Latest news with #ContactCreditech
Zawya
07-07-2025
- Business
- Zawya
ContactNow and Kashier partner to launch flexible BNPL payment solutions in Egypt
Egypt - Contact Creditech, the digital consumer finance arm of Contact Financial Holding, has announced a strategic partnership with Kashier, one of Egypt and the Middle East's leading online payment gateways. The collaboration will see the integration of ContactNow's Buy Now, Pay Later (BNPL) service into Kashier's platform, expanding the availability of flexible digital financing options for consumers across Egypt. The partnership is a significant milestone in ContactNow's digital growth strategy, aimed at enhancing customer experience through seamless, tech-driven financial solutions. As consumer demand increases for smarter, more convenient payment alternatives, this move positions both companies at the forefront of Egypt's rapidly evolving fintech landscape. 'Partnering with a leading digital payments provider like Kashier is an exciting step forward,' said Ahmed El Moselhy, Business Director at Contact Now. 'This partnership reflects our vision of delivering innovative financing solutions. By integrating BNPL services, we aim to strengthen our market presence and reach new customer segments in line with evolving market dynamics and changing customer needs.' The integration enables Kashier merchants to offer ContactNow's installment-based payment system at checkout, providing customers with more purchasing power and flexible repayment options. It also supports Contact's broader mission to promote financial inclusion and empower consumers with accessible financial tools. Khaled Raslan, Founder and CEO of Kashier, emphasized the value of the collaboration: 'Our goal at Kashier has always been to help businesses grow by offering cutting-edge payment solutions. Partnering with ContactNow, a market leader in consumer finance, allows us to bring even more value to our merchants and their customers by making financing more accessible and frictionless.' The ContactNow app offers a diverse range of digital financing products tailored to everyday needs, contributing to the wider shift toward cashless transactions and digital financial empowerment in Egypt. This initiative underscores both companies' commitment to innovation, customer-centricity, and supporting Egypt's broader digital transformation agenda.
Daily News Egypt
06-07-2025
- Business
- Daily News Egypt
ContactNow and Kashier Partner to Launch Flexible BNPL Payment Solutions in Egypt
Contact Creditech, the digital consumer finance arm of Contact Financial Holding, has announced a strategic partnership with Kashier, one of Egypt and the Middle East's leading online payment gateways. The collaboration will see the integration of ContactNow's Buy Now, Pay Later (BNPL) service into Kashier's platform, expanding the availability of flexible digital financing options for consumers across Egypt. The partnership is a significant milestone in ContactNow's digital growth strategy, aimed at enhancing customer experience through seamless, tech-driven financial solutions. As consumer demand increases for smarter, more convenient payment alternatives, this move positions both companies at the forefront of Egypt's rapidly evolving fintech landscape. 'Partnering with a leading digital payments provider like Kashier is an exciting step forward,' said Ahmed El Moselhy, Business Director at Contact Now. 'This partnership reflects our vision of delivering innovative financing solutions. By integrating BNPL services, we aim to strengthen our market presence and reach new customer segments in line with evolving market dynamics and changing customer needs.' The integration enables Kashier merchants to offer ContactNow's installment-based payment system at checkout, providing customers with more purchasing power and flexible repayment options. It also supports Contact's broader mission to promote financial inclusion and empower consumers with accessible financial tools. Khaled Raslan, Founder and CEO of Kashier, emphasized the value of the collaboration: 'Our goal at Kashier has always been to help businesses grow by offering cutting-edge payment solutions. Partnering with ContactNow, a market leader in consumer finance, allows us to bring even more value to our merchants and their customers by making financing more accessible and frictionless.' The ContactNow app offers a diverse range of digital financing products tailored to everyday needs, contributing to the wider shift toward cashless transactions and digital financial empowerment in Egypt. This initiative underscores both companies' commitment to innovation, customer-centricity, and supporting Egypt's broader digital transformation agenda.
Zawya
01-07-2025
- Business
- Zawya
Contact Creditech obtains FRA license to expand digital consumer finance in Egypt
Arab Finance: Contact Financial Holding announced that its digital consumer finance arm, Contact Creditech, has obtained a fintech license from the Financial Regulatory Authority (FRA), as per an emailed press release. Accordingly, the company will provide fully digital consumer finance services through its application, Contact Now. The license allows Contact Creditech to offer a digital financing process that covers the full customer journey, from application to contract signing. The process includes electronic identification and verification (e-IDV), digital onboarding (e-KYC), electronic contract execution, and digital record management (DRM), supported by VLens, an FRA-registered outsourcing provider. This step aligns with Contact's strategy to advance its digital operations and support financial inclusion. The group is using a data-based approach to improve integration within the financial sector, aiming to enhance service access and support personal financial management. 'At Contact, we are driven by a solid foundation and a clear, ambitious vision aimed at promoting financial inclusion by democratizing access to sophisticated financial services across Egypt. Our goal is to bring our financing and insurance solutions into every Egyptian household," John Saad, CEO and Managing Director of Contact Financial, said. "Backed by more than 24 years of deep market understanding, we have cemented our leadership position as Egypt's leading non-banking financial services provider. We remain committed to transforming complex financial needs by leveraging cutting-edge technology to deliver simple, personalized solutions that empower individuals to achieve their economic aspirations seamlessly.' he added. © 2020-2023 Arab Finance For Information Technology. All Rights Reserved. Provided by SyndiGate Media Inc. (
Zawya
30-06-2025
- Business
- Zawya
Contact secures FRA fintech license to expand its financing and insurance services across Egypt
Cairo: Contact Financial Holding, Egypt's leading non-banking financial services provider, announced that Contact Creditech, the Group's digital consumer finance arm, has obtained a fintech license from the Financial Regulatory Authority (FRA) to offer fully digital consumer finance services through its flagship application, 'Contact Now.' Contact Now delivers a seamlessly integrated digital financing experience that covers every step of the customer journey. The process spans from application submission to electronic contract signing. This includes electronic identification, verification, and authentication (e-IDV); digital customer onboarding (e-KYC); electronic contract execution; and digital record management (DRM), all facilitated through VLens, an FRA-registered outsourcing provider. 'At Contact, we are driven by a solid foundation and a clear, ambitious vision aimed at promoting financial inclusion by democratizing access to sophisticated financial services across Egypt. Our goal is to bring our financing and insurance solutions into every Egyptian household. Backed by more than 24 years of deep market understanding, we have cemented our leadership position as Egypt's leading non-banking financial services provider. We remain committed to transforming complex financial needs by leveraging cutting-edge technology to deliver simple, personalized solutions that empower individuals to achieve their economic aspirations seamlessly.' stated John Saad, CEO and Managing Director of Contact Financial Holding. This comes as part of Contact's strategy to drive digital transformation and promote financial inclusion. The Group is adopting a data-driven approach aimed at building seamless ecosystem integration across the financial sector, delivering a rich digital financial experience for customers, ultimately improving their quality of life and supporting better personal financial management.
Zawya
05-02-2025
- Business
- Zawya
Egypt: Contact Creditech launches Maestro
Egypt - Contact Creditech, a subsidiary of Contact Financial Holding, has launched Maestro,a new digital financing solution that allows customers to fully customize their installment plans, including selecting their own interest rates. The feature, available through the Contact Now application, marks a first for Egypt and the Middle East, offering users unprecedented flexibility and control over their financial commitments. The Maestro program enables users to adjust their repayment periods from 6 to 60 months, modify administrative fees, and even lower interest rates to 0% by restructuring the fee setup. Changes are reflected instantly on the app's digital dashboard, providing full transparency. According to Omar El Fiky, Managing Director of Contact Creditech, Maestro is a transformative step for the region's financial landscape. Customers can now take control of their financing plans like never before, with the ability to adjust interest rates, administrative fees, and repayment tenures in real time. This innovation reflects our commitment to making financial solutions more accessible, transparent, and tailored to individual needs, he said. Said Zater, CEO of Contact Financial Holding, emphasized the significance of Maestro in advancing digital financial services. The launch of Maestro is a major milestone in our journey toward digital transformation. We believe customers should have full control over their financial choices, and this program allows them to do exactly that. It's not just about offering an installment plan—it's about giving people the power to manage their finances in a way that best suits them, he stated. Once a plan is finalized, the transaction is instantly updated in the merchant's system, streamlining the process for both customers and retailers. By integrating a high level of personalization, Contact Now is reshaping how consumers interact with financial services. The launch of Maestro represents a broader shift in Egypt's fintech sector, focusing on digital innovation and customer empowerment. With this new solution, Contact Creditech aims to set a new standard for installment payments, making financial planning more flexible and transparent for all users. © 2024 Daily News Egypt. Provided by SyndiGate Media Inc. (
