Fawry, Egypt’s leading e-payments solutions provider, in collaboration with Banque Misr and Egyptian Banks Company for Technology Advancement (EBC), announced the launch of a new cash in and out interoperable for e-wallets via Meeza Digital Scheme, Invest-Gate reports.

This service enables customers who hold e- wallets from any bank or financial institution to easily and flexibly perform cash in and out interoperable at electronic points of sale (POS) available through Fawry’s nationwide network.

This initiative reflects the commitment of Fawry, Banque Misr, and EBC to enhance financial inclusion and intensify efforts to increase accessibility to financial services for broader segments of the society.

This new service further strengthens Fawry’s leadership in the fintech market. Thanks to this service, customers can now perform deposit and withdrawal securely and efficiently, with a maximum limit of EGP 4,000 per transaction, through Fawry’s nationwide network and FawryPlus branches. This makes the service easily accessible to customers across Egypt.

The strategic partnership between Fawry, Banque Misr, and EBC marks a significant advancement in Egypt’s financial services sector, providing innovative and user-friendly payment solutions that drive economic growth and promote digital transformation. Individual customers benefit from this collaboration by accessing various financial options tailored to their diverse needs, boosting confidence in the economic system, and encouraging investment.

Commenting on the launch of the e-wallet deposit and withdrawal service via Meeza Digital Scheme, Tarek Zohairy, Chief Commercial Officer- Financial Services & Digital Solutions at Fawry, said: “We are proud to take an important step forward in our mission to expand financial inclusion in Egypt. The partnership with Banque Misr and EBC to launch this service significantly advances our ongoing efforts to drive digital transformation and create a more inclusive financial community. At Fawry, we are committed to ensuring that everyone can access the opportunities offered by financial technology securely and seamlessly, anytime and anywhere across the country.”

For his part, Mohamed Shawky, Deputy Business Development GM at Egyptian Banks Company for Technological Advancement (EBC), stated: “At EBC, we believe that innovation is the key to making financial transactions more accessible and efficient. Therefore, we are delighted to collaborate with Fawry and Banque Misr to launch new cash in and out interoperable for e-wallets, utilizing the latest payment technologies. This service is available anytime and anywhere, contributing to a more digital and financially inclusive future while strengthening Egypt’s position as an attractive investment destination. This strategic partnership reaffirms our commitment to innovation and delivering payment solutions that meet the evolving needs of our customers and empower the end-user with multiple digital payment methods.”