back Back

Contact & Al Ahly Momkn team to enhance payment services in Egypt

By Delisha Fernandes

February 13, 2024

  • Account Payments
  • Contact Pay
  • Electronic Payment
Share

Contact, Al Ahly Momkn

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.”

Previous Article

February 13, 2024

Mahindra Finance & IBM launch Super App to drive financial inclusion

Read More
Next Article

February 13, 2024

Tonik & Xendit join hands to extend payment solutions

Read More








IBSi Daily News Analysis

digital wallets

March 01, 2024

Account Payments

Banking Sector and regulatory framework: addressing India’s growing demand for secure lockers

Read More

IBSi FinTech Journal

  • Most trusted FinTech journal since 1991
  • Digital monthly issue
  • 60+ pages of research, analysis, interviews, opinions, and rankings
  • Global coverage
Subscribe Now

Other Related News

March 01, 2024

Hecto Financial eases cross-border transactions with new solution

Read More

March 01, 2024

Marqeta & AffiniPay team to launch SMB credit card solution

Read More

March 01, 2024

Viva.com activates Cartes Bancaires on Tap to Pay on iPhone in France

Read More

Related Reports

Sales League Table Report 2023
Know More
Global Digital Banking Vendor & Landscape Report Q4 2023
Know More
Wealth Management & Private Banking Systems Report Q4 2023
Know More
IBSi Spectrum Report: Supply Chain Finance Platforms Q4 2023
Know More
Treasury & Capital Markets Systems Report Q4 2023
Know More

IBSi Sales League Table

The industry acknowledged barometer of global banking technology vendor performance!
Get your copy now!
close-link
Get your copy now! IBSi Sales League Table 2023