Taly has launched a new digital payment solution in Egypt using BPC’s SmartVista Platform, the company has announced.
Among its features businesses and merchants will be to manage, control, and settle payments instantly via the digital platform. In addition, banks and financial institutions will have the tools to manage their buy-now-pay-later (BNPL) services, the company said.
Commenting on the partnership, Magdy Hassan, CEO of Taly, said: “BPC has been impressively agile, with their technology providing the flexibility we were looking for to build some of the most innovative digital-first solutions for Egyptian consumers. Some of BPC’s solutions include Card Management, Tokenization, Acquiring, Merchant Management and a full-fledged Payment Gateway – all of which will help shape the future of financial services in the region.”
The SmartVista Platform can be utilised as micro-services as a standalone or as a full end-to-end banking and payment experience, either on-premise or as a service. On the back of the deal, Taly said it aims to play a role in providing fintech startups as well as established payment service providers with the appropriate infrastructure to bring new innovations to fruition.
Usama ElSayed, COO MEA at BPC, added: “We firmly believe Taly is curated to be a true game changer in the payment industry, not only in Egypt but also throughout the region. Its exceptional vision and innovative value proposition have the potential to significantly transform the way people interact with financial services.”
The financial technology sector in Egypt is rapidly expanding, with the number of digital payment users expected to amount to 84.13m users by 2027. Under Egypt’s Vision 2030 directives the Central Bank of Egypt has said that digital transformation and the promotion of financial inclusion will be a core area of focus between now and then.
