Fawry and Souhoola team to enhance electronic payment solutions

By Delisha Fernandes

Fawry, a payment and FinTech company in Egypt, has signed a partnership  with BM Consumer Finance Souhoola, a financial solutions provider.

This collaboration aims to enhance electronic payment services, provide Souhoola’s clients with a distinct set of the latest digital technologies in financial transactions, and provide various payment methods for merchants.

Heba El-Awady, Chief business officer at ‘Fawry’, said, “We are proud to cooperate with BM Consumer Financing ‘Souhoola’, a pioneer in consumer financing. The cooperation is a practical implementation of Fawry’s strategy to reach new segments and target the largest number of beneficiaries in many sectors to benefit from its services and various digital payment methods.”

This partnership enables BM Consumer Finance Souhoola customers to use Fawry Accept systems, provided by Fawry to meet the needs of customers, and ensure speedy payment of their various purchases through Fawry merchant’s network through POS devices available in the traditional stores, as well as the electronic payment gateway for online stores.

Ahmed El- Shanawany, Managing Director of BM Consumer Finance Souhoola, said, “The collaboration with Fawry, one of the leading companies in the field of electronic payments in Egypt, is an important step in our endeavour to provide easy and diversified payment options to our customers, as Fawry is one of the largest companies in all governorates. We are happy with this step and excited to work together to meet our customer’s needs and provide a unique experience that includes easy financing systems and fast and advanced payment methods.”

This collaboration comes within the framework of Fawry’s support for financial inclusion, expansion of the digital transformation process, and promotion of cashless payment methods. It also aims to provide the Egyptian consumer finance sector with the latest innovative financial technology solutions and various payment channels with easy procedures to facilitate customers’ lifestyles and meet all their needs.