Contact & Al Ahly Momkn team to enhance payment services in Egypt
By Delisha Fernandes
Contact, an electronic payment solution, has partnered with Al Ahly Momkn, a provider of e-payment solutions and financial services.
The partnership aims to facilitate payment operations for Contact’s customers in Egypt by providing the option to pay Contact instalments through Al Ahly Momkn’s multiple payment channels.
Ahmed Abdel Hakim, the Managing Director of Contact Pay, said, “We are excited about this strategic partnership with Al Ahly Momkn, which comes in line with our commitment to providing payment services with the highest standards of security and efficiency. This agreement opens up new horizons for customers to conduct their financial transactions smoothly and easily nationwide.”
This collaboration reflects a shared vision between the two companies to facilitate payment operations for customers through Al Ahly Momkn’s branches and points of sale located throughout Egypt, with more than 90,000 points of sale and over 5 million users. It is worth noting that Contact has a geographical presence in most Egyptian governorates, providing its services with comprehensive coverage and professionalism in both urban and rural areas.
This partnership represents a strategic integration between Contact Pay as a specialized company in payment solutions, and Al Ahly Momkn as a major provider of electronic payment solutions and points of sale across Egypt, particularly in rural areas, enhancing the ease and speed of access for customers to Contact’s services through Al Ahly Momkn’s extensive coverage.
Mohab Gamal, Deputy CEO of Al Ahly Momkn, stated, “This partnership reflects our dedication to providing seamless and innovative payment experiences. We are confident that this step will enhance our customers’ ability to access Contact’s services more easily and quickly through our branches and POSs spread across the country.”
IBSi Daily News Analysis
IBSi FinTech Journal
- Most trusted FinTech journal since 1991
- Digital monthly issue
- 60+ pages of research, analysis, interviews, opinions, and rankings
- Global coverage