Fawry enables instant microfinance payments through a nationwide network

Fawry, Egypt's leading fintech company, has announced an official partnership with Erada Finance, a company specializing in microfinance and SMEs, in a strategic move to transform the way finance is delivered in Egypt. This initiative enables beneficiaries to obtain financing through Fawry's nationwide branch network, in line with the government's direction and Egypt's Vision 2030, which aims to accelerate digital transformation and achieve financial inclusion.

This partnership marks a new milestone in supporting micro, small, and medium-sized enterprises, enabling Erada Finance Microfinance beneficiaries to access their funds immediately and securely. The mechanism operates on the basis of real-time digital integration, reducing the risks associated with cash handling, reducing congestion in traditional branches, and accelerating the financing cycle for micro, small, and medium-sized enterprises.

"Our collaboration with Erada Finance reflects the strategic importance we attach to supporting the financing of micro, small, and medium-sized enterprises (MSMEs) as a key pillar of the national economy. We are committed to providing seamless and secure solutions through Fawry's diverse channels, strengthening our financial services portfolio and reinforcing Fawry's position as a leading technology provider that provides the infrastructure necessary to drive digital transformation and innovation across the financial sector." – Hossam Ezz, Commercial Director, Fawry "Our partnership with Fawry reflects our commitment to improving customer service and providing faster access to finance. By leveraging Fawry’s geographic reach, we have been able to expand our services and reach a larger customer base, supporting Egypt’s financial inclusion strategy and enabling underserved populations to access the financing they need to realize their projects efficiently and conveniently.” – Amr Abou El Azm, Co-founder, CEO, and Vice President of Erada Finance

"Our collaboration with Erada Finance reflects the strategic importance we attach to supporting the financing of micro, small, and medium-sized enterprises (MSMEs) as a key pillar of the national economy. We are committed to providing liquid and secure solutions through Fawry's diverse channels, strengthening our financial services portfolio and reinforcing Fawry's position as a leading technology provider that provides the infrastructure necessary to drive digital transformation and innovation across the financial sector."

– Hossam Ezz, Commercial Director, Fawry

"Our collaboration with Fawry reflects our commitment to improving customer service and providing faster access to financing. By leveraging Fawry's geographic reach, we have been able to expand our services and reach a larger customer base, supporting Egypt's financial inclusion strategy and enabling underserved populations to efficiently and conveniently access the financing they need to realize their projects."

– Amr Abou El Azm, Co-founder, CEO, and Vice President of Erada Finance

This step is a continuation of Fawry and Erad Finance's role in enabling the growth of the digital economy, with Fawry Plus branches serving as integrated financial service centers offering debt collection and cash handling solutions. This initiative supports small and medium-sized enterprises by providing a flexible and secure financial environment, in line with Egypt's digital transformation program and Vision 2030, which aims to build an inclusive and sustainable digital economy.