Egypt’s leading digital payment service.
Online purchases and merchant payments are some of the key services offered by Orange Cash.
CEO at Orange Egypt, Yasser Shaker, 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 a 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 in Egypt with the strongest partners in the sector.
“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”.
Fawry, which owns a developed system for creating and managing e-wallets, aspires to keep up with the digital transformation to achieve a cashless society by fostering strategic alliances.
CEO of Fawry, Ashraf Sabry, said: “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 the 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.”
This move also aligns with Egypt’s Vision 2030, which strives to expand the financial sector, support and improve digital operations and draw in new customer demographics in order to promote financial inclusion.
