By Delisha Fernandes
- Edita Food Industries
- electronic bill payments
- Electronic Payment
Fawry FMCG has signed a strategic cooperation agreement with Edita Food Industries to provide innovative solutions to enhance electronic collection and payment systems.
According to this agreement, Edita representatives and clients will be able to deposit funds collected daily and around the clock through Fawry retail network spread across all governorates of Egypt and Fawry Plus branches.
Ashraf Sabry, Chairman of Fawry FMCG said, “The partnership represents a bright step for us in Fawry FMCG’s journey in the Egyptian market, as “Edita” is one of the largest food industry companies, and we are excited to work together to develop collection and payment systems in the food industry sector, through the latest innovative and fully secured technology solutions.”
Fawry FMCG, a company specializing in financial technology solutions for the consumer goods sector, is keen on providing its partners in various sectors with an advanced set of financial technology solutions, especially the food and beverage sector and spreading the culture of digital transformation to achieve a cashless society in accordance with Egypt’s Vision 2030.
Also, Fawry FMCG is considered one of the largest electronic financial platforms in Egypt that serves consumers and companies through various channels and thousands of service points throughout Egypt. Its platform currently serves more than 320,000 merchants and more than 100 consumer goods companies, with the aim of digitizing supply and demand processes, and creating an ecosystem where the relationship between the retailer, the sales representative, and the consumer goods company is seamless, digital and cashless.
Hani Berzi, Edita’s Chairman said, “We are very pleased to announce our partnership with Fawry, Egypt’s leading provider of e-payment services, who will help Edita digitalize cash collection across its merchant network, improve trade cash management and enhance overall operational efficiency for our business. This is a crucial step toward advancing digital transformation across our organization, which is a key pillar of Edita’s ESG strategy. We look forward to working with the team at Fawry and to realizing our strategic objectives through this partnership.”
Razorpay POS boosts In-Store Payments with Instant Refunds for failed UPI transactions
Revolut launches Mobile Wallets to boost cross border payments
IBSi Daily News Analysis
January 25, 2024
Edita Food Industries
FinTech firms adopt fun tactics: learning gamification from iGaming leaders
IBSi FinTech Journal
- Most trusted FinTech journal since 1991
- Digital monthly issue
- 60+ pages of research, analysis, interviews, opinions, and rankings
- Global coverage