Banque Misr signs a cooperation protocol with Opay

By Edlyn Cardoza

Banque Misr and OPay sign a cooperation protocol in the presence of a group of leaders from both sides. The marketing protocol aims at launching a joint initiative to provide SME clients of both entities with financial solutions and products through Banque Misr while providing non-financial services and solutions through Opay.

The initiative will be an attractive offer that includes solutions and products that fulfill the needs of this category. Banque Misr will offer funding options for Opay SMEs customers according to the bank’s terms and policies through this protocol. Accordingly, Opay will provide the application link for Banque Misr financing products for SMEs and the E-Express loan on the company’s online platform.

Opay is one of the leading companies in electronic payment services, software design, database, and information systems creation. The company is working towards developing and expanding the scope of its financial and digital services among companies by directly linking merchants and SMEs with suppliers through their platform, offering an inclusive service, and providing an electronic payment mechanism.

Opay successfully launched its services in the Egyptian market in a short time and managed to gain the trust of thousands of merchants in all the Egyptian governorates, who are now within the company’s digital payments network. In addition to many partnerships, the most important is the strategic partnership with Banque Misr to support the Egyptian market with digital solutions. Banque Misr is paying a lot of attention to the customers of SMEs. This comes in conjunction with the Central Bank of Egypt’s directions and the state’s efforts to support and develop this sector to improve the economic indicators, increase the economic development rates, support local products, and reduce the import bill.

Signing this protocol comes within the framework of Banque Misr’s strategy to support and develop SMEs considering the bank’s experience in this field and its role as one of the leading institutions in financing SMEs. Banque Misr is keen to provide various credit products tailored to fulfill the needs of projects of all sizes. The bank also signs many initiatives and protocols to expand financing for these projects and provide technical, financial, and other advisory services.