Banque Misr has announced a cooperation protocol with MaxAB, a B2B e-commerce platform, to offer financial and non-financial solutions to micro and small-sized enterprises (MSEs), according to a press release on May 3rd. Through this service, MaxAB’s retailers will be able to receive electronic payments from all e-wallets using the “QR code/Request to pay” service, while also providing financing solutions to MSEs.
This move is in line with Banque Misr’s strategy to provide e-payment solutions to micro, small and medium-sized enterprises (MSMEs) in Egypt, which is crucial for the growth of the economy. With this partnership, both parties aim to support MSEs by providing them with the necessary tools to operate and expand their businesses. Banque Misr and MaxAB believe that this collaboration will benefit the MSME sector by streamlining payment collection and increasing access to financing solutions.