Contact Pay, a payment solutions provider, has recently signed a strategic cooperation agreement with OPay, a FinTech solutions and electronic payments company.
This agreement aims to enhance cooperation between the two entities, offering comprehensive digital payment solutions to cater to diverse customer needs and significantly enhance their overall experience.
Mahmoud Khedr, CEO of OPay, said, “OPay is dedicated to providing technologies and solutions in fintech. This partnership reflects our commitment to delivering innovative payment experiences.” He emphasized the potential for innovation and growth in the digital payment sector through combined expertise and efforts.”
Under this agreement, OPay will serve as a new acquisition arm for Contact, expanding its physical presence and customer reach throughout Egypt. This partnership will enable Contact to leverage OPay’s extensive network of over 90,000 POSs and payment kiosks spread across the country.
Ahmed Abdel Hakim, Managing Director of Contact Pay, expressed his satisfaction with the strategic partnership, said, “We are delighted to partner with OPay, which will significantly enhance our payment services, improve customer experiences, and streamline payment collection by introducing a new payment method to our portfolio.” He emphasized Contact’s commitment to customer convenience and simplifying financial transactions.
Zater, CEO of Contact Financial Holding, said, “This partnership is a strategic step towards realizing our vision of enhancing electronic payment experiences in Egypt. We aim to provide innovative payment solutions that align with customer expectations, strengthening our position in the non-banking financial services sector and promoting financial technology in the Egyptian market.”
Source: https://ibsintelligence.com/ibsi-news/contact-partners-with-opay-to-offer-digital-payment-solutions/