News / Supply Chain Innovation

PaySupp Featured in Global Fintech Trends Report

August 27, 2024

Africa Fintech Network

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ADCB Egypt partners with PaySupp to offer supply chain financing solutions

Abu Dhabi Commercial Bank – Egypt (ADCB Egypt) has partnered with financial technology company PaySupp to provide innovative financing solutions for corporate supply chain vendors.

The agreement, signed by Ihab El Sewerky, Managing Director and CEO of ADCB Egypt, and Ahmed Alaa, CEO of PaySupp, in the presence of senior executives from both parties, aims to help companies manage their working capital more effectively and ensure business continuity amid economic challenges.

The new platform’s early payment service provides flexible and integrated financial facilities, enabling suppliers to receive their deferred payments more quickly and on more favourable terms.

Companies benefit from improved payment terms, which help reduce operating costs, enhance operational efficiency, improve cash flow, and foster stronger collaboration with suppliers.

Key Highlights:

  • The report highlights PaySupp’s partnership with ADCB Egypt as part of emerging fintech-bank collaborations.
  • PaySupp is recognized as a platform enabling supply chain vendors to access financing.
  • The mention positions PaySupp within the broader landscape of digital financial innovation.
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