Taysir, NileIT in mobile payment solutions deal
Cairo, August 6, 2014
Taysir Holding and NileIT have signed a deal to offer mobile payment solutions within Egypt and various foreign markets.
The strategic partnership will support Taysir Holding’s mission o introduce the Mobile Payment Solutions to financial institutions worldwide, said a statement.
Monique Klaui, CEO of Taysir, said: “It is a perfect time for mobile payments technology to start gaining traction in Egypt. The solutions we will be providing through NileITís efforts will be a firm step in this direction.”
Mobile transactions have been one of the most active segments in the electronic payments industry. Merchants, acquirers, issuers, service providers and card brands have all seen exceptional growth in mobile sales and are currently making great efforts towards meeting consumer demand, enhancing user experience, addressing security concerns and increasing revenues, he said.
Mohammed Omar, GM of NileIT, said: “Partnering with Taysir Holding is an excellent opportunity to introduce these advanced mobile payment solutions to the domestic and regional market. We are confident that those solutions will meet the growing need for mobile payment and contribute to this demanding business growth.”
With the Mobile Payment Solutions provided through Taysir, the new deal will enable NileIT to continue its initiative to provide secure solutions and services which support growth within the Egyptian economy, he added. - TradeArabia News Service