Fawry partners with MoneyHash

By combining MoneyHash’s payment orchestration capabilities with Fawry’s knowledge of payment gateways, merchants can accelerate their go-to-market strategies, reduce losses from fraudulent transactions, and improve their checkout experience for higher conversion rates. With solutions customised to the specific payment landscape of the region, customers can also streamline and automate their payment procedures, while improving user experiences, reducing payment failures, and managing risk effectively.

Together, the two companies will provide technical support services, as well as discounts for customers utilising Fawry electronic payment channels through MoneyHash. According to Fawry’s officials, the partnership plans to add value to the electronic payments market and the field of banking technology. Moreover, the cooperation helps accelerate the digital transformation and achieve financial inclusion in the Egyptian market by providing a suite of digital services and payment solutions.

Representatives from MoneyHash confirmed that this is one of the company’s first integrations offering special rates, support, and coordinated technical solutions. The collaboration also supports Fawry and MoneyHash’s commitment to enhance the payment infrastructure in emerging markets. 

Operating in the Middle East and Africa, MoneyHash provides flexible payments and revenue operations platform that aims to cover the payment needs of its customers. The company’s objective is to enable businesses in emerging markets by reducing the complexity and effort of developing and maintaining payment infrastructure, flows, and operations. MoneyHash’s platform supports businesses with the tools and microservices to connect with payment service providers, build payment features, create and manage transaction routing and recovery rules, and centralise reporting with no code operations.

Currently, the company is backed by regional and global investors, including Kepple Africa Venture, Ventures Platform, COTU Ventures, The Continent Venture Partners, VentureFriends, and Nuwa Capital, among others. 

As an e-payment platform, Fawry caters to both the banked and unbanked population, facilitating electronic bill payments, mobile top-ups, and several other digital services, including e-ticketing and cable TV. The company allows corporates and SMEs to accept electronic payments via multiple platforms such as websites, mobile phones, and POS terminals. Currently, Fawry has a network of 36 member banks, over 310,000 agents, and a mobile platform, processing an average of 4 million transactions daily, while serving an estimated customer base of 50 million users quarterly. 

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