ElGameya company for Financial Technology – a platform for providing periodic savings and lending services – has entered into partnership with the “Al-Ahly Momken” company for e-payment solutions in order to promote the idea of the electronic financial assembly and provide value-added services to merchants.
Signed the agreement were Samir Abu Hashem, the managing director and CEO of Al-Ahly Momken Company, and Ahmed Abdeen, the founder and CEO of the ElGameya
For his part, CEO Abu Hashem asserted that the co-operation with the ElGameya represents a breakthrough in the use of financial technology to reach millions of Egyptians, as currently more than 40,000 merchants can use the Al-Ahly Momken system to join different associations and use the return for increasing their activities.
Abu Hashem explained in press statements that Al-Ahly Momken seeks, through the ElGameya, to reach millions of customers, pay premiums, and obtain roles, as part of efforts to support the government’s plans towards digital inclusion and Egypt’s Vision 2030.
Ahmed Abdeen, founder of the ElGameya Company, said that co-operation with Al-Ahly Momken represents a new step towards the vertical expansion of the company under the umbrella of financial inclusion, explaining that most merchants already rely on traditional financial assembly.
“Through the partnership, we also aim to involve merchants in our association departments, as they are most conscious with the behavior of their customers and their financial solvencies, a matter that helps facilitate the credit inquiry process on our part,” Abdeen said.
The application is not only facilitating e-payments, but is also enjoying an integrated marketplace that enables users to access discounted products as an alternative to the cash.
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