Consumer financing pioneer MID Takseet formed a strategic Partnership with FinTech leader Al Ahly Momkn, a National Bank of Egypt affiliate. This agreement uses Al Ahly Momkn’s broad POS network to offer MID Takseet clients a seamless and innovative payment experience.
This agreement supports MID Takseet’s objective to offer flexible payment plans and financing to its clients and improve its payment services using contemporary technology and Al Ahly Momkn’s wide network.
This network provides secure, easy-to-use digital payment services to over 90,000 businesses in diverse sectors with a monthly transaction volume of over 4 billion Egyptian pounds.
Mahmoud El-Ghawas, CEO of MID Takseet, expressed his pride regarding the partnership with Al Ahly Momkn, stating: “We are excited about this strategic partnership with Al Ahly Momkn, which is part of our strategy to expand our services and provide tailored financing solutions for the retail and consumer goods sector. This partnership will enable our customers to benefit from a wide network of POS systems, enhancing their shopping experience.”
It is important to note that MID Takseet is eager to provide a wide range of financing options for consumer goods as well as other services like home furnishings and renovations through as many major brands and centers as possible.
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These options will enable customers to purchase their necessities with the best possible shopping experience, meeting all of their needs and wants.
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Ahmed Enayet, CEO of Al Ahly Momkn, stated: “We are delighted with our partnership with MID Takseet, especially that this collaboration will allow us to offer more flexible payment options to our customers, enhancing their shopping experience. By integrating MID Takseet’s payment services and financing solutions into our POS devices, we will provide our customers with more options to manage their purchases more effectively.” He added, “This partnership aligns with our commitment to providing comprehensive financial services that meet our customers’ evolving needs.”
About Al Ahly Momkn
Al Ahly Momkn is a rapidly developing Fin-tech firm that is a subsidiary of Al Ahly Capital. Its mission is to promote safe, easy, and seamless payment solutions and financial services for consumers, service providers, and business owners throughout Egypt.
About MID Takseet
MID Takseet, the goal is to provide consumers with non-bank financing that meets their needs with simple terms and procedures. Since they are aware of the financial strain that consumers face, They also want to empower individuals by lowering the cost of the things they buy, enabling them to realize their aspirations.
