Etisalat and Egypt’s Second Largest Bank Back SuperPay FinTech

Banque Misr, one of Egypt’s largest banks and a leader in electronic payment solutions, has partnered with Etisalat Misr to introduce SuperPay, an advanced electronic payment technology company. This collaboration between Banque Misr, a prominent financial institution, and Etisalat, a telecommunications giant, marks a significant milestone in Egypt’s journey towards enhancing its financial technology landscape.

Akef Al-Maghrabi, Vice President of Banque Misr, emphasized the bank’s unwavering commitment to the FinTech sector. They have diligently followed government directives to promote payment automation and encourage the shift towards a cashless society. As of mid-2023, Banque Misr has successfully deployed over 500,000 electronic payment machines across Egypt, showcasing their dedication to advancing technology in the financial sector.

Furthermore, Al-Maghrabi emphasized the remarkable surge in the quantity of collection contractor clients and the scale of transactions processed via their online payment gateway. In the initial half of 2023, these statistics had surged by an astonishing 100% when compared to the corresponding period in 2022. The bank had additionally established various key collaborations with leading global industry leaders, streamlining payment systems across a wide range of sectors, such as transportation, aviation, real estate development, retail sales, and insurance.