Fawry launches ‘Fawry Business’ to bolster digital transformation in Egypt

Updated 2/13/2025 8:40:00 AM

Arab Finance: Fawry for Banking Technology and Electronic Payment has launched ‘Fawry Business’ to facilitate business operations and enhance efficiency, according to an emailed press release.

The launch boosts Fawry’s commitment to boosting digital transformation, promoting financial inclusion, and supporting Egypt’s SME sector.

The new feature provides solutions for small, medium, and large enterprises operating in different sectors, including manufacturing, healthcare, retail, logistics, real estate, and facilities management, and more.

‘Fawry Business’ allows businesses to manage both cash and electronic collections while presenting a comprehensive overview of their transactions.

Meanwhile, ‘Fawry Yawmy’ enables businesses to instantly invest their collections, maximizing returns on their revenues.

Additionally, ‘Fawry Business' supports seamless integration between point-of-sale (POS) systems and Fawry POS devices while securing online payment solutions, including payment gateways, payment links, and multiple in-store payment options.

It also introduces an innovative FinTech-based investment fund that enables corporates to invest their working capital and earn an annual return of up to 23% due daily.

As for financial management, 'Fawry Business' offers a comprehensive accounting system that enables businesses to manage cash flow, record daily transactions, generate financial statements, manage invoices, and analyze financial data.

Ashraf Sabry, CEO and Managing Director of Fawry, stated: "We aim to empower businesses to overcome financial challenges and enhance their competitiveness."

He added: "Through “Fawry Business”, we aim to equip companies with the essential tools to achieve their goals in a dynamic business landscape while contributing to the growth of a strong and prosperous Egyptian economy."

The CEO recently told Ashraq Business Fawry will launch the money transfer service soon via ‘myfawry’ app after obtaining the approval of the Central Bank of Egypt (CBE).