4 FinTech platforms facilitating e-payment services in Egypt
By Delisha Fernandes
Fintech has been a driving force in revolutionizing the day-to-day payment system in Egypt. Gone are the days of fumbling for exact change or waiting in endless queues for bill payments. Egypt’s FinTech space is booming, with innovative platforms transforming the way individuals manage money.
As the country embraces the digital age, electronic payment services have become the cornerstone of financial inclusion, offering convenience, security, and efficiency. With their mobile money solutions, rural communities can finally access essential financial services, boosting economic participation and paving the way for a more prosperous future.
Here are 4 FinTech platforms facilitating e-payment services in Egypt:
BASATA is an e-payment gateway and the fruit of the merger between “Masary” and “Bee”. Backed by strategic shareholders and investors in the Egyptian market, including Vodafone Egypt, the spin-off entity BASATA is a convenient platform that aims to disrupt the e-payment and financial services sector and deliver integrated financial solutions.
Cashcall is a FinTech company that brings financial inclusion experience to the Egyptian local market, allowing them to enable electronic payments and receivables through flexible and various Omni channels. Cashcall is a linking service provider between billers and customers by providing them with highly secured and up-to-date financial solutions and technologies.
DAMEN was founded in 2018 to provide electronic payment solutions in the Egyptian market. DAMEN has a network of over 100,000 merchants scattered throughout the country, with offices and dedicated staff in all governorates servicing these merchants and their point-of-sale terminals.
Fawry is an Electronic Payment Network offering financial services to consumers and businesses through over 65 thousand locations and various channels. It provides a convenient and reliable way to pay bills and other services in multiple channels (online, ATMs, mobile wallets and retail points). The company’s network of retailers includes small groceries, pharmacies and stationaries, and post offices, all equipped with point-of-sale machines – the same ones used for credit card payments.
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