Orascom Fintech Klivvr Partners With Visa to Launch App
This agreement will follow a dual-phase plan that will enable Klivvr to be a more innovative, holistic and human-centric financial solution, tailored to both ends of the transaction.
After securing its license from the Central Bank of Egypt, Orascom Financial Holding’s (OFH) subsidiary Dot for Electronic Development and Electronics Payments - operating under Klivvr - is on something of a hot streak, clinching a strategic partnership with Visa that help propel the company to drive financial inclusion in Egypt. Bringing together OFH’s pioneering tech-driven financial services and Visa’s vast global network, this exclusive long-term agreement will follow a dual-phase plan that will enable Klivvr to be a more innovative, holistic and human-centric financial solution, tailored to consumers as well as SMEs and startups.
This endeavor into fintech is in alignment with MENA consumers’ appetite for digital payments over cash. This increased adoption and preference is driven by the demand for more secure, convenient and widely-accepted payment methods—especially with the rise of E-commerce. Commenting on Klivvr’s contribution to the rapid acceleration of digital transformation, Onsi Sawiris, Chairman of Orascom Financial Holding said: “We are revolutionizing the way people and businesses access and manage their day-to-day finances. This partnership with Visa is instrumental in enabling Klivvr to become the partner of choice for customers seeking digital financial tools that align with their fast-paced lives in an ever-changing dynamic landscape.”
This key partnership with the world’s leading digital payment provider, Visa, comes shortly after Klivvr was granted a license from the Central Bank of Egypt, permitting it to launch its platform and issue payment cards as part of their partnership with the Arab African International Bank. Visa will assist Klivvr to launch its digitally enabled financial products in 2022.