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Thndr Claps » EGY Claps » Financial Services 💸 » EFG subsidiary signs agreement with Bee & Masary🤝

EFG subsidiary signs agreement with Bee & Masary🤝

by Shams Abbas
October 26, 2022

The Clap
EFG Hermes’ (HRHO) microfinance arm Tanmeyah has signed an agreement with “Bee” & “Masary”, two digital payments service providers.

Deets
The agreement will allow Tanmeyah’s clients to pay their dues digitally rather than physically.

You should know
Two EGX-listed companies, MM Group (MTIE) & B Investments (BINV) own stakes in “Ebtikar”, which owns stakes in both Bee & Masary.

Why this matters
Tanmeyah is looking to provide diversified solutions to its client base, which is now some 400k clients.

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