XPay, a company fully licensed and regulated by the Central Bank of Egypt, has signed a deal with Fawry, a leading company in the field of digital transformation for electronic payments, to offer FawryPay Reference code and Cash out services to its customers and merchants in the Egyptian market.
The partnership aims to revolutionize the financial empowerment of individuals and corporate partners by helping them plan and manage their finances through a variety of digital solutions. These solutions will enable customers to carry out their daily financial activities with simplicity and complete control.
Bassem Lotfy, Head of Acceptance at Fawry, expressed his pleasure in cooperating with XPay and said that they hope to help the company meet the needs of customers through innovative technology, especially the FawryPay reference code service. Lotfy further stated that Fawry has a clear policy to stimulate startups working in financial technology and electronic payment to enrich the sector with innovative solutions, which is beneficial to the electronic payments market.
This partnership is in line with Fawry’s strategy towards consolidating the principles of financial inclusion and spreading the culture of electronic payment in financial transactions. Additionally, this cooperation contributes to building a cashless society with various technological solutions and options, which serves the state’s direction towards supporting the digital transformation path in light of Egypt’s Vision 2030 and the initiatives of the Central Bank of Egypt.
Through cooperation with Fawry, XPay will provide its customers and merchants with the latest types of electronic payment methods to improve their quality of life and facilitate the process of managing their financial transactions. Fawry aims to support and enhance the payments market through an innovative and new package in the field of banking technology and high-level technologies in the field of electronic payment, which would develop the digital economy.
Dr. Mohamed Adelmotaleb, CEO of XPay, stated that the partnership is an important milestone towards achieving the goal of digital transformation and financial empowerment, improving the quality of life for individuals and companies through diversified digital solutions to enhance their financial management. Dr. Mohamed added that XPay’s services enable companies and individuals to manage all types of payments and provide their customers with different payment solutions.
XPay was founded in 2018 by Dr. Mohamed Abdelmoteleb, a seasoned entrepreneur with over 25 years of experience in management and technology. The company seeks to improve the quality of life by providing a variety of digital solutions that help individuals and companies improve their financial management.
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