SODIC, AAIB Partner to Offer E-Payment Solutions to Clients

SODIC, AAIB Partner to Offer E-Payment Solutions to Clients

Sixth of October Development and Investment Company (SODIC) has signed a partnership agreement with Arab African International Bank (AAIB) to provide customers with e-payment solutions through the developer’s official website, Invest-Gate reports.

Under the deal, AAIB will embed its cutting-edge e-commerce platform so as clients expect a variety of e-payment options on the checkout page for services or products offered by SODIC, according to a December 20 press release.

Services include installments, down payments, home purchase, among others, “ensuring a convenient, safe, and secure payment alternative,” the statement noted.

Commenting on the move, Omar Elhamawy, the company’s CFO, remarked, “The partnership comes as part of SODIC’s digital transformation plans, where we are moving towards digitizing all internal and customer interactions.”

“It also comes in line with our customer-focused strategy to continuously improve on the customers’ experience across all its touchpoints with SODIC,” Elhamawy was quoted as saying.

That is one of the many agreements between the two parties. Last September, SODIC’s subsidiary, Sixth of October Development and Real Estate Projects (SOREL), inked an EGP 2.57 bn medium-term credit facility with AAIB to finance the development of SODIC’s New Cairo project, or “Villette.”


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