Banque Misr and MaxAB Payments, a subsidiary of MaxAB Digital Solutions, signed a cooperation protocol to provide financial and non-financial solutions to MaxAB’s clients of micro and small enterprises.
The protocol was signed by Amr Demerdash, Head of the SMEs, Microfinance, and Islamic Finance Sector at Banque Misr; Ihab Dorra, Head of Retail Banking and Branches Sector at Banque Misr; and Belal El-Megharbel, CEO and founding partner of MaxAB, in the presence of a number of the bank and company leaders.
“The cooperation protocol with Banque Misr aligns with the company’s strategy to support its merchant partners in developing the volume of their business by providing them with non-traditional financial and banking solutions through Banque Misr. This step is a new beginning to achieve a larger goal, which is to help merchants grow their businesses.” Belal El-Megharbel, CEO and founding partner of MaxAB, said.
“The partnership with Banque Misr gives us a new advantage, as MaxAB Payments Company receives financial transfers from various electronic wallets quickly and safely, which helps merchants to obtain cash easier, which, in turn, leads to an acceleration of the capital cycle and thus the growth of the volume of operations. The partnership with Banque Misr is in line with the company’s policy of supporting the country’s continuous efforts in the field of digital transformation, which leads to a major transformation in the lives of merchants by using innovative technological solutions.”, he added.
