Swvl, a global provider of tech-enabled mass transit solutions, and Paynas, a digital platform that provides integrated financial services, partnered to empower Swvl’s captians through financial services.
Paynas will provide Swvl captains with integrated financial services capabilities by issuing Visa-powered Paynas Cards, in partnership with Banque Misr, to the company’s registered captain base and unlocking their access to the suite of financial and non-financial benefits. The benefits include earned compensation payouts, buy-now-pay-later services and insurance.
“As a high growth company fundamentally altering the mass transit landscape, Swvl is an ideal partner for Paynas. We are excited to continue to scale our support for individuals and SMEs with innovative and efficient financial services and benefits programs and look forward to creating real value for Swvl captains to achieve financial wellness,” Mohamed Mounir, Paynas Founder and CEO, said.
Swvl and Paynas have a commitment to leveraging innovative technologies in order to enhance financial inclusion. Both companies aim that the partnership has a significant social and economic impact by providing the drivers with opportunities to capitalize on different financial and non-financial benefits.
“As fundamentally mission-driven companies, Swvl and Paynas share a common goal of helping underserved populations achieve greater social and economic equity. Our journey begins and ends with our captains. Through this partnership we will continue to demonstrate the innovative ways in which we are making their lives easier, while providing access to premier financial services and other benefits,” Mostafa Kandil, Swvl Founder and CEO, said.
If you see something out of place or would like to contribute to this story, check out our Ethics and Policy section.