Belbaqy Company Turns Transaction Fractions into Investment Opportunities
During the Seamless North Africa 2024, Belbaqy Company unveiled its vision of transforming small change from daily transactions into a powerful tool for investment and savings. This announcement was made during an interview with EntArabi, where Eng. Osama El-Shafei, the founder and CEO of the company, discussed the details of this service.
El-Shafei explained that Belbaqy’s concept revolves around collecting and accumulating those small amounts of money that are usually overlooked after purchases, whether in cash or electronically. These amounts are then converted into points that can be used for investment in various areas such as gold and stocks, or even for paying bills.
What sets Belbaqy apart is its collaboration with Azimut, one of the largest asset management companies in the world. This partnership ensures that users’ investments are managed with high expertise and efficiency, aligned with their financial goals.
El-Shafei confirmed that the Belbaqy app, which was launched experimentally at the beginning of 2023, has achieved great success in securing contracts with electronic payment companies that represent a significant portion of the electronic payments market in Egypt. He also noted that the company is looking to expand into new markets such as Saudi Arabia, the UAE, and Pakistan, with the goal of reaching the widest possible segment of society.