With an ongoing strategy to provide integrated financial solutions to individuals and companies, Wall Street Exchange has recently announced a tie up with Fawry, the leading payment services company in Egypt. With an aim to develop areas of cooperation with Egypt, an MOU was signed by Sultan Al Mahmoud, Chief Marketing and Support Services Officer for Wall Street Exchange and Ashraf Sabry, CEO of Fawry.
Wall Street Exchange will provide quick and varied solutions to customers in UAE for transferring money and to be paid out via more than 50,000 Fawry points across various locations in Egypt in partnership with Fawry financial solutions. Offering fast and secure transactions, the service further makes payment of utility bills easy for the citizens of Egypt based in the UAE for their families. Highlighting convenience for all, Wall Street Exchange has made the service available to more than 100 government and private entities in Egypt.
On the occasion of inaugurating the service in partnership with Fawry, Sultan Al Mahmoud said, “Wall Street Exchange is proud to announce its tie up with Fawry. It is our recent initiative aimed at providing financial solutions to our esteemed customers and we have incorporated the use of technology to introduce efficient services to our customers of various nationalities.”
The agreement enables Wall Street Exchange clients to transfer money, pay off their utility bills and top up their mobile phones smoothly and safely. This can be done through Wall Street Exchange branches or through self-service kiosks which are spread across the UAE, and more so in locations with high population density for ease of access.
Also commenting on the occasion, Ashraf Sabry, the CEO of Fawry said, “We are happy to associate with Wall Street Exchange, the leading money transferor in the UAE. They have demonstrated introduction of efficient services successfully to their customers by offering quality services and Fawry is pleased to announce its first partnership in the Gulf with them. With UAE being the first, we plan to further expand in this region, following which we will target other markets in the GCC.”
“By associating with Wall Street Exchange in the UAE, we are helping our people by making their payment procedures in Egypt easier. This has only been possible because of the massive support and backing received by Wall Street Exchange. Fawry is seeking to enhance its services through modern and innovative solutions in the field of electronic billing payment operations. Our work relies heavily on the latest information and banking solutions technology to make transactions more efficient for the users.”
Fawry’s partnership with Wall Street Exchange will allow individuals and companies in the state to pay their bills through a unified electronic network covering all parts of Egypt.