Fawry and Contact Financial Team Up to Expand ‘Buy Now, Pay Later’ in Egypt

Editorial Team

Last updated 21-03-2025

2 min

Egyptian fintech Fawry partners with Contact Financial to expand digital payments in Egypt.

Fawry's network will now offer 'Buy Now, Pay Later' options across 370,000 points-of-sale.

The collaboration aims to simplify bill payments, electronic transactions, and financial services.

This initiative aligns with Egypt's digital transformation strategy for financial inclusion.

Government efforts like MSMEDA's investments have significantly impacted job creation and community development.

Egyptian fintech giant Fawry has joined forces with Contact Financial Holding, a major name in Egypt's non-banking financial sector, in an exciting new deal aimed at expanding digital payment services across the country.

Under this recent partnership, Fawry's widespread network—consisting of over 370,000 points-of-sale (POS) and digital platforms—will now offer customers 'Buy Now, Pay Later' (or BNPL, as it's popularly known) options. This means you’ll soon find it easier to split payments into manageable instalments whenever you shop at merchants linked with Fawry.

Aside from BNPL, the collaboration also paves the way for streamlined services covering bill payments, electronic transactions, and various financial offerings aimed at making life that little bit easier. With this move, Fawry and Contact are stepping up to push digital payment methods further across the nation, helping Egyptians shift gradually away from tradiitional cash setups.

The wider goal, beyond convenience alone, fits squarely with Egypt’s ongoing digital transformation strategy, designed to foster financial inclusion and modernise the country's payments landscape through secure and efficient electronic platforms.

It’s a timely and strategic effort, especially at a moment when digital transformation is booming across the globe. And it aligns neatly with Fawry's overall push to expand business solutions under their umbrella, which they're calling Fawry Business.

Interestingly, separate government initiatives like MSMEDA's investments in small and micro businesses across areas such as Minya, Fayoum and Beni Suef have created around 826,300 jobs since 2014, demonstrating how digitalisation efforts and investments like these have tangible impacts on local communities.

For regular readers at Arageek, developments like this might feel reminiscent of the shift we once saw switching from landlines to smartphone reliance—changes that gradually became everyday reality. Only time will tell, of course, if BNPL becomes as familiar in Egypt as a regular Thursday-night koshary takeaway—but with big players like Fawry and Contact committed, it certainly looks promising.

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