EGYPT – Geidea, an e-payments and fintech company, has partnered with the digital financial services platform MOXEY to standardize digital payments for merchants in mobility and freight sector.
The partnership enables MOXEY merchants network with a suite of payment solutions with Geidea’s innovative acceptance solutions, making it possible for MSMEs to accept any digital payment, including credit and debit cards through Geidea’s POS, contactless technologies, and QR codes.
“We are delighted to partner with MOXEY to develop integrated digital payment solutions for land freight merchants and power MOXEY’s vision to increase financial inclusion,” Ahmed Nader, general manager at Geidea Egypt said.
The partnership allows merchants to build better credit profiles and access new funding opportunities by making it possible for MSMEs to accept payments through formal digital channels.
“By widening access to digital payments across multiple platforms, we can serve the underserved and enable MSMEs to participate in the digital economy,” Sherif Mohsen, Co-founder & Chief Operating Officer, MOXEY said.
“It’s both good for economic development, job creation, and the realization of many United Nations Sustainable Development Goals (UNSDGs).
“The provision of digital channels also creates new opportunities to enhance engagement between merchants and beneficiaries through the creation of loyalty schemes, offers, and discounts for MOXEY end users.”
Ahmed Magdy, Senior Commercial Director at Geidea Egypt said that MOXEY’s comprehensive suite of digital solutions and now with their partnership will give MSMEs and underbanked entrepreneurs access to some of the best financial technologies.
“We are delighted that by digitizing the payments ecosystem and stepping towards a NEO bank for the mobility sector, Geidea and MOXEY are achieving some of the core financial inclusion objectives laid out by central banks across the region,” he said.
Geidea partners GrubTech
GrubTech, the UAE’s cloud kitchens and restaurants tech solutions provider, signed an agreement with Geidea to provide its services for the PoSs of GrubTech’s clients.
This cooperation will add value and new merits for GrubTech’s clients in the Egyptian market.
Founded in 2019, GrubTech is a platform that provides tech solutions to manage cloud kitchens and restaurants in a way that enables them to automate their businesses and manage the food delivery process online.
Geidea is currently the most favoured choice for merchants in the Egyptian market who seek e-payment solutions. Geidea is providing integrated services that qualify it to acquire a significant market share of the e-payments industry in Egypt.
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