Damen ePayment in negotiation for new investors: CEO

Damen ePayment in negotiation for new investors: CEO

Expansion is the slogan for the next phase in Damen ePayment, as they succeeded within a few years in establishing its presence in the field of electronic payments, Tamer Al-Hussainy, CEO and Managing Director of Damen told Daily News Egypt.

This came during Damen’s participation in the Cairo ICT conference.

Al-Hussainy explained that Damen is keen to participate annually in this unique event that deals with the latest technologies and reviews new solutions, and that they see the exhibition as an opportunity to meet new and existing customers, as well as to meet with the rest of the players in the digital payments market, in addition to meeting “fintech” companies, as well as emerging companies to discuss new ideas and learn about modern technologies.

He indicated that the company started their business in the Egyptian market nearly three years ago, specifically in 2020, which witnessed many crises and challenges.

“But we succeeded in providing new solutions to the market and working close to the customer, and this enabled us to succeed, in 2020, we achieved steady growth, and the volume of proceeds was EGP 2.75bn. In 2021 we achieved around EGP 6.25bn, and by the end of this year, the div rose to around