Fawry, the nationwide Electronic Bill Payment and Presentment (EBPP) network, announced that its network across Egypt was used by 400,000 customers during a 6-month period since its launch in March.

Customers completed 500,000 transactions through different network outlets, either banks directly providing Fawry services via its ATMs or bill payment and mobile top-up points available at 1200 medium and large grocery stores or pharmacies.

Customers have realised the benefits of using the Fawry network, which provides them with a modern, secure and convenient method to view and pay their bills through a single outlet, thereby saving time and effort, said a spokesperson.

“We are delighted at the growth in the number of people turning to Fawry to pay their bills. In fact, the number of Fawry network users is increasing monthly at a rate of over 100 per cent,” said Ashraf Sabry, CEO of Fawry.

Citing figures from published financial statements of companies, Sabry said that Egyptians pay bills worth EGP70 billion every year.

In addition to bank ATMs, the Fawry network includes 1200 bill payment and mobile top-up points that are available in 1200 medium and large grocery stores or pharmacies across the country. Fawry plans to increase its machines at retailer stores to 3000 by the end of the year and to 12,000 by the year 2012.

From October, customers can use Fawry network to pay bills and top-up mobiles at 3800 post offices in Egypt, he added.-TradeArabia News Service