Customer Management

Fintechs partner to address Egyptian payment needs 

Fintechs unite to address Egyptian payment needs 

Mogo, an Egyptian provider of consumer finance solutions, has announced the signing of a strategic cooperation agreement with Geidea, a Saudi-headquartered premier electronic payments company, to address the Egyptian payment market.

The partnership aims to integrate advanced point-of-sale (POS) devices and financial services from both companies, paving the way for what the partners describe as a more seamless and secure payment experience for customers in Egypt.

The partnership, say the two companies, facilitates an integrated payment ecosystem, allowing merchants to provide a frictionless end-user experience. This is achieved by combining Geidea’s smart POS capabilities with Mogo’s financing, instalment and fintech solutions.

Also, according to Mogo and Gidea, this initiative supports the digital transformation of small and medium enterprises (SMEs) and promotes financial inclusion in line with national directives.

Mr Ahmed Magdy, Chief Commercial Officer of Geidea, says: "This collaboration helps open new horizons and shape the future of the consumer finance sector through flexible and innovative solutions that meet the ever-changing needs of users. This partnership empowers both merchants and consumers to benefit from innovative financing services that enhance financial flexibility and support the region's digital transformation journey."

This collaboration also aligns with Mogo’s strategy in consumer finance. By expanding its digital service offerings and enhancing flexibility, Mogo aims to attract a broader customer base and strengthen ties with regional and international fintech leaders, ultimately helping consumers achieve their daily financial goals.



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