Egypt’s leading e- payments solutions, Fawry announced plans to establish a consumer finance company, Fawry Consumer Finance with an aim to offer more options to consumers at the check out. The move also comes in line with the government vision & FRA strategy to support financial inclusion & digital transformation.
The company will offer its customers convenient access to credit through multiple products including Buy Now Pay Later “BNPL”.
Commenting on the new move, AbdelMeguid Afifi, CFO of Fawry, said, “We know consumers are looking for frictionless experiences at check out and flexibility in payment offerings. In the last couple of years we’ve seen huge growth of buy-now-pay- later transactions. We also believe that providing value added services at checkout for the merchant will be key to growing our acceptance business and deepen the utilization of our POS network.”
