Arab Finance: The Arabian Food Industries Company (Domty) and the e-payment firm Fawry joined forces to offer solutions to improve financial inclusion in the Egyptian market, digitize the food and beverage industry, and ease electronic collection systems, as per an emailed press release on November 8th.
As part of Fawry's ongoing efforts to enhance all industries with a cutting-edge suite of financial technology solutions, particularly the food and beverage sector, Domty representatives will have the ability to deposit money collected daily from merchants in Fawry branches.
"This cooperation develops and raises the efficiency of the distribution network and develop the performance of the sales team, so we are proud of this partnership, and we aim to expand the use of cash management technology as well as financial inclusion solutions,” CEO and Vice Chairman of Domty Mohamed El-Damaty stated.