Cairo, Egypt – In a significant move to drive digital transformation in the Egyptian insurance sector, Al Ahly Momkn has signed a strategic partnership agreement with Al Mohandes Insurance Company. The partnership aims to enhance electronic payment services, offering a seamless and secure payment experience for insurance clients across the country.
Under the agreement, clients of Al Mohandes Insurance, both institutional and individual, will now be able to pay their insurance premiums and other services through Al Ahly Momkn’s advanced payment devices. This initiative aligns with Egypt’s broader vision to transition towards a cashless economy and promote digital financial inclusion.
“We are proud of this strategic partnership with Al Mohandes Insurance Company, which reinforces our commitment to advancing digital transformation and delivering innovative payment solutions to meet the needs of the Egyptian market,” said Mahab Gamal, Deputy CEO and Head of Business Development at Al Ahly Momkn.
He further highlighted that the collaboration will introduce multiple secure payment channels, simplifying the payment and collection of insurance premiums. Plans are underway to enable premium payments via the Al Ahly Momkn application, enhancing the digital experience for users.
Khaled Abdel Sadek, CEO of Al Mohandes Insurance, described the partnership as a pivotal step towards enriching the company’s offerings. “This cooperation reflects our dedication to providing innovative and user-friendly payment methods, aligning with our vision of delivering comprehensive and customer-centric insurance solutions,” he said.
Adding to this, Hamdy Gad, Senior Business Development Manager for the Non-Banking Financial Services Sector at Al Ahly Momkn, emphasized the broader implications of the collaboration. “This partnership signifies a qualitative shift in the insurance sector’s payment services, supporting the Egyptian economy and aligning with the state’s 2030 sustainable development goals,” he stated. Gad also noted the role of the initiative in enhancing operational efficiency, reducing costs, and building a robust customer database for tailored services.
Al Ahly Momkn, backed by the National Bank of Egypt, is a leading player in electronic payment services, offering a range of secure platforms and solutions to facilitate digital payments. The company is committed to supporting businesses and individuals in adopting digital payment methods, thereby accelerating Egypt’s transition to a cashless society.
Al Mohandes Insurance, established in 1980, is a pioneer in the Egyptian insurance market, offering a diverse portfolio of life, property, and liability insurance solutions. The company continues to innovate and align its services with global trends, reflecting its dedication to supporting the national economy and improving customer satisfaction.
This partnership underscores the shared commitment of both companies to advancing digital transformation in the insurance sector and contributing to Egypt’s economic development goals.
