Latest news with #ContactFinancialHolding
Zawya
3 days ago
- Business
- Zawya
Contact Insurance Brokerage joins forces with UN Global Compact to champion ESG and women in leadership
Cairo: Contact Financial Holding continues to solidify its role as a key development partner in the Egyptian market by championing initiatives that promote good governance, transparency, and equal opportunity, with a strong focus on the economic and social empowerment of women. As part of this commitment, Contact Insurance Brokerage, the Group's insurance brokerage arm, has officially joined the UN Global Compact Network Egypt (UNGCNE), while also supporting UNGCNE flagship women empowerment program, 'Bloom with Purpose.' This Pearson-certified program is designed to equip women in mid-management positions with the strategic leadership skills, emotional intelligence, and decision-making capabilities necessary to advance into senior executive roles—contributing to a more inclusive and resilient business environment in Egypt. By joining the world's largest corporate sustainability initiative, Contact Insurance Brokerage takes a bold step toward deepening its commitment to responsible business practices. This partnership not only strengthens the company's leadership position within Egypt's insurance sector but also unlocks opportunities to scale its sustainability impact through access to global knowledge, tools, and capacity building platforms. including business accelerators in key areas such as Business & Human Rights, Climate Ambition, SDG Innovation, and Business Integrity. In addition to the Sustain360 program, UNGCNE's flagship capacity-building program focused on developing core ESG competencies across the private sector, along with full access to the UN Global Compact Academy, the UN's premier digital learning platform offering practical, on-demand training to help businesses integrate sustainability into strategy, operations, and leadership. 'At Contact Insurance Brokerage, we believe that women's empowerment and good governance are not merely social responsibilities; they are fundamental pillars for building strong and sustainable institutions. Our partnership with the UN Global Compact Network Egypt (UNGCNE) is a natural extension of our vision to cultivate a workplace rooted in diversity, equality, and innovation, where equal opportunity is a core value guiding everything we do,' stated Mrs. Nehal Break, Chairman and Managing Director of Contact Insurance Brokerage. 'We consider women's empowerment a strategic priority, essential to achieving sustainable economic growth and strengthening our competitiveness as a leading company in the Egyptian market. This partnership offers a framework of global standards and best practices that will help translate our vision into action while generating measurable impact across our business and the broader community. We hope this step marks the beginning of a broader journey of impactful initiatives in the near future,' Mrs. Break added. 'We value our collaboration with Contact Group, though our partnership with Contact Insurance Brokerage reflects a strong alignment with our mission. Their support for Bloom with Purpose initiative stands as a clear testament to their commitment to empowering women in decision-making roles,' commented Mrs. Walaa El-Husseiny, CEO of the UN Global Compact Network Egypt. Mrs. El-Husseiny added 'This partnership lays the foundation for impactful, long-term cooperation that we believe will resonate across Egypt's financial sector and labor market. The active engagement of private sector leaders like Contact Insurance Brokerage is essential to advancing the Sustainable Development Goals (SDGs) and strengthening women's leadership across the country.' It is noteworthy that this partnership clearly reflects Contact Insurance Brokerage's long-standing commitment to creating a positive and sustainable societal impact. It aligns with the group's strategic direction of supporting key societal priorities, including gender equality, quality education, decent employment, and good governance, in line with the Sustainable Development Goals.
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
26-06-2025
- Business
- Zawya
Contact, noon team up to strengthen Egypt's digital payment ecosystem
Arab Finance: Contact Financial Holding has joined forces with noon Payments, the integrated online payment gateway powered by noon, to enhance Egypt's digital payment ecosystem, according to a press release. The partnership aims to expand access to seamless, innovative, and customer-centric financial solutions across the market. It comes as a part of the two companies' strategy to offer flexible and secure payment services, revolutionize financial accessibility, and enhance both merchants' and customers' experience. This will be implemented through Contact's AI-powered digital application, ContactNow, and its leading payment solutions provider, Contact Pay. Noon Payments' merchants will access Contact's financing solutions, including the buy now, pay later (BNPL) service, to simplify the purchasing process and provide multiple payment options. Beyond BNPL, noon Payments is now integrated as a digital payment gateway within ContactNow app, allowing Contact customers to pay installments, bills, and subscriptions using a wide range of secure digital payment methods. On the other hand, noon Payments will offer Contact's payment services as a method for their merchants to integrate into their checkout systems, which will secure more flexibility and a wider variety of payment options for their customers. Ahmed Abdel Hakim, Managing Director of Contact Pay, commented: 'We see this as a major step forward in reshaping the digital payments landscape in Egypt by delivering seamless, secure, and customer-centric payment solutions that align with modern consumer expectations.' Meanwhile, Ahmed El Moselhy – Business Director at Contact Now, said: 'By integrating BNPL services into the noon platform, we're not only simplifying the customer financing and shopping experience and helping them manage spending without upfront costs, we're also contributing to a smarter, more resilient e-commerce ecosystem that aligns with evolving customer needs and supports sustainable digital growth.' For his part, Moustafa Maher, Country Manager of noon Payments Egypt, highlighted: 'This collaboration is designed to deliver a smooth and efficient experience for businesses and consumers in Egypt, while also contributing to the development of the local economy.' © 2020-2023 Arab Finance For Information Technology. All Rights Reserved. Provided by SyndiGate Media Inc. (
Zawya
25-06-2025
- Business
- Zawya
Contact and noon Payments partner to provide Innovative Payment Solutions and enhance customer experience
Cairo, Egypt. Contact Financial Holding, Egypt's leading non-banking financial services provider, has announced a strategic partnership with noon Payments, the integrated online payment gateway powered by noon. This collaboration will be implemented through Contact's AI-powered digital application, ContactNow, and its leading payment solutions provider, Contact Pay. The partnership aims to enhance Egypt's digital payment ecosystem and expand access to seamless, innovative, and customer-centric financial solutions across the market. Aligned with the shared strategy of both companies to offer flexible and secure payment services, the partnership between Contact and noon Payments aims to revolutionize financial accessibility and enhance both merchants' and customers' journey. It enables noon Payments' merchants to leverage Contact's financing services as a reliable and convenient payment method, simplifying the purchasing process and providing multiple payment options. Furthermore, the partnership introduces a fully digitized financing experience for consumers by enabling "Buy Now, Pay Later" (BNPL) service through ContactNow app. Beyond BNPL, noon Payments is now integrated as a digital payment gateway within ContactNow app, allowing Contact customers to pay installments, bills, and subscriptions using a wide range of secure digital payment methods. Also noon Payments will offer Contact's payment services as a payment method for their merchants to integrate into their checkout systems, providing greater flexibility and a wider variety of payment options for their customers. This collaboration leverages the combined expertise of both entities to deliver a fully-fledged suite of digital payment solutions that elevate the user experience and respond to evolving market needs. Ahmed Abdel Hakim, Managing Director of Contact Pay, expressed his excitement about the strategic partnership, stating: 'This strategic collaboration with noon Payments reflects our ongoing commitment to building a robust digital infrastructure at Contact Financial Holding. We see this as a major step forward in reshaping the digital payments landscape in Egypt by delivering seamless, secure, and customer-centric payment solutions that align with modern consumer expectations.' Ahmed El Moselhy – Business Director at Contact Now, commented: 'We're proud to join forces with noon Payments through this strategic agreement, which unlocks instant and secure financing options for our customers directly via ContactNow app. By integrating BNPL services into the noon platform, we're not only simplifying the customer financing and shopping experience and helping them manage spending without upfront costs, we're also contributing to a smarter, more resilient e-commerce ecosystem that aligns with evolving customer needs and supports sustainable digital growth.' Moustafa Maher, Country Manager of noon Payments Egypt, commented: 'We are pleased to be partnering with Contact to integrate noon Payments' cutting-edge payment solutions with its innovative financial services. This collaboration is designed to deliver a smooth and efficient experience for businesses and consumers in Egypt, while also contributing to the development of the local economy.' It is noteworthy that this strategic collaboration plays a pivotal role in driving financial inclusion and accelerating digital transformation in Egypt. By offering secure and flexible digital financing solutions tailored to consumer needs and aligned with market developments, it contributes to building a more integrated and advanced digital payments ecosystem. About Contact Financial Holding Contact Financial Holding SAE ( is the largest non-bank financial services provider in Egypt changing the way people and business access finance and insurance. Operating since 2001, Contact adopts innovative approaches in extending its services, offering quality services with simple procedures and reaching a wide client base through its various subsidiaries, affiliates and partners. Contact's financing division offers market leading services including consumer financing for new and used passenger and commercial vehicles and an array of consumer durables through Contact Credit and Contact CrediTech, Mortgage finance through Contact Mortgage, as well as commercial finance through Contact Leasing and Contact Factoring. Contact operates in insurance through Sarwa Insurance and Sarwa Life Insurance. Contact also offers an array of corporate financing services including securitization, structured debt and debt investment management. Contact Financial Holding SAE is authorized and regulated by the Financial Regulatory Authority (FRA). ABOUT was founded with the objective of fostering an ecosystem of regionally based digital companies in order to secure the region's digital landscape's future. noon's mission is to provide customers and companies in the Middle East region with outstanding value and support. On December 12th, 2017, noon launched its consumer platform in the Kingdom of Saudi Arabia and the United Arab Emirates. noon debuted in Egypt in February 2019 and has since evolved to become the largest online shopping destination in the Middle East. Primarily a digital e-commerce platform powered by in-house technological talent, noon has swiftly developed strong native capabilities throughout its marketplace, fulfillment, logistics, and payment systems.
Economic Key
25-06-2025
- Business
- Economic Key
Contact Partners with noon Payments to Deliver Innovative Financing Solutions
Contact Financial Holding, Egypt's leading non-banking financial services provider, has announced a strategic partnership with noon Payments, the integrated online payment gateway powered by noon. This collaboration will be implemented through Contact's AI-powered digital application, ContactNow, and its leading payment solutions provider, Contact Pay. The partnership aims to enhance Egypt's digital payment ecosystem and expand access to seamless, innovative, and customer-centric financial solutions across the market. Aligned with the shared strategy of both companies to offer flexible and secure payment services, the partnership between Contact and noon Payments aims to revolutionize financial accessibility and enhance both merchants' and customers' journey. It enables noon Payments' merchants to leverage Contact's financing services as a reliable and convenient payment method, simplifying the purchasing process and providing multiple payment options. Furthermore, the partnership introduces a fully digitized financing experience for consumers by enabling 'Buy Now, Pay Later' (BNPL) service through ContactNow app. Beyond BNPL, noon Payments is now integrated as a digital payment gateway within ContactNow app, allowing Contact customers to pay installments, bills, and subscriptions using a wide range of secure digital payment methods. Also noon Payments will offer Contact's payment services as a payment method for their merchants to integrate into their checkout systems, providing greater flexibility and a wider variety of payment options for their customers. This collaboration leverages the combined expertise of both entities to deliver a fully-fledged suite of digital payment solutions that elevate the user experience and respond to evolving market needs. Ahmed Abdel Hakim, Managing Director of Contact Pay, expressed his excitement about the strategic partnership, stating: 'This strategic collaboration with noon Payments reflects our ongoing commitment to building a robust digital infrastructure at Contact Financial Holding. We see this as a major step forward in reshaping the digital payments landscape in Egypt by delivering seamless, secure, and customer-centric payment solutions that align with modern consumer expectations.' Ahmed El Moselhy – Business Director at Contact Now, commented: 'We're proud to join forces with noon Payments through this strategic agreement, which unlocks instant and secure financing options for our customers directly via ContactNow app. By integrating BNPL services into the noon platform, we're not only simplifying the customer financing and shopping experience and helping them manage spending without upfront costs, we're also contributing to a smarter, more resilient e-commerce ecosystem that aligns with evolving customer needs and supports sustainable digital growth.' Moustafa Maher, Country Manager of noon Payments Egypt, commented: 'We are pleased to be partnering with Contact to integrate noon Payments' cutting-edge payment solutions with its innovative financial services. This collaboration is designed to deliver a smooth and efficient experience for businesses and consumers in Egypt, while also contributing to the development of the local economy.' It is noteworthy that this strategic collaboration plays a pivotal role in driving financial inclusion and accelerating digital transformation in Egypt. By offering secure and flexible digital financing solutions tailored to consumer needs and aligned with market developments, it contributes to building a more integrated and advanced digital payments ecosystem. تم نسخ الرابط
