Fawry, Nasser Social Bank sign agreement for pension disbursement

To ease the process of disbursement of pension, salaries and expenses from Fawry’s outlets

  
The headquarters of Fawry Company "Online Payment Portal" are pictured in Cairo, Egypt February 15, 2018.

The headquarters of Fawry Company "Online Payment Portal" are pictured in Cairo, Egypt February 15, 2018.

REUTERS/Ehab Farouk

ArabFinance:Fawry for Banking and Payment Technology Services (FWRY) signed an agreement with Nasser Social Bank in order to ease the process of disbursement of pension, salaries and expenses from Fawry’s outlets, according to the company statement released on July 18th.

In June, Fawry is in the final stage of talks about two acquisition deals in food industries and eCommerce sectors, the company’s CEO Ashraf Sabry said.

The fintech company posted a consolidated net profit before minority interest of EGP 76.146 million in quarter one of 2021.

Fawry is an Egypt-based company that provides an electronic payment network. The company allows users to pay bills in multiple channels, such as online, using automated teller machines, mobile wallets, and retail points.

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