Fawry Introduces Apple Pay: A New Era of Contactless Payments in Egypt
Cairo — Fawry, recognized as Egypt’s leading fintech company, has announced an exciting collaboration with Banque Misr to introduce Apple Pay to its customers. This innovative payment solution offers a more secure, private way to handle transactions, minimizing the need for physical cash, card exchanges, and button pressing. With Apple Pay, transactions utilize the advanced technology of the iPhone, ensuring that every payment is safeguarded.
Simplified Contactless Payments
Using Apple Pay is straightforward. Customers merely hold their iPhone or Apple Watch near a compatible payment terminal to make contactless payments. Each transaction is fortified with layers of security, including Face ID, Touch ID, or a device passcode, in addition to a unique, one-time dynamic security code. This functionality ensures that Apple Pay is widely accepted across various sectors, such as grocery stores, pharmacies, taxis, restaurants, and retail outlets.
Enhancing Online and In-App Purchases
Beyond in-person transactions, Apple Pay offers a seamless payment experience on iPhones, iPads, and Macs. Users can make quick purchases in apps or browse Safari without the hassle of creating accounts or repeatedly entering shipping and billing details. This feature significantly bolsters the convenience of handling payments for food deliveries, online shopping, transportation, and more. The ability to use Apple Pay through apps on the Apple Watch further streamlines the payment process.
Strong Security Framework
When it comes to security, Apple Pay is designed with user safety in mind. Unlike traditional methods, actual credit or debit card numbers are not stored on devices or Apple’s servers. Instead, Apple Pay assigns a unique Device Account Number that is encrypted and securely kept in the Secure Element—a certified chip specifically engineered to protect payment information.
Effortless Setup Process
Setting up Apple Pay is a quick and hassle-free experience. Users can easily add their myfawry yellowcard by opening the Wallet app on their iPhone, tapping the “+” icon, and following straightforward instructions. Once a card is added, it can be utilized on the iPhone, Apple Watch, iPad, and Mac immediately. Users can continue to enjoy all the rewards and benefits associated with their myfawry yellowcard.
About Fawry: Pioneering Digital Payments in Egypt
Established in 2008, Fawry stands out as a mainstay in Egypt’s fintech landscape, catering to both banked and unbanked populations. The company’s primary services revolve around electronic bill payments, mobile top-ups, and various digital service offerings like E-ticketing and cable TV. Fawry empowers corporations and small to medium enterprises (SMEs) by facilitating electronic payments through a variety of platforms, including mobile phones and point-of-sale systems.
With a robust network that includes 36 member banks, Fawry processes over 6 million transactions daily and caters to an impressive 54.1 million users each month. This extensive reach highlights Fawry’s commitment to enhancing electronic payment solutions for all Egyptians.
For detailed information on Apple Pay and its functionalities, customers are encouraged to visit the relevant platforms associated with Fawry. This recent development marks a significant leap toward transforming how Egyptians handle their transactions—an essential step in the growth of digital payment solutions in the country.
