Forsa application" is a consumer financing systems , and flexible installment methods in a several major malls and hypermarkets
Cairo – March 1, 2022: In light of the unprecedented growth of the non-bank financial services sector in the local market stemming from the unlimited support from the Financial Supervisory Authority, Drive Finance – the leading discounting company – and the owner of the Forsa mobile application in Egypt, announces The official launch of the mobile application, through the presence in many major commercial centers and “hypermarkets”, through which a group of highly trained human cadres from representatives of the “Forsa” application, in an effort to reach the largest segment of customers and clarify to the consumer the aspects The difference between the different products offered by consumer finance systems from the services provided by some banks, and the definition of the most important advantages of the application and the various financial services it provides and flexible installment systems for customers of different categories, enabling them to meet all their needs.
The company is proud that the application has been completed by a 100% Egyptian team and without any assistance from foreign elements, due to the company’s continuous belief and its bet on the presence of huge Egyptian cadres and competencies that are always able to work hard, faithfully and with international quality
Forsa aims to provide the Egyptian community with easy and quick financing solutions for the consumer, enabling him to purchase products and obtain various financial services through the “Forsa” application for the mobile phone, with simple procedures in a period of time not exceeding 10 to 15 minutes at the most, as well as providing plans Flexible and varied installments in line with the consumer’s circumstances and financial capabilities.
In this context, Ahmed Osama, Managing Director of Drive Finance, said: “The significant changes and growth spurt in the market require a great deal of innovation in providing financial services, and a full understanding of the basic needs of customers, and this is our mission in Forsa, as our plan is based on Forsa. Several core values are facilitating all procedures in different financial services, and diversification by offering multiple financing options through different partnerships. Since its first trial launch, Forsa has succeeded in concluding agreements with a large group of brands and commercial entities with the aim of facilitating payment and installment procedures for customers in various regions. sectors like,
Car maintenance, consumer household appliances, mobile phones, entertainment services, club memberships, tourism, and more.
He added: “What the Egyptian state is currently adopting in terms of digital transformation in various systems and sectors, support for financial inclusion and the application of the concept of non-cash transactions played an influential role that encouraged us to move forward in our financial technology plan. Praising the efforts of the work team, he said, I am very proud of this achievement and the implementation of an application like Forsa , our team are distinguished group of young Egyptian programmers and developers, in a fully Egyptian locally owned and managed company.
To facilitate service access to customers, Forsa representatives are currently present in Carrefour branches in the governorates of Tanta, Alexandria, Cairo and Giza, specifically in the Maadi, Almaza, Fifth Settlement, and Sixth of October, as well as in commercial centers including, City Center Alexandria, and City Stars, Mall of Arabia and Mall of Egypt.
It is worth noting that the total consumer finance activity issued by the Financial Supervisory Authority, according to the report on non-banking financial activities, amounted to about 17 billion pounds, and the report added, that the total finances granted by consumer finance companies during the year 2021 directed the number of clients to 1,346,108 thousand. client.
About Forsa:
Forsa is an easy-to-use mobile application in a buy now and pay later way. After downloading the application and requesting a credit balance, and once the approval is obtained, the customer can purchase all his needs – whether goods or services – through several merchants and service providers Available on the mobile application with easy and simple procedures
It is worth mentioning that Forsa is a mobile application designed by Egyptian programmers and owned by Drive Finance, and it provides various financial services and flexible installment systems to customers.
Forsa reflects in its business plan several core values, namely diversity by offering diversified financing options through different partnerships.
About Drive Finance:
Drive is one of the three largest factoring companies in Egypt, according to FRA. Since obtaining its license in the second quarter of 2012, Drive has expanded its factoring services to include small and medium-sized companies in addition to consumer factoring represented in car financing. The company has expanded its activities by obtaining a consumer financing license to finance all authorized goods and services It has been approved by the Financial Supervisory Authority
