Contect Finance Company (subject to the Financial Supervisory Authority), one of the Contect Financial Holding Group companies, signed a cooperation protocol with "Fawry", in order to diversify the digital payment options available to Egyptian citizens and facilitate their dependence on digital payments through an immediate mobile phone application and the Contect mobile applicationOr different payment channels.The agreement comes within the framework of supporting the government's efforts to simplify financial services and reduce traditional banknote transactions.The two companies agreed to provide Contink financing customers with a suitable option to pay installments and buy products funded by Contect Calcar, and real estate financing, in addition to shopping through comprehensive digital immediate solutions (more than 194 thousand digital payment channels throughout Egypt).Saeed Zaatar, CEO of Contect Financial Holding Company, said:.This agreement represents a turning point on our way; Where our resources and our efforts in providing distinguished digital financial services are enhanced by Egyptian citizens of all income categories in line with national policies that enhance digital transformation and financial inclusion. ”Zaatar added that consumption financing services for Contect are available through 24 branches covering all parts of the Republic, along with services through Points Network, which covers more than 1500 service centers with car exhibitions, real estate development companies, consumer merchandise and sports clubs, is expected to increase the demand for Contink after the availability of installment service through immediate.For his part, the Ezz’s CEO, the CEO of the Fawry Company’s commercial sector: “The new agreement with Contect is part of the strong partnerships that aim to save time and effort on customers, so that every customer is able to choose the financing service who wants to obtain it and pay its installments from the closestAn port for it or through an immediate application to reduce friction and simplify payment for various financial services..Ahmed Fahmy, the first manager of the financial sector relations at Fawry, stressed that the new partnership provides the full flexibility of customers in paying a installment or two installments in one go through a completely safe system with immediate outlets, in addition to that the installment would revive the demand for financing and expand the customer base, as it stimulates a numberMore than consumers on purchase, whether for cars, real estate, purchases, or others through the services provided by "Contect".
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