New payout option by “MoneyFellows” to ‘spend in stores’ in partnership with waffara.“MoneyFellows”, the pioneer platform specialized in providing periodic savings and credit services, concludes the partnership agreement with “Waffarha”- which specializes in providing exclusive offers and discounts for online purchases and enable payment solutions via electronic vouchers-, in order to subsidize change to grant the customers with a distinctive service that enhances the module of the electronic Gam’eya, and support the e-shopping sector and provide users with a trusted and swift buying experience.
According to this new cooperation, “MoneyFellows” provides its customers with a new “Spend in Store” feature that enables users to purchase various products using their Gam’eya Payout from mega stores and trade agencies in Egypt such as “Tradeline”, “Ghataty”, “Raneen” stores and “B.Tech” in partnership with “Waffarha”.
“The partnership with “Waffarha” is a proactive step that leverages our strategy to make the financial services that “MoneyFellows” provides easy and unique in a way that enables our users to actively achieve their goals through the Gam’eya module. We offer our customers the opportunity to purchase what they need via Spending in Stores using their payouts.” Ahmed Wadi, CEO of MoneyFellows.
“We are so proud with the expansion of our customer base who have entrusted us so far, and we consider them the most important win. Accordingly, we are working hard to meet their demands and expectations, their needs are what paved the way to initiate this partnership with “Waffarha”, and together we are responsible for providing everything in a swift and modern way to meet our customers’ expectations which coincides with the company objectives to provide a state-of-the-art financial service that contributes to the financial inclusion strategy and supports the concept of non-monetary economy, which will facilitate purchases and accelerate the economic-growth cycle”. Wadi added.
“We are pleased to cooperate with “MoneyFellows” as it is the first platform that proves the success of the idea of the digital Gam’eya and the only platform that provides online saving programs, as for “Waffarha” we always seek to provide the best offers on products and services to our customers and loyalty programs for companies. We work to validate and reassure the users’ trust in the concept of e-commerce and their reliance on e-shopping nowadays “. said by Tarek Magdy, CEO and Founder of “Waffarha”.
Moreover, “MoneyFellows” has witnessed a significant growth in the recent period, reaching 100% of its gross user base, as the number of users of the platform have reached one Million users, after it was 500,000 users in October 2020, which it considers a grand achievement for the platform’s performance in Egypt. “MoneyFellows” is currently working to expand its business in Egypt and abroad, and will be pumping new investments during the coming period.
“Waffarha” is an e-shopping platform that was established 9 years ago, that concludes deals with merchants (Electronic and Appliance stores, Food and Beverages and various Entertainment venues). Through these deals, the platform obtains discounts up to 50% on all services, and currently the platform is working with more than 1,000 merchant nationwide with covering over 3,000 branch, and recently provides loyalty and payment programs and services for the business sector, and it is the only company that offers selling discount coupons online covering various sectors in Egypt, without subscription fees to customers.