Checkout.com recently announced a new suite of payment methods available for merchants and customers in the Middle East. Now, we’re excited to introduce our first local payment method in Africa with Egypt’s, Fawry Pay.
Fawry is an omnichannel provider and payment method that offers cash, card, and mobile wallet services to consumers in Egypt, processing over 2 million transactions a day. By offering Fawry Pay at checkout, merchants can expand their customer base and gain access to over 20 million Fawry users in the country. Checkout.com currently offers Fawry as a cash/voucher payment method.
Businesses looking to penetrate this market can now offer this trusted local payment method, giving consumers greater confidence to shop and pay online. Through Fawry Pay, consumers have a fast, convenient, and familiar way to pay bills, household expenses, prepaid cards, and more via their browser or from their mobile devices.
Fawry recently announced its domestic public offering listing 36% stake in Egyptian IPO. According to the investment bank, EFG Hermes, Fawry’s network processed over 600 million transactions last year totaling 34.2 billion Egyptian pounds.