By Ahmed Allam
Cairo – Mubasher: Juhayna Food Industries plans to invest EGP 15 million in developing an electronic payments network in coordination with Fawry, said Juhayna's CEO Seif El Din Thabet.
Fawry is a market-leading electronic payment platform, founded in 2008 and providing financial services to consumers and businesses all over Egypt, according to Fawry official website.
E-pay minimizes the risks associated with cash receipt collection and also saves time for retailers and sales representatives, Thabet added on the sidelines of the cooperation agreement with Fawry.
Egypt’s dairy producer earned EGP 80.4 million in the first quarter of 2016, up 23.4% from EGP 65.2 million for the year-ago quarter.
