Banque Misr has signed an MOU with MoneyFellows, which will contribute to the expansion of MoneyFellows, providing more FinTech Services, easing digital payments, and increasing the trust between the users & the application. As an organic result of this new partnership, Banque Misr will be providing MoneyFellows with payment services to develop together new disbursement, collection tools that suit the needs of online money circles’ users. Both parties, according to the signed MOU, will cooperate in exploring and finalizing a framework and a roadmap to digitally serve MoneyFellows’ customers and provide them with digital solutions to grant more convenience and ease, not only in the payment options, but also in the set of digital financial services that will result from such cooperation that include a package of payment and collection products. In the field of payments, Banque Misr provides electronic payments service Which enables the company's customers to pay the amount due electronically with bank cards or mobile wallets via the QR Code.
The signing of this protocol also came from Banque Misr's belief that “technology” today has become the fastest variable among the variables that govern the global economy, and pursuing this tremendous technological development has become a very important matter. Therefore, Banque Misr seeks to localize advanced technological services in its various dealings to ensure it keeps pace with Global development in these areas
MoneyFellows has witnessed a recognizable development over the last 4 years till its base reached more than a million users. The company was recognized by many investors throughout the past years. During which MoneyFellows raised over 6 million dollars. Via MoneyFellows, the user can join the money circle that suits his/her needs, by choosing the desired amount, duration, payout date, and payment method. The company works constantly on providing a variety of other services, through its money circles, to guarantee an integrated financial service to its users.
