Fawry Launches Egypt Air & Smart Aviation Tickets Via Its Network

Fawry Electronic Bill Service has launched booking airline tickets services to Egypt Air and Smart Aviation Company which affiliates to Egypt Air in the beginning of this June.

Eng. Ashraf Sabry, CEO of Fawry, said Fawry has implemented ticket operations for Smart Aviation and Egypt Air in addition, Air Arabia, asserting that Fawry focuses on ticket services.

Sabry added to Amwal Al Ghad that Fawry will activate booking services for buses in cooperation with ‘joe bus’ company, noting that negotiations are still with West and East Delta to allow booking and electronic payment services in order to book traveling tickets.

The volume of transactions and e-payment via Fawry are about EGP 330 million monthly within the first half of this year.

Sabry added that the number of payment points affiliated to the company reached about 32.000 points across the country, asserting that it eyes to increase the provide services via its network and amend the technological infrastructure.

Sabry has emphasized that Fawry is currently aiming to expand its points now so as to reach 50.000 points by the end of this year depending on International Finance Cooperation (IFC) worth $ 6 million that have been pumped in the company in the beginning of 2013.

IFC has pumped $ 6 million in the earlier of this year to invest in Fawry in Egypt capturing IFC’s share estimated at 18% of the company’s share.

Fawry began work paid up capital of EGP $ 77 million 75% of which is owned by institutions and Egyptian banks such as Amlak Finance and the Bank of Alexandria ,the Development Fund for Information Technology ,Arab African International Bank ,Raya Holding and HSBC and the rate cash reached  EGP 87 million beginning of 2012.

The company launched in December 2009 with the approval of the Central Bank of Egypt (CBE), Fawry makes the Egyptian to receive their bills in comfortable way and paying securely through more than 25.000 payment point, Fawry is available in banks such as banks’ branches, Automated Teller Machine (ATM), Electronic Banking, the retailers which are bearing clear markers as well as post offices.