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Network International & Souhoola to expand BNPL service in Egypt

By Delisha Fernandes

April 05, 2024

  • BNPL option
  • Digital Payments
  • Financial Inclusion
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Network InternationalNetwork International, an enabler of digital commerce across the Middle East and Africa (MEA) region, has entered into a strategic partnership with FinTech solutions provider, Souhoola, to enable merchants with the capability to offer ‘Buy-Now-Pay-Later’ (BNPL) payments at its networkpay point of sale terminals in Egypt.

Ahmed Samir, Regional Managing Director for Merchant Services – Egypt, Network International said, “By partnering with Souhoola, we’re not just facilitating seamless digital payments, we are also accelerating financial inclusion. This partnership aims to empower merchants and consumers alike and stimulate a more accessible and convenient payment ecosystem in Egypt.”

This collaboration aims to enhance access to finance for both banked and unbanked consumers in Egypt. Network International launched networkpay, it’s direct-to-merchant service in Egypt last year to offer various channels of acceptance including face to face payments, digital payments and online payments, serving 2,500 merchants in the region so far, while Souhoola has over 130,000 users and a network of more than 1,600 merchant partners.

Using Souhoola’s BNPL option on networkpay POS devices, customers can conveniently split their payments into highly flexible instalments of up to 60 months to purchase electronics, furniture, automobiles, and even pay school fees.

Ahmed El- Shanawany, Managing Director, Souhoola, said, “Together, we are committed to driving innovation in payment solutions and enhancing financial accessibility for consumers.”

Souhoola provides seamless, technology-driven financial solutions to the Egyptian community. With an extensive merchant network comprising over 1600 partners, it offers customers a wide range of choices and options.

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