Fawry, Egypt’s leading fintech company, has signed a Mutual Collaboration Agreement (MCA) with Ottu, a top Online Payment Management System (OPMS) provider in the Middle East, Invest-Gate reports. This partnership marks Fawry as Ottu’s first partner in Egypt, aiming to transform the country’s online payment ecosystem by offering businesses innovative, seamless, and efficient digital payment solutions.

The collaboration integrates Fawry’s extensive payment infrastructure with Ottu’s advanced OPMS technology, providing businesses with flexible and secure payment solutions tailored to the Egyptian market. The partnership is expected to enhance payment efficiency, reduce operational costs, and create new opportunities for businesses looking to scale in Egypt’s fast-growing digital economy.

Heba El Awady, Chief Business Officer – Acceptance at Fawry, highlighted the significance of the agreement, stating: “Our partnership with Ottu strengthens Fawry’s position as Egypt’s leading payment service provider and reaffirms our commitment to driving innovation. Together, we are empowering businesses with advanced, secure, and seamless payment solutions, enhancing their ability to thrive in an evolving digital economy.”

Talal Al Awadhi, CEO of Ottu, emphasized the importance of expanding into Egypt, saying: “Within this strategic partnership, we demonstrate our market expansion goals and focus on delivering advanced payment solutions to help businesses thrive. Our initiatives in Egypt will serve as the cornerstone for expanding our presence beyond the GCC.”

By combining Fawry’s deep market expertise with Ottu’s cutting-edge payment technology, this partnership is expected to accelerate digital transformation in Egypt’s financial sector, offering businesses greater efficiency and access to a wider consumer base.