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- Hossam Ezz: we are expanding more on the digital channels, myfawry - being the number 1 fin-tech app in the middle east.
FawryPay makes it easier for customers to use Uberpay
Fawry and Uber have expanded their partnership to introduce E-payments through the myfawry app, in addition to 230,000 locations across the country, to make it easier for Uber users to recharge their Uber cash wallets with any amount to their account from any of Fawry’s different channels
This cooperation between Fawry and Uber led to the easiness of using “FawryPay,” the first and only payment gateway in Egypt that allows customers to recharge their Uber wallets through Fawry’s various locations that include retailers , FawryPlus stores, myfawry App and through Meeza cards. FawryPay is currently available on most of the banking wallets, like NBE and Bank Misr. As well as operator wallets that include Orange, Vodafone, and Etisalat.
myfawry is also the top and most powerful fintech app in the region according to recent listing by Forbes Middle East. As of June 2021, myfawry has been downloaded more than 3.5 million times with $105 million of annualized throughput.
What makes Fawry the ideal payment partner for Uber?
More than just the leading electronic payments and fintech company in Egypt, Fawry also has the largest reach for its services and serves all factions of the society. Serving more than 29.3 million customers per month, Fawry has amassed a network of more than 230,000 retailers and banks that completes more than 3 million daily transactions done through Fawry’s retail network, FawryPlus locations and the myFawry portal and mobile app.
Why Fawry proved to be a good payment option for Uber customers
This agreement between Fawry and Uber facilitates payments for riders and limits cash transactions, making it in line with the initiatives of the Egyptian government and the Central Bank of Egypt to prioritise financial inclusion and digital transformation. This directive also helped in serving the strategies for the Egyptian government’s 2030 vision to enhance the gate of ‘digital Egypt’ and connect it with various e-payment solutions.
Both companies aim to support riders using the Uber app by changing their habits by choosing a smart, safe, and widely accepted payment options in the form of electronic payments as an alternative to cash transactions.
Customers can utilize myfawry app to top up their Uber cash wallets through FawryPay as the payment gateway. Fawry is already the preferred electronic payment for more than 29.3 million customers in Egypt, accessible across the country and myfawry app on every device.
Fawry: The Ideal Payment Partner
Hossam Ezz, the Chief Commercial Officer of Fawry explains that Fawry has a wide network that spans across the whole country. In addition to that, Fawry has a series of successful partnerships with leading companies in most fields that helped in expanding its e-payments customer base and offer an easy experience to customers. This in turn will help customers save time and effort while executing their financial transactions through any of Fawry’s channels, making it the perfect partner for Uber.
Hossam Ezz added that Fawry owns more than 230,000 locations across the country, giving the e-payment platform the biggest share of the electronic payments in Egypt.
A Smoother Trip Experience
Ahmed Khalil, General Manager of Uber Egypt, commented: “We are happy to expand our longstanding partnership with Fawry, which comes as an accelerated stride toward the digital economy, complementing Egypt’s 2030 vision. This partnership offers riders and drivers a fully digitized payment experience, thus further enabling financial inclusion on the Uber platform. We’re committed to look out for opportunities to capitalize our technology along with the expertise of leading industry stakeholders to elevate the transportation experience.”
Recharge and Ride Wherever You May Be
The collaboration will offer an easy way for Uber customers to recharge their wallets through Fawry locations across the country, explains Eslam Gaber, Head of Business Development at Fawry.
“The partnership allowed us to gain access to a bigger customer base to individuals who do not have bank accounts offering them a digital wallet that can be recharged at any of Fawry channels,” he said. “This is a chance to add more services to our list of current offerings in the Egyptian market, especially that Uber has one of the largest ride-hailing services in the world which has a wide customer base in Egypt,” he concluded.
About Fawry:
Founded in 2008, Fawry is the largest e-payment platform in Egypt serving the banked and unbanked population. Fawry’s primary services include enabling electronic bill payments, mobile top-ups and provisions for millions of Egyptian users. Other digital services also include e-ticketing, cable TV, and variety of other services. Through its peer- to-peer model, Fawry is enabling corporates and SMEs to accept electronic payments through a number of platforms including websites, mobile phones, and POSs. With a network of 38 member banks, its mobile platform and more than 239,900 agents, Fawry processes an average of 3 million transactions per day, serving an estimated customer base of 29.3 million users monthly. Learn more at www.fawry.com
About Uber:
Uber’s mission is to bring reliable transportation to everywhere, for everyone. We started in 2010 to solve a simple problem: how do you get a ride at the touch of a button? Seven years and more than two billion trips later, we have started tackling an even greater challenge: reducing congestion and pollution in our cities by getting more people into fewer cars.In the Middle East, Uber is already in Amman, Bahrain, Beirut, Dammam, Dubai, Doha, Istanbul, Jeddah, Karachi, Lahore, Madinah, Makkah, Manama, Riyadh, and in 11 cities in Egypt: Greater Cairo, Alexandria, Mansoura, Tanta, Damanhur, Zagazig, Hurghada, Damietta, Ismailia, Port Said, and El Suez, in addition to the Eastern Province with plans for expansion across the region. For more information, please visithttps://www.uber.com/cities/
© Press Release 2021
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