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Contact & Damen partner to enhance digital payment solutions

By Delisha Fernandes

May 13, 2024

  • B2B Payments
  • Contact Pay
  • Damen
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Damen, CashCall, AUR Fintech, Madad, Open Finance Platform, Micro-Merchants, MSMEs, Egyptian Financial Inclusion National Strategy, Digital Financial Solutions, Financial Services, e-payments, Egypt

Contact Pay, an electronic payment provider and a subsidiary of Contact Financial Holding has partnered with Damen, an Egyptian FinTech startup.

This collaboration aims to strengthen their offerings, providing comprehensive digital payment solutions that simplify the customer experience.

Eng. Ahmed Abdel Hakim, Managing Director of Contact Pay, said, ” Partnering with Damen is a major step forward. We’re confident this collaboration will significantly enhance our payment services, simplifying collections and offering more diverse payment options for our customers. We believe this strengthens Contact Pay’s position as a leader in innovative payment solutions.”

This partnership aims to combine the extensive expertise of both companies to provide a comprehensive digital payment ecosystem that meets the diverse needs of customers and significantly simplifies their experience.

Sameh ElMallah, CEO of Damen, stated, ” We’re thrilled to partner with Contact, the leading player in Egypt’s electronic payment landscape. This collaboration allows us to leverage Contact’s experience to expand our services and reach a wider customer base. We’re confident this partnership will propel financial technology advancements in Egypt and contribute to financial inclusion.”

By combining expertise, the partnership will create a robust digital payment ecosystem that caters to diverse customer needs. Damen will act as Contact’s on-the-ground collection arm, expanding its geographic reach and customer base across Egypt. Contact Pay benefits from Damen’s extensive network of over 100,000 points of sale and payment kiosks, significantly enhancing their collection channels.

Said Zater, CEO of Contact Financial Holding, said, ” This strategic partnership with Damen is a crucial step towards achieving our vision of elevating Egypt’s electronic payment experience and offering innovative solutions. We’re confident our cooperation with Damen will solidify our leadership in non-banking financial services and benefit the entire Egyptian market by strengthening the fintech scene.”

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