Banque Misr Signs a Cooperation Protocol with Opay to Provide SMEs With Financial and Non-Financial Solutions and Products
Banque Misr and OPay sign a cooperation protocol in the presence of a group of leaders from both sides. The marketing protocol aims at launching a joint initiative to provide SMEs clients of both entities with financial solutions and products through Banque Misr, while providing non-financial services and solutions through Opay. The initiative will be an attractive offer that includes solutions and products that fulfill the needs of this category. Through this protocol, Banque Misr will offer funding options for Opay SMEs customers according to the bank’s terms and policies. Accordingly, Opay will provide the application link for Banque Misr financing products for SMEs and the E-Express loan on the company's online platform.
Opay is one of the leading companies in the field of electronic payment services, software design, database, and information systems creation. The company is working towards developing and expanding the scope of its financial and digital services among companies through directly linking merchants and SMEs with suppliers through their platform, with the aim of offering an inclusive service along with providing an electronic payment mechanism.
It is worth mentioning that Opay successfully launched its services in the Egyptian market in a very short time and managed to gain the trust of thousands of merchants in all the Egyptian governorates, who are now within the company's digital payments network. That is in addition to many partnerships, the most important of which is the strategic partnership with Banque Misr to support the Egyptian market with digital solutions. Banque Misr is paying a lot of attention to the customers of SMEs. This comes in conjunction with the Central Bank of Egypt’s directions and the state’s efforts supporting and developing this sector to improve the economy indicators, increase the economic development rates, support local products and reduce the import bill.
Signing this protocol comes within the framework of Banque Misr's strategy to support and develop SMEs considering the bank’s experience in this field and its role as one of the leading institutions in financing SMEs. Being one of the pillars of the national economy, Banque Misr is keen to provide a variety of credit products that are tailored to fulfill the needs of projects of all sizes. The bank also signs many initiatives and protocols to expand financing these projects, as well as providing technical, financial, and other advisory services. Banque Misr strives to maintain its long history of success through actively developing its unique services, something that reflects the bank’s commitment to the sustainable development and prosperity of Egypt.
