Aman e-payment company aims to provide financing to traders, in coordination with the Aman Micro and Small Enterprises Company, next year. The company also plans to boost the number of transactions to 1m by the end of 2019 up from the current 600,000. The company is realising collections worth EGP 300m per month.
CEO of the company, Mohamed Wahby, told Daily News Egypt that they expect to reach 1m transactions per day, through Aman’s network by the end of next year, after increasing the company’s points of sale (POS).
He added that the company witnesses 600,000 transactions through its 30,000 POS now.
They aim to reach 50,000 POS next year and attract 20,000 new POS in 27 governorates, Wahby added.
He revealed that the company is considering unlocking funding for the traders it deals with next year, in cooperation with Aman Micro and Small Enterprises, which would benefit traders.
The company has achieved a great spread in terms of outlets in the electronic payment market, having been able to reach 30,000 POS in two years, which is the fastest spread for any e-payment company in Egypt, indicated Aman’s CEO.
He added that monthly collections from the outlets amount to EGP 300m, expecting the figure to increase in the coming period.
Moreover, Wahby explained that Aman is now offering 65 services, which account for 90% of the monthly and daily services needed by Egyptians, such as paying electricity, water, phone, and mobile bills.
Aman’s e-payment plays a role in line with the state’s vision to achieve financial inclusion and transformation into a cashless society, given that e-services enables customers to use services from anywhere and in a short time, declared Wahby.
He pointed out that the National Council for Electronic Payments played a big role in supporting electronic payment companies and the whole system, and it contributes to the digital transformation.
Furthermore, Aman has provided an app for traders to help them provide high-quality services, he announced.
Wahby mentioned that the company seeks to expand in the coming period with an increased number of services provided through its electronic platform, and branches in all governorates, to meet the needs of customers, and add more merchants who accept electronic payments through POS, in addition to new partnerships with the business and banking community.
Raya Holding for Financial Investments owns three subsidiaries that offer financial services, instalment, and SMEs funding: Aman e-payment, Aman Financial Services, and Aman Micro and Small Enterprises.
Aman Financial Services presently has 160 branches, and plans to reach 230 branches by the end of the current year, while Aman Micro and Small Enterprises has 13 offices.