Arab Finance: Consumer finance provider Jameel Finance Egypt has partnered with Egyptian electronic payments company Al Ahly Momkn to allow customers to pay their installments through its nationwide payment network, as per an emailed press release.

Under the partnership, customers can make payments at any time through Al Ahly Momkn’s channels, which include more than 150,000 points of sale and serve over 5 million users.

The expanded payment options are designed to give customers greater flexibility in managing their obligations while advancing both companies’ efforts to support digital transformation and financial inclusion in Egypt.

“This partnership represents a new step in our ongoing strategy to enhance our customers’ experience by providing easy and secure digital payment solutions that give them greater flexibility in managing their financial obligations.” Siraj Badqail, CEO and Managing Director of Jameel Finance – Egypt, said. “We believe that collaborating with partners that have robust infrastructure, such as Al Ahly Momkn, helps expand the reach of our services and enables us to reach a broader segment of customers, in line with our vision to support digital transformation and enhance financial inclusion in Egypt.” 

Ahmed Ghazi, CEO and Managing Director of Al Ahly Momkn, commented: “This partnership contributes to providing secure, easy, and fast payment methods, supporting efforts to transition toward a less cash-dependent society and enhancing the quality of digital financial services offered in the Egyptian market.”