Egypt’s eFinance and IBM team up to help businesses boost digital payment services – The National

Egypt’s eFinance and IBM team up to help businesses boost digital payment services – The National

The national developer of Egypt's digital payment network, eFinance, and US technology conglomerate IBM have teamed up to expand secure payments services.

Services being utilised by eFinance will now use the latest IBM Power servers, streamlining business processes and lowering energy consumption by up to 52 per cent compared to previous generations, New York-based IBM said in a statement on Friday.

The partnership will accelerate digital transformation and improve customer experience by leveraging the advantages of financial technology, Hossam El Gouly, chief executive of eFinance, said.