MID Takseet taps Basata Pay to offer installment payment solutions

By Gloria Methri

MID Takseet, a provider of consumer finance solutions in Egypt, has signed a strategic partnership with digital solutions provider Basata Pay. This collaborative effort aims to facilitate installment payments and provide more flexible and efficient financial solutions.

Under this partnership, MID Taskseet customers can activate their accounts and pay their installment obligations through Basata Pay’s payment network, comprising 34 branches across 19 governorates and 160,000 points of sale.

This partnership will expedite the payment process and offer flexible financial services tailored to customers’ diverse requirements.

Mahmoud El Ghawas, CEO of MID Takseet, said on the collaboration, “We are very pleased with this strategic partnership with Basata Pay, which reflects our ongoing commitment to providing the highest levels of service to our customers. At MID Takseet, we are committed to integrating the latest technologies and payment solutions to enhance our customers’ capabilities. Through our partnership with Basata Pay, a FinTech specialist, we seek to provide flexible solutions that prioritise customer satisfaction.”

Mohamed Kord, Managing Director of Sales at Basata Pay, added, “We are excited about this endeavour that opens up new horizons for us to expand our customer base and provide flexible and integrated solutions that meet the growing needs of the market. We believe that this step will enable us to build deeper relationships with our existing customers and expand the scope of our services to include new segments of the market, which will contribute effectively to developing and enhancing our presence locally.”

MID Takseet enables the financing process through its mobile application and offers installment services for a range of products including electronics, educational services, and home furnishings. The company has allocated approximately 750 million Egyptian pounds to expand the provision of installment services.

The company is committed to providing tailored financing solutions for the retail and consumer goods sector. Its focus is on efficiency, speed, and security to ensure a distinctive and luxurious customer experience.