Arab Finance: Tanmeyah, a subsidiary of EFG Holding, has entered a strategic partnership with AMAN Holding, a Raya Holding subsidiary and fintech group in Egypt, according to an emailed press release.
The partnership will allow Tanmeyah to roll out new digital channels that help customers receive their financing and pay for their installments more seamlessly and flexibly.
Moreover, it will enable Tanmeyah’s customers to access financing digitally, offering them the convenience of settling their payments seven days a week via AMAN’s network of retail outlets, without the need to visit branches or adhere to working hours.
“This collaboration marks a positive step in our ongoing efforts to provide seamless, accessible financial services to our customers—wherever they may be. It reflects our broader strategy to digitize every aspect of the client journey, offering more flexibility, ease, and choice,” Jinu Johnson, CEO and Managing Director of Tanmeyah, said.
For his part, Hazem Moghazi, CEO of Business and Commercial Affairs at AMAN Holding, stated, “With our nationwide network and advanced digital infrastructure, which includes over 2,000 financial services, processing more than 2 million financial transactions daily for over 30 million customers and 500,000 merchants, we look forward to offering Tanmeyah’s customers a payment experience that’s safe, quick, and accessible.”
“AMAN’s infrastructure also includes a network of 150,000 point-of-sale locations that accept both cash and electronic payments across Egypt. This extensive digital infrastructure significantly enhances the importance of this partnership, positioning it as a strategic step towards achieving a qualitative leap in the level of financial services offered to citizens in Egypt,” Moghazi added.