By Hamed Mahmoud
Banque Misr has signed an MOU with MoneyFellows, which will contribute to the expansion of MoneyFellows, providing more FinTech Services, easing digital payments, and increasing the trust between the users & the application. As an organic result of this new partnership, Banque Misr will be providing MoneyFellows with payment services to develop together new disbursement, collection tools that suit the needs of online money circles’ users.
Both parties, according to the signed MOU, will cooperate in exploring and finalizing a framework and a roadmap to digitally serve MoneyFellows’ customers and provide them with digital solutions to grant more convenience and ease, not only in the payment options, but also in the set of digital financial services that will result from such cooperation that include a package of payment and collection products. In the field of payments, Banque Misr provides electronic payments service Which enables the company’s customers to pay the amount due electronically with bank cards or mobile wallets via the QR Code.
In that context, “Ahmed Wadi”, the Founder & CEO of MoneyFellows said: “It is a great milestone in the path of MoneyFellows to cooperate with the preeminent giant of the banking sector in Egypt “Banque Misr”. Our cooperation will certainly enhance the offered services as well as enrich our offered value proposition, and unlock the horizon of providing our customers with new services”.