FinTech Magazine October 2023 | Page 34

Fawry Egyptian fintech Fawry is a leading digital payments platform in the region . Founded in 2008 , Fawry provides electronic bill payments , mobile top-ups , cash deposits and withdrawals to the consumers it serves . The fintech also has an extensive range of investments , savings , insurance , rewards , loyalty and e-ticketing products . Fawry also serves SMEs , enabling them to accept payments through a range of terminals , be it online , mobile , or point-of-sale ( POS ). The fintech went public in 2019 and has since launched Tamweelak Fawry , a lending platform for SMEs and micro businesses .
Lufax Holding
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Fawry Egyptian fintech Fawry is a leading digital payments platform in the region . Founded in 2008 , Fawry provides electronic bill payments , mobile top-ups , cash deposits and withdrawals to the consumers it serves . The fintech also has an extensive range of investments , savings , insurance , rewards , loyalty and e-ticketing products . Fawry also serves SMEs , enabling them to accept payments through a range of terminals , be it online , mobile , or point-of-sale ( POS ). The fintech went public in 2019 and has since launched Tamweelak Fawry , a lending platform for SMEs and micro businesses .

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Lufax Holding

Another Chinese company , Lufax Holding is a financial services empowering institution for small and micro businesses operating out of China . Associated with Ping An Group , Lufax ’ s mission is to foster small business competitiveness , providing SMEs and individuals with inclusive products and services to help institutional partners reach and serve SBOs efficiently . Today , Lufax is partnered with over 550 financial institutions in China , supporting them through its offline-to-online model by leveraging an extensive nationwide direct sales network .