Etisalat Egypt, in collaboration with Banque Misr, has unveiled a new joint e-payment venture named ‘SuperPay’, which is set to make waves in the Egyptian market.
The CEO of this newly established electronic payments company, Tarek Nagy, revealed that the company boasts a capital of EGP 500 million ($161,999). He further emphasized the company's ambition to secure a 10% market share.
Akef Al-Maghrabi, the deputy chairman of Banque Misr, highlighted that the bank had approximatelly 5000,000 POS electronic payment machines as of June 2023. He also underscored their numerous partnerships with international firms aimed at streamlining the payment systems across various sectors. He added that the customer base for collection services saw an impressive 100% growth. Additionally, the transaction volume through the electronic payment portal doubled during the first half of 2023 when compared to the corresponding period in 2022.
Hazem Metwally, CEO of Etisalat Egypt by e& said, “We have always been early adopters and change-makers, following our curiosity to connect the seemingly unconnected and make these connections accessible to people, enriching their everyday lives. Today, this mission holds truer than ever before.”