Mngm and Fawry signed a deal that allows existing MNGM’s customers to charge their cash balance through Fawry network throughout any of FawryPlus branches, as well as Fawry POS  machines. 

Now, Mngm users can instantly top up their Mngm cash balance by depositing cash into any of the FawryPlus stores or any Fawry POS machines, using only their registered phone number and Mngm’s service code: 94671. In addition, prospective ‘Mngm’ users can now utilize any of FawryPlus 220 stores to finalize their KYC process and set up their accounts.  

The partnership underscores Mngm’s objective of continuing to provide customers and investors access to investment-grade gold through hassle-free transactions and transparent and regulated payment channels and this partnership also highlights Fawry’s and Mngm’s continued efforts of  diversifying their product offerings and spearheading meaningful and out-come driven  partnerships designed to bring added value to the Egyptian society.  

“The partnership with Fawry is a milestone towards achieving the main goal of MNGM, which’s enabling the largest number of customers to buy gold seamlessly, in conjunction with complying with all applicable laws and regulations governing such transactions, wherefore contributes to the integration of all buy-and sell transactions into the formal economy,” Sameh El Torgoman, Chairman of Evolve Group, said.

Mngm is Evolve Investment Holding’s flagship digital precious metal platform that enables clients to securely and transparently purchase, sell, store, and request delivery of 999.9 (24k) gold with one click of a button. Through mngm, clients can accumulate their gold holdings with minimum purchases of 0.1 grams. Mngm also offers clients with investment-grade gold that is sourced from globally certified refineries and that is insured by the most trusted insurance providers.