Originally posted on CPI Financial, Fawry, the leading Egyptian Electronic Bill Presentment and Payment (EBPP) platform in Egypt, has plans to expand regionally, starting with the UAE to be followed by other GCC markets
Fawry is a bi-lingual Arabic-English platform that provides a convenient and secure one-stop electronic bill payment services to the public, connecting consumers, merchants, governments and financial institutions on a consolidated gateway for the straight-through processing of electronic bill (e-bill) presentment and payment through multiple payment channels, including online payments, mobile wallet and Point of Sale (POS) machines that are available 24/7. The payment is reflected on the biller system immediately in real-time, i.e. at the same moment that the payment is transacted and finalised.
Fawry allows consumers from across the socio-economic strata in more than 300 cities and suburbs across Egypt to pay for their bills online, on mobile and at more than 40,000 points of presence across the nation, including 15 banks and 4200 ATMs; 1300 Egypt Post branches; 35000 retailers comprising pharmacies, supermarkets and convenience stores; as well as mobile and internet. Currently, more than one million transactions are processed daily via Fawry
Offering a scalable infrastructure for Service Oriented Architecture (SOA), Fawry is able to simplify and accelerate the development and deployment of new e-billing services by governments, financial institutions and commercial organisations. The platform operates with strict and robust security in place and in full compliance with ISO 27001 and PA DSS standards.
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