The headquarters of Fawry Corporate “Online Payment Portal” are pictured in Cairo, Egypt February 15, 2018.Ehab Farouk Reuters Pictures.
This partnership represents a brand new milestone towards integrating e-payment answer
Group of workers Author | Arab Finance
Arab Finance: Fawry for Banking Era and Digital Cost has teamed up with Crystal Pay, the specialised virtual bills arm of Crystal Thoughts, to release an built-in price answer for traders, in line with a press free up.
The partnership will combine Fawry’s price acceptance point-of-sale (POS) terminals with Crystal Thoughts’s POS gadget, permitting companies to procedure gross sales transactions and settle for virtual bills via a unified platform.
The brand new answer leverages the combination of Fawry’s POS gadget with Crystal Thoughts’s POS gadget to permit the automated and protected switch of transaction knowledge between the POS gadget and Fawry’s price terminals.
It gets rid of the desire for handbook knowledge access and minimizes human error. It additionally streamlines monetary auditing and reconciliation through updating transaction statuses in actual time and producing synchronized monetary data.
The answer is designed to spice up operational potency throughout sectors, together with hospitality, retail chains, and hypermarkets through accelerating checkout processes and simplifying price assortment and reconciliation.
Additionally, the partnership goals to amplify the rollout of this built-in answer throughout a much wider service provider base in more than a few sectors, whilst proceeding to broaden new options and services and products that meet rising marketplace calls for.
This comes as a part of Fawry’s ongoing dedication to empowering companies to undertake virtual answers that fortify operational potency and be offering a complicated price enjoy, backing Egypt’s virtual transformation efforts.
Bassem Lotfy, Head of Trade Building at Fawry, mentioned: “This partnership represents a new milestone toward integrating e-payment solutions into the daily operating environments of businesses. This contributes to enhancing operational efficiency, streamlining payment procedures, supporting digital transformation efforts, and driving the state’s vision toward building a cashless economy.”
For his phase, Tamer Mohamed, CEO of Crystal Pay, commented: “This partnership reflects Crystal Mind’s strong vision of delivering fully integrated business solutions that seamlessly combine robust enterprise resource planning (ERP) systems with the most widely adopted digital payment technologies in the market.”
Mohamed added: “By linking our point-of-sale system with Fawry’s POS system through the Crystal Pay platform, we provide our clients with a distinctive competitive advantage that enhances operational accuracy, reduces manual human intervention, and simplifies daily processes, enabling businesses to improve their financial performance and drive commercial growth more efficiently.”
The Micro, Small and Medium Enterprise Development Agency (MSMEDA) recently extended an EGP 550 million financing facility to Fawry MSME Finance, a fully owned subsidiary of Fawry.
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