Mogo Partners with Geidea to Launch Integrated Consumer Payment Solutions in Egypt
Mogo, a leading provider of consumer finance solutions, announced a strategic partnership with Geidea, one of the largest electronic payment companies in the region. The collaboration aims to integrate advanced point-of-sale (POS) devices and financial services from both companies, offering customers a seamless, secure, and flexible payment experience in the Egyptian market.
The partnership supports Mogo’s strategy to strengthen its position in the consumer finance sector, expand its digital services, and enhance cooperation with leading regional and international fintech companies. The integrated ecosystem will enable merchants to deliver a smooth, end-to-end user experience, combining Geidea’s smart POS capabilities with Mogo’s financing and installment solutions.
Mamdouh El-Ghawass, CEO of Mogo, commented:
"This partnership reflects our vision to empower merchants and individuals with advanced, secure payment solutions, enhancing operational efficiency across the Egyptian market. We are excited to collaborate with Geidea, whose expertise will help improve customer experience and increase flexibility in everyday financial transactions."
Ahmed Magdy, CEO of Geidea’s commercial sector, added:
"This strategic collaboration opens new horizons for the consumer finance industry, providing innovative, flexible solutions to meet evolving customer needs, and empowering merchants and consumers to benefit from enhanced financial flexibility while driving digital transformation in the region."
Geidea is a major regional fintech player, handling over 5 million electronic payment transactions and operating more than 700,000 POS devices, with a 75% market share in Saudi Arabia, serving over 150,000 trusted merchants across multiple sectors. Mogo provides non-banking financial solutions, enabling businesses and consumers to grow, promoting financial inclusion and technological advancement through its app-based financing and installment services.