Egypt, Elsewedy review progress on Ain Sokhna phosphate complex    US employment cost index 3.6% up in year to June 2025    Egypt welcomes Canada, Malta's decision to recognise Palestinian state    Pakistan says successfully concluded 'landmark trade deal' with US    Sterling set for sharpest monthly drop since 2022    Egypt, Brazil sign deal to boost pharmaceutical cooperation    Modon Holding posts AED 2.1bn net profit in H1 2025    Egypt's Electricity Ministry says new power cable for Giza area operational    Egypt's Al-Sisi, Italian defence minister discuss Gaza, security cooperation    Egypt's FM discusses Gaza, Nile dam with US senators    Aid airdrops intensify as famine deepens in Gaza amid mounting international criticism    Egypt exports first high-tech potato seeds to Uzbekistan after opening market    Health minister showcases AI's impact on healthcare at Huawei Cloud Summit    On anti-trafficking day, Egypt's PM calls fight a 'moral and humanitarian duty'    Egypt strengthens healthcare partnerships to enhance maternity, multiple sclerosis, and stroke care    Egypt keeps Gaza aid flowing, total tops 533,000 tons: minister    Indian Embassy to launch cultural festival in Assiut, film fest in Cairo    Egyptian aid convoy heads toward Gaza as humanitarian crisis deepens    Culture minister launches national plan to revive film industry, modernise cinematic assets    I won't trade my identity to please market: Douzi    Sisi sends letter to Nigerian president affirming strategic ties    Two militants killed in foiled plot to revive 'Hasm' operations: Interior ministry    Egypt, Somalia discuss closer environmental cooperation    Egypt's EHA, Huawei discuss enhanced digital health    Foreign, housing ministers discuss Egypt's role in African development push    Egypt reveals heritage e-training portal    Three ancient rock-cut tombs discovered in Aswan    Sisi launches new support initiative for families of war, terrorism victims    Egypt expands e-ticketing to 110 heritage sites, adds self-service kiosks at Saqqara    Egypt's Irrigation Minister urges scientific cooperation to tackle water scarcity    Palm Hills Squash Open debuts with 48 international stars, $250,000 prize pool    On Sport to broadcast Pan Arab Golf Championship for Juniors and Ladies in Egypt    Golf Festival in Cairo to mark Arab Golf Federation's 50th anniversary    Germany among EU's priciest labour markets – official data    Paris Olympic gold '24 medals hit record value    A minute of silence for Egyptian sports    Russia says it's in sync with US, China, Pakistan on Taliban    It's a bit frustrating to draw at home: Real Madrid keeper after Villarreal game    Shoukry reviews with Guterres Egypt's efforts to achieve SDGs, promote human rights    Sudan says countries must cooperate on vaccines    Johnson & Johnson: Second shot boosts antibodies and protection against COVID-19    Egypt to tax bloggers, YouTubers    Egypt's FM asserts importance of stability in Libya, holding elections as scheduled    We mustn't lose touch: Muller after Bayern win in Bundesliga    Egypt records 36 new deaths from Covid-19, highest since mid June    Egypt sells $3 bln US-dollar dominated eurobonds    Gamal Hanafy's ceramic exhibition at Gezira Arts Centre is a must go    Italian Institute Director Davide Scalmani presents activities of the Cairo Institute for ITALIANA.IT platform    







Thank you for reporting!
This image will be automatically disabled when it gets reported by several people.



Contact Financial Holding Recognized as a top FinTech firm in the Middle East
Published in Daily News Egypt on 08 - 04 - 2024

Contact Financial Holding has achieved a significant milestone by being named among the " The Middle East's Fintech 50″ by Forbes Middle East Magazine. This recognition highlights the company's prominent role in providing innovative and unconventional consumer and corporate finance solutions.
Since its establishment in 2001, Contact Financial Holding has become a leader in the Egyptian market. Its branch network has grown to include 75 branches and 13 points of sale, expanding its reach to a wider customer base. The company's commitment to innovation is evident in the launch of the ContactNow mobile application. This AI-powered app allows for instant credit approvals and efficient financial transactions. By the end of December 2023, the number of registered users surpassed 600,000, with a surge of 296,000 new users in 2023 alone. The app has also received over 271,000 applications for instant funding, reflecting the strong trust it enjoys among customers.
Contact Financial Holding also established "Contact Pay," the electronic payments arm operating under its umbrella. Contact Pay is a pioneer in delivering cutting-edge digital payment solutions, showcasing Contact's dedication to innovation and enhancing financial services. This initiative aligns with Contact's vision to become the premier provider of innovative digital financial services. The company is steadfast in its pursuit to offer seamless and secure payment experiences, effectively rendering cash and physical cards obsolete, and propelling financial transactions towards a fully integrated digital future.
Commenting on the news, Mr. Said Zater, CEO of Contact Financial Holding, said, "Innovation is at the core of our success, and a commitment to excellence defines our company. Being ranked among the top 50 fintech companies in the Middle East for 2024 is not just an achievement, it's a testament to the trust of our customers and the dedication of our team. We are building the future of fintech, and every step we take brings us closer to achieving our vision of empowering individuals and businesses through innovative and reliable financial solutions."
This recognition by Forbes Middle East is not the first for Contact. For two consecutive years, Contact has been ranked among the 50 listed companies in the Egyptian Stock Exchange. Additionally, Contact was honored as a sustainability leader in the Middle East, and Mr. Said Zater, CEO, was recognized as one of the best CEOs in the Middle East for 2023.


Clic here to read the story from its source.