Fawry for Banking Technology and Electronic Payment (FWRY) is planning to resume expansions in African markets after its investment in Sudan. The company is considering investments in many African countries including – but not limited to- Nigeria and Southern countries. Fawry’s expansion plans will be aimed at increasing its business volume and attract new customers to its platform. It is worth mentioning that Fawry signed an agreement with Sudanese payments platform (Cashi) to offer Cashi’s services through Fawry’s point-of-sale (POS) systems.
Fawry is the Leading Egyptian Digital Transformation & E-Payments Platform, offering financial services to consumers and businesses through more than 225,000 locations and a variety of channels. Fawry offers a convenient and reliable way to pay bills and other services in multiple channels (online, using ATMs, mobile wallets, and retail points) Fawry’s network of retailers includes small groceries, pharmacies and stationaries, and post-offices, all equipped with point-of-sale machines – the same ones used for credit card payments. Based on its own-patented technology, that is fully compliant with international security standards of the ISA 27001 and PA DSS certifications, Fawry performs more than 3.069 million financial operations daily. Fawry services for businesses include collection services, customer acquisition, electronic cash, payment facilitation, and business-to-business collection centers.