Under this partnership, both individual and corporate clients of Mohandes Insurance will now be able to pay their policy premiums and access related services through Ahly Momkn’s electronic payment channels. This provides a simple, secure, and efficient method for premium collection and service payments.
Eng. Khaled Abdel Sadeq, Vice Chairman and Managing Director of Mohandes Insurance, expressed his satisfaction with the collaboration, emphasizing that it reflects the company's ongoing commitment to delivering exceptional service across both issuance and collection processes. He added that this partnership is a key step in the company’s digital transformation roadmap, in line with the Financial Regulatory Authority’s vision.
Abdel Sadeq also noted that Mohandes Insurance continues to diversify its offerings and provide multiple access points for clients, with the goal of strengthening its presence in the Egyptian insurance market. The company aims to enhance customer satisfaction and meet evolving needs by continuously improving its service quality.
From his side, Moheb Gamal, Deputy CEO and Chief Business Development Officer at Ahly Momkn, expressed pride in the partnership, which he described as a significant step in Momkn’s strategy to drive digital transformation and offer innovative payment solutions tailored to the Egyptian market’s needs.
Gamal confirmed that Ahly Momkn will offer multiple secure payment channels, facilitating the collection of insurance premiums for both individuals and institutions. The company will also provide a suite of tailored products and services to support clients with diverse needs.
He added that this collaboration marks a pivotal move toward modernizing Egypt’s insurance sector, through advanced digital payment solutions that increase operational efficiency, reduce costs, and enable more accurate and comprehensive customer data. This, in turn, allows both companies to deliver more personalized services and offers aligned with client profiles.
Gamal also revealed that soon, Mohandes Insurance customers will be able to pay their premiums via the Ahly Momkn mobile application, further enhancing the digital customer experience.
Hamdy Gad, Senior Business Development Manager for Non-Banking Financial Services at Ahly Momkn, highlighted that the partnership represents a transformative step in delivering digital payment services within Egypt's insurance sector. He noted it reflects both companies' dedication to supporting Egypt's Vision 2030 for sustainable development, encouraging trust in digital transactions, and helping transition toward a cashless economy.
Ahly Momkn has received formal approval from the Financial Regulatory Authority to begin collecting premiums for insurance companies. This milestone is part of the company's broader strategy to activate a nationwide e-collection infrastructure and advance digital transformation across various sectors — including government bodies, universities, syndicates, clubs, utility companies, and consumer and microfinance entities.
As a subsidiary of the National Bank of Egypt, Ahly Momkn is committed to fostering a cashless economy by offering secure digital payment platforms and financial management tools. These platforms empower businesses to manage operations and payments effectively while helping individuals streamline their daily transactions — all through a unified platform offering a comprehensive suite of payment solutions.
Ahly Momkn also plays an active role in helping businesses grow and reach wider audiences by integrating digital payments into everyday life. Its diverse channels and innovative tools enable users to conduct transactions anytime, anywhere.
Mohandes Insurance, a pioneer in Egypt’s insurance market, was established as a joint-stock company under Law No. 159 of 1981 and has been registered with the Financial Regulatory Authority since 1980. The company has built a strong track record by offering innovative insurance solutions across life, property, and liability sectors. Mohandes Insurance remains committed to service excellence and continues to evolve in line with global trends, reaffirming its dedication to supporting the national economy.
