Fawry, Egypt’s leading fintech company and a key driver of financial technology innovation in Egypt, has announced the launch of a new instant loan installment payment service for Banque Misr customers. The service enables customers to seamlessly pay their monthly loan installments across all loan types through Fawry’s extensive nationwide network and FawryPlus branches, enhancing convenience and improving the overall digital payment experience.
This launch reflects Fawry’s ongoing commitment to advancing digital payment solutions in Egypt, simplifying financial transactions, and supporting financial inclusion across the country.
How Banque Misr Customers Can Pay Loan Installments via Fawry
The new service allows customers to complete their loan installment payments electronically through a simple and secure process within Fawry’s payment network.
Customers begin by selecting the service code BTC 4210 – Banque Misr Loans and Murabaha Payments, then entering their account number. A one-time password (OTP) is sent to the customer’s registered mobile number for verification.
The merchant then enters both the payment amount and the OTP to complete the transaction. Once confirmed, the payment is processed and settled instantly into the customer’s bank account, ensuring a fast and secure digital payment experience.
No Bank Card Required for Instant Loan Payments
One of the key advantages of the new service is that customers can now settle their loan installments without using a bank card. The transaction amount is credited instantly to the customer’s account upon completion, making the process faster and more efficient.
This innovation enhances the user experience by offering multiple payment channels through Fawry’s nationwide network of digital payment points, reducing both time and effort required for loan repayment.
Strengthening Financial Inclusion and Egypt’s Digital Payments Ecosystem
This initiative marks the first collaboration of its kind between Fawry and an Egyptian bank in the area of instant loan installment payments, highlighting the growing integration between fintech and traditional banking in Egypt.
It also reflects Fawry’s strategy to expand its portfolio of digital financial services in Egypt, strengthen partnerships with banking institutions, and contribute to the ongoing development of the country’s digital payments ecosystem.
About Fawry (SEO Keywords: Fawry Egypt, fintech company in Egypt, digital payments Egypt)
Founded in 2008, Fawry is Egypt’s leading fintech company serving both banked and unbanked populations. The company provides a wide range of digital financial services, including electronic bill payments, mobile top-ups, e-ticketing, and other value-added services.
Through its robust platform, Fawry enables corporates and SMEs to accept electronic payments via websites, mobile applications, and point-of-sale (POS) systems across Egypt.
Fawry serves approximately 54.8 million users monthly, processing more than 6 million transactions daily through a network of around 377,000 agents and partnerships with 36 banks.
