Banque Misr & Amazon Payment Services partners with EGYPTAIR to enable Streamline Payments for all Travellers – Fintech News Egypt

Banque Misr, Amazon Payment Services, and EGYPTAIR Forge Strategic Partnership to Elevate Online Payment Experience

Cairo, Egypt — October 2024: Banque Misr, the market leader in payment acquiring in Egypt, and Amazon Payment Services, a regional leader in digital payments across the Middle East and North Africa (MENA), have announced a strategic collaboration with EGYPTAIR, Egypt’s national carrier. The partnership is set to revolutionize the online payment experience for domestic and international travellers, enhancing the booking and payment process for EGYPTAIR customers.

This partnership brings together EGYPTAIR’s extensive travel offerings with Amazon Payment Services’ advanced online payment processing solutions, supported by Banque Misr’s comprehensive digital payment infrastructure. The collaboration aims to streamline online transactions, making it easier, more secure, and more convenient for customers to book flights and pay online. Travellers across the MENA region will benefit from a seamless and trusted payment experience as they access a variety of payment methods.

A key feature of this partnership is the integration of Amazon Payment Services’ instalments option, which will allow EGYPTAIR customers to pay for tickets in smaller, manageable amounts. This flexible payment plan aligns with the evolving preferences of modern consumers, providing them with greater financial ease and accessibility.

Banque Misr’s Leadership in Digital Transformation

Hossam Abdel Wahab, Deputy CEO of Banque Misr, highlighted the importance of this collaboration: “Banque Misr is pleased to partner with renowned companies like EGYPTAIR and Amazon Payment Services, as part of our strategy to drive the future of digital payments. We are committed to integrating advanced technological solutions across all our services, ensuring we stay at the forefront of Egypt’s banking sector. This collaboration is another step toward supporting the nation’s shift from a cash-based economy to a cashless society.”

Banque Misr continues to focus on expanding its digital payment services to meet the diverse needs of the Egyptian population. The bank is a key player in Egypt’s digital transformation plan and is actively supporting financial inclusion efforts, encouraging more people to adopt digital payment methods.

Amazon Payment Services Brings Innovative Solutions

Peter George, Managing Director of Amazon Payment Services, expressed his enthusiasm for the partnership: “We are proud to embark on this exciting journey with EGYPTAIR, with the support of Banque Misr. Through this collaboration, we are able to leverage our advanced technology and payment solutions to deliver a secure and seamless online payment experience for EGYPTAIR customers across multiple countries in MENA. Our goal is to empower businesses and travellers alike with convenient and flexible payment options, such as instalments.”

Amazon Payment Services continues to play a significant role in Egypt’s growing digital economy and financial sector by partnering with leading industry players. The company’s online payment services currently support over 4,000 merchants and businesses across MENA, including the United Arab Emirates, Saudi Arabia, Egypt, Jordan, and other key markets.

EGYPTAIR’s Vision for Modernization

Amr Adawy, VP of Commercial at EGYPTAIR Airlines, emphasized the airline’s commitment to innovation: “This partnership with Amazon Payment Services and Banque Misr marks a significant milestone in EGYPTAIR’s 92-year history. It aligns with our long-term modernization strategy, which focuses on leveraging technology to enhance the customer experience. By integrating Amazon Payment Services’ capabilities, we are not just solving problems but driving innovation to serve our customers better every day.”

EGYPTAIR’s extensive network spans over 80 domestic and international destinations, supported by a modern fleet of aircraft. The airline is dedicated to providing distinguished services that make the travel experience more luxurious and enjoyable for its passengers.

Empowering Egypt’s Digital Economy

As Egypt continues to push forward its digital transformation agenda, collaborations like this highlight the importance of leveraging technology to enhance service delivery and improve customer satisfaction. With the combined strengths of Banque Misr, Amazon Payment Services, and EGYPTAIR, this strategic partnership is poised to set new benchmarks for online payment solutions in the region.

This collaboration reaffirms all parties’ commitment to driving financial innovation and supporting Egypt’s digital economy, ensuring that customers enjoy a superior and secure travel experience with greater financial flexibility.


    Share:

Leave a Reply

*