Mead Installment celebrated unprecedented achievements in its first year since its launch, with the company’s client base reaching 25,000 by the end of 2023.<\/p>\n
The total number of transactions for the company reached 17,000, achieving a growth rate of 338% in business volume during the year 2023.<\/p>\n
The company attributed these developments to its plan targeting new customer segments by increasing the number of products and services offered to individuals.<\/p>\n
This aligns with the central bank’s directives to achieve financial inclusion.<\/p>\n
This success reflects the strategy of Mead Installment, which focuses on directing the company’s efforts to achieve financial inclusion as a fundamental means and an important element of sustainable growth.<\/p>\n
Additionally, the company aims to optimize customer investments, providing a wide range of options.<\/p>\n
The company emphasized its dedication to providing the best financial services to customers, meeting their diverse aspirations and requirements with the highest quality and without complications.<\/p>\n
Hani Abdelwahab, CEO of the Business Sector at Mead Installment, expressed satisfaction with the achievements of the past year.<\/p>\n
highlighted that Mead Installment officially began its services in the first quarter of the current year, achieving a 120% growth in the company’s business volume in the first half and 218% in the second half of 2023.<\/p>\n
The company collaborates with a broad network of merchants and service providers, offering a range of non-traditional financial services to increase financial inclusion in line with technological and digital advancements.<\/p>\n
Abdelwahab noted that this growth is a result of the company’s commitment to providing diverse financing solutions across various economic sectors.<\/p>\n
Abdelwahab emphasized the company’s significant focus on providing financing services and solutions for the retail and consumer goods sector.<\/p>\n
Mead Installment has contracted with more than 350 brands in various sectors, distributed across over 1500 branches in Greater Cairo and Alexandria.<\/p>\n
The company aspires to contract with more partners this year to cover all customer needs for consumer goods under competitive installment systems.<\/p>\n
Mead Installment has allocated around 500 million Egyptian pounds for expanding its installment services.<\/p>\n
The company is dedicated to offering financial services and solutions for the retail and consumer goods sector, ensuring efficiency, speed, and security.<\/p>\n
Mead Installment aims to achieve the highest levels of trust and leadership, making luxury an integral part of the customer experience.<\/p>\n
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