Raya Holding for Technology and Communications announced the effective launch of Aman for electronic payments (e-payments) all over Egypt, according to a press release issued on Tuesday by Raya. "Aman" is a subsidiary of Raya Holding for Financial Investments. The new service will gradually spread at a fast pace within five years through the presence of nearly 70,000 electronic payment machines in all Egyptian governorates to serve the company's customers, the press release stated. CEO of Aman, Mohamed Wahby, said that his company will adopt innovative ways in offering its services depending on Raya's infrastructure with the latest technical standards used by global companies, and Raya's experience in the field of electronic payments of more than 10 years. "We will work to meet the needs of all customers and enable them to carry out their financial transactions through our presence in outlets all over Egypt, mobile applications, and the internet," Wahby stressed. Wahby added that Aman is a large part of an ambitious strategy to improve financial inclusion in the economy to achieve economic and social stability in Egypt. The company also aims to contribute to the creation of a cashless society, he added. "Not only do we aim to deal with individuals, but also with the governmental sector, like ministries, banks, and companies, in order to ensure a quick collection of the state's dues," Wahby stressed. Raya is one of the largest economic entities in the region, with more than 10 different companies working in several activities including information technology, smart buildings, communication centers, electronic devices, food industries and transportation. The company has been present in Egypt's stock exchange since 2005 with more than 75,000 employees in its offices in Arab region.
