Fawry, Egypt’s leading e-payment platform, has signed a Mutual Collaboration Agreement (MCA) with Ottu, a Kuwait-based online payment management system provider. This marks Ottu’s entry into the Egyptian market, aiming to transform the country’s digital payment landscape.
By integrating Fawry’s extensive payment network with Ottu’s Online Payment Management System (OPMS), businesses in Egypt will benefit from enhanced security, flexibility, and efficiency in their transactions. This collaboration will streamline payment processes, optimize operations, and help businesses cut costs.
Driving Innovation in Egypt’s Payment Sector
Heba El Awady, Chief Business Officer – Acceptance at Fawry, highlighted the significance of this partnership, stating:
“Our collaboration with Ottu reinforces Fawry’s leadership in Egypt’s payment industry and underscores our commitment to innovation. Together, we are equipping businesses with seamless, secure, and cutting-edge payment solutions to help them thrive in today’s digital economy.”
Talal Al Awadhi, CEO of Ottu, expressed his enthusiasm for expanding into Egypt, stating:
“This strategic partnership aligns with our expansion goals and mission to deliver advanced payment solutions that empower businesses. Our presence in Egypt will be a stepping stone for further growth beyond the GCC.”
With this collaboration, Fawry and Ottu are set to drive digital transformation, offering businesses greater security, convenience, and scalability in their payment operations.
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