The leading Egyptian Platform for digital transformation and e-payments, Fawry announced that it has joined the PCI Security Standards Council (PCI SSC) as a new participating organisation, to work on securing payment data worldwide through the ongoing development and adoption of the PCI Security Standards.
The PCI SSC leads a global, cross-industry effort to increase payment security by providing flexible, industry-driven, and effective data security standards and programmes. The keystone is the PCI Data Security Standard (PCI DSS), which provides an actionable framework for developing a robust payment card data security process, in addition to preventing, detecting, and mitigating criminal attacks and breaches.
As a participating organisation, Fawry adds its voice to the standards development process and will collaborate with a growing community of more than 800 participating organisations to improve payment security worldwide. Fawry will also have the opportunity to recommend new initiatives for consideration to the PCI SSC and share cross-sector experiences and best practices at the annual PCI Community Meetings.
“In an era of increasingly sophisticated attacks on systems, PCI Security Standards and resources help organisations secure payment data and prevent, detect, and mitigate attacks that can lead to costly data breaches,” Operating Officer of the PCI Security Standards Council Mauro Lance.
“By joining as a participating organisation, Fawry demonstrates they are playing an active part in improving payment security globally by helping drive awareness and adoption of PCI SSC.”
Ashraf Sabry, Fawry’s founder and CEO, said, “It’s one of the important milestones for Fawry to become PCI SSC member as a first and only company in Egypt to join global giants such as PayPal, Amazon, Microsoft, RSA, HSBC, Citi, Verifone, and Thales.”
The PCI SSC is a global forum that is responsible for the development, management, education, and awareness of the PCI Data Security Standard (PCI DSS) and other standards that increase payment data security.
Fawry is the leading Egyptian Platform for digital transformation and e-payments that has revolutionised the concept of Omni-channel payment in Africa and the Middle East over the past decade. With more than 125,000 offline locations, many different digital channels, more than 24 million customers and 10 years of experience, Fawry has managed to singlehandedly revolutionise the way Egyptians carry their day-to-day payments, in addition to helping corporates, banks, and small and medium enterprises develop their business models, improving remittance and cash management
In only a few years, Fawry made it easier for entities, corporates, governmental bodies, and endless companies of different sizes to collect payments, reward clients, and increase market shares in a reliable manner through its state-of-the-art technology.
Today, over 2.5 Million daily transactions take place via Fawry, making it the leading FinTech company and the first choice of consumers and entities in payment facilitation; especially with its unmatched reachability, covering various points all over Egypt and its digital payment solutions that are further cementing its reputation as a market leader.
