Egypt’s start-up for payments to improve e-payment services and combine digital payment solutions from both Fawry and Classera Cpay, Fawry has teamed with Classera, a provider of distance learning technologies.
Fawry will offer Classera consumers complete technological solutions and integrated digital payment services as part of the arrangement. The myfawry app, the 300,000+ Fawry POS devices, and the numerous FawryPlus branches are just a few of the channels used to do this.
In view of Egypt’s Vision 2030 and the objectives of the Central Bank of Egypt, the collaboration also emphasizes Fawry’s support for financial inclusion and digital transformation approaches.
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Fawry and Classera collaboration
Fawry’s chief commercial officer, Hossam Ezz, stated: “We are constantly looking for collaborations with significant, industry-leading universities, and Classera is one of these organizations.”
To improve digital payment solutions in the area of educational technology, we will collaborate to integrate our services. In order to expedite the payment of fees, we will offer students the most up-to-date integrated financial technologies through our channels during this cooperation.
Ezzy called this a terrific addition to Fawry and the start of more growth in this industry.
Classera CEO Eng. Mohammed Al-Madani said, “As we just completed one of the largest funding rounds a company with no prior funding has done in the edtech industry, we are taking the e-learning experience to new levels with our Learning Super Platform LSP.”
“We are thrilled to deepen our relationship with Fawry, a leader in digital transformation and the cashless community, and accept electronic payments in Egypt to digitize the learning experience and expand electronic payment acceptance to bring the next generation of seamless e-learning.”
According to Ahmed Fahmy, commercial director for Fawry, “We are happy to join with Classera to create e-payment services in educational technology and to give students and trainees an easy and completely safe payment experience.”
“Fawry looks forward to establishing new connections in a variety of industries with the aim of expanding our customer base, finding successful business partners, and assisting the national trends toward financial inclusion and digital transformation.”
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More about Fawry and Classera
Over the past decade, Egypt’s premier digital transformation and fintech platform, Fawry for Banking Technology and Electronic Payments S.A.E. has transformed Omni channel payment in Africa and the Middle East. Fawry offers over 1,186 financial services to consumers and businesses at over 225 thousand locations across many channels (online, using ATMs, mobile wallets, and retail points).
29.3 million Egyptians use Fawry. From 3.06 million operations per day, Fawry’s transaction volume has grown to 81 billion EGP in less than 11 years.
Classera specializes in creative e-learning solutions. The company’s LSP is a fully integrated eco-system that consists of an augmented reality learning app called “C-Reality,” a full ERP for educational institutions called “C-Smarter,” an integrated e-payment gateway called “C-Pay” for pocket money, tuition payments, and financing, and a specialized educational marketplace for Edtech and educational supplies called “Edumalls.” San Francisco is where it was founded in 2011.