More of leading e-payment platform Fawry’s merchants will now have access to Visa’s digital acceptance solutions, including card and QR code payments, through a strategic partnership agreement the two companies signed, according to a press release (pdf). The agreement, which will help accelerate the use of digital payment solutions, is aimed to introduce “cashless solutions that will not only grow the digital payments ecosystem, but will also bring formal financial services to the underbanked and underserved communities,” Visa North Africa’s General Manager Ahmed Gaber said.

Background: Visa partnered with Careem earlier this year to provide drivers with quicker access to their payments, while Fawry is already trailblazing in the realm of cashless payments, partnering with the National Bank of Egypt to expand its internet banking services and setting up a remittance transfer service for Egyptians abroad this year. Fawry became Egypt’s first listed company to achieve a USD 1 bn valuation last August.