Fawry, One of the Egyptโs leading fintech company, announced a new strategic partnership with FORSA, a subsidiary of Drive Finance, one of the companies under GB Capitalโthe financial arm of GB Corp. This step aligns with Egyptโs Vision 2030 for building an integrated and sustainable digital economy, reflecting Fawryโs strategy to enhance digital transformation and support financial inclusion in the fintech sector.
The partnership aims to offer seamless, secure, and more convenient services that meet the needs of various customers segments by providing Buy Now, Pay Later (BNPL) options, in addition to installment services via Fawryโs 395,000+ point-of-sale (POS) machines across the country. This collaboration will also support merchants by enabling them to benefit from FORSAโs services, streamlining their daily operations, and expanding their customer base through Fawryโs extensive network.
Commenting on the partnership,ย Bassem Lotfy, Head of Business Development at Fawry, said: “At Fawry, we are keen to expand our operations by collaborating with many flexible financial entities like FORSA, which reflects our commitment to providing diverse and secure digital solutions that support both merchants and customers. These partnerships create added value for Fawry network and contribute to our main goal of enhancing the end-user experience.”
For his part,ย Gasser Darwish, Chief Commercial Officerย at FORSA, stated: “At FORSA, we aim to expand the reach of instalment and BNPL services in the Egyptian market, to offer more flexible options to customers. Our partnership with Fawry will play a pivotal role in reaching a larger segment of merchants and customers. We recognize the necessity and importance of integrating financing services at the point of sale (POS), and we are committed to continuing these efforts in the coming period to simplify the purchase experience for customers.”
It is worth noting that this partnership is part of Fawryโs strategy to expand its collaboration with major financial institutions in the Egyptian market. The partnership between the two companies will extend to include e-payment solutions and other financing services, enhancing the integration of Fawryโs digital financial offerings and advancing financial inclusion in Egypt.
