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Taysir Holding and NileIT Announce Strategic Partnership

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NileIT LogoBRICK, NJ and CARIO, EGYPT (July 21, 2014) – Taysir Holding and NileIT are pleased to announce a strategic partnership to offer mobile payment solutions within Egypt and various foreign markets. This newly formed partnership will support Taysir Holding’s mission to introduce award-winning Mobile Payment Solutions to financial institutions worldwide.

“We are honored to be working with such a reputable IT company,” says Monique Klaui, CEO of Taysir Holding LLC., “It is a perfect time for mobile payments technology to start gaining traction in Egypt. The solutions we will be providing through NileIT’s efforts will be a firm step in this direction.”

Mobile transactions have been one of the most active segments in the electronic payments industry. Merchants, acquirers, issuers, service providers and card brands have all seen exceptional growth in mobile sales and are currently making great efforts towards meeting consumer demand, enhancing user experience, addressing security concerns and increasing revenues.

“Partnering with Taysir Holding LLC is an excellent opportunity to introduce these advanced mobile payment solutions to the domestic and regional market”, says Mohammed Omar, GM of NileIT, “We are confident that those solutions will meet the growing need for mobile payment and contribute to this demanding business growth.”

With the Mobile Payment Solutions provided through Taysir Holding, this new partnership will enable NileIT to continue its initiative to provide secure solutions and services which support growth within the Egyptian economy.