Banque Misr, MaxAB sign protocol to provide MSEs with financial, non-financial solutions

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The service will enable MaxAB’s retailers to collect payments electronically from all e-wallets

Staff Writer, Arab Finance

May 4, 2023

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Banque Misr has signed a cooperation protocol with the business-to-business (B2B) e-commerce platform MaxAB to provide financial and non-financial solutions to micro and small-sized enterprises (MSEs), according to an emailed release on May 3rd.

The service will enable MaxAB’s retailers to collect payments electronically from all e-wallets via “QR code/Request to pay” service, in addition to providing financing solutions to MSEs.

The move is part of the bank’s strategy to provide e-payment solutions to the micro, small-, and medium-sized enterprises (MSME).

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