Fawry reaches LE11B in non-monetary transactions in 2021

Photo courtesy of Fawry’s Twitter account

CAIRO – January 30, 2022: Fawry for Electronic Payments achieved a non-cash transaction volume of around LE 11 billion in 2021, thanks to the “Accept Fawry” comprehensive package of electronic payment solutions.

“Accept Fawry” provides two services for non-cash transactions, the first is “FawryPOS” outlets, and the second is electronic payment through the Internet through the Fawry electronic portal.

The company clarified in a filing to the Egyptian Stock Exchange (EGX), that the value of transactions through “FawryPOS” outlets increased by 232% by the end of 2021 on an annual basis, reaching around 6 billion. of LE.

With regard to electronic payment transactions via the Internet through the Fawry electronic portal, the value of financial transactions reached almost LE 5 billion by the end of 2021, with an annual increase of 400%.

“Digital payments are extremely important, given their role in promoting financial technology as a key element in driving economic development,” said Ashraf Sabry, CEO of Fawry.

Fawry’s online portal recorded more than 2.4 million daily active customers, stopping what was stated in the statement.

Fawry provides comprehensive payment solutions through “Accept Fawry” services to customers through multiple methods such as online payment through electronic payment gateway service.

It can be used while logging into online websites, platforms or apps such as Jumia, Uber, Netflix and other lists that include more than 600 platforms and platform apps that allow electronic payment through cards bank credit and advantage cards.

Fawry also offers a variety of payment and installment options by cooperating with over 6 different banks.

Fawry Company for Banking Technology and Electronic Payments was established in 2008, and Fawry’s main services include electronic bill payment, mobile phone recharge and other digital services.

The company serves more than 35 million customers per month with an average of 3 million transactions executed per day through more than 250,000 agents and a banking network of 36 banks, as well as a mobile application.