परिचय
Fawry is a payment aggregator with two main lines of business: payment services for merchants and bill payment collection. An aggregator connects a seller to several payment channels under one contract, so the business does not have to deal with each bank separately.
Services
- Merchant payments — accepting payments for goods and services from the company's customers.
- Bill payments — collecting payments against issued bills, which is useful for providers with recurring charges: telecoms, utilities, subscriptions, education.
Bill collection is especially handy when the customer pays not at the moment of purchase but later, after a notice or invoice.
What to clarify
The listing does not state countries of operation, the list of methods, fees or settlement times. Before onboarding, ask:
- in which countries and currencies acceptance is available;
- which payment channels your customers will get;
- pricing and the settlement schedule.
Who it suits
Companies that bill their customers and want to collect payments centrally, and merchants that prefer one aggregator over several separate contracts.
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