FABMISR & Drive Finance team to enhance payment solutions in Egypt

By Delisha Fernandes

First Abu Dhabi Bank Misr (FABMISR), one of the largest banks operating in Egypt, has partnered with Drive Finance, a consumer finance firm.

This collaboration marks the integration of Drive Finance with ‘Access by FABMISR’, aiming to revolutionise payment collections for Drive Finance and expand FABMISR’s footprint in the Egyptian market.

“‘Access by FABMISR,’ our cutting-edge payment gateway, has been meticulously crafted to empower businesses and social e-commerce merchants on their path to sustainable growth,” said Shmais Fakhry, Head of Innovation, Service and Acquiring Business at FABMISR. “The live integration of Drive Finance Company with ‘Access by FABMISR’ signifies the advent of a transformative era in payment solutions. This strategic partnership not only addresses the needs of the E-commerce acquiring market but also fortifies both entities’ competitive advantages in providing state-of-the-art services and payment solutions.”

The partnership between FABMISR and Drive Finance lays the foundation for a pioneering payment collection solution, meticulously designed to cater to Finance Drive customers’ monthly instalments. This collaboration offers an array of payment solutions, including a user-friendly payment gateway for the website and mobile application, alongside payment links optimized for social media platforms.

“At Drive Finance, we are thrilled about the boundless opportunities this partnership offers, and together with FABMISR, we aspire to redefine payment solutions for consumers in the Egyptian market. Serving a loyal client base that reaches 150,000 customers since 2012. This collaboration promises to simplify payment transactions, effortlessly collecting monthly instalments from our customers, and ensuring a seamless and hassle-free payment experience,” said Ahmed Ossama, the Managing Director at Drive Finance.

In this collaboration, FABMISR foresees substantial market positioning and expected returns. Simultaneously, Drive Finance Company gains a powerful digital channel for collecting monthly instalments from its customers, greatly augmenting its service offerings.