Cairo, December 15, 2022
Dahab Masr is a gateway for investing in gold and silver bullion and has announced a strategic partnership with Forsa to provide easy financing solutions for gold investors.
It is known for its e-commerce platform which is the first platform that provides investment services in gold and silver in accordance with Islamic Sharia, “Dahab Masr” platform has achieved remarkable success in digitizing the traditional gold market and providing a safe and easy-to-use transaction system, as its market share is 25% of the golden currency and gold bullion markets since its launch in 2021. The partnership with Forsa will allow investors to benefit from installment services, and make it easier for them to invest in gold.
Today, “Dahab Masr” has become the first e-commerce platform in the Middle East to use the business-to-business (B2B) and business-to-customer (B2C) model to provide buying and selling services with a wide variety of golden currency and gold bullion products.
Our platform is one-of-a-kind in that it offers the first peer-to-peer (C2C) clearing system for trading precious metals, as well as the first digital physical gold wallet in Egypt. “Dahab Masr” team is composed of experts with a wealth of knowledge and experience in the gold industry. We're dedicated to providing our customers with round-the-clock support and clear, informative insights on investing in gold. Our goal is to not only advance the gold industry but also to educate and raise awareness about its significance.
Fadi Kamel, CEO of Dahab Masr, stated that this partnership aligns with the company's strategy of encouraging investment in gold in Egypt and the Middle East by providing easy and safe transactions. He also noted that this partnership will help customers obtain financing to seize promising investment opportunities in the buying and selling of gold. Especially because of continued high demand for gold, as the market is witnessing an annual growth rate of 27%, which is expected to continue under the economic fluctuations that the global markets are facing at the present time.
He stated that this partnership will allow customers to have access to installment services, which will enable them to take advantage of potential investment opportunities in buying and selling gold, and help them navigate the current challenging global economic climate. This partnership is a part of the company's ongoing efforts to achieve long-term positive returns for the local market.
This strategic partnership will provide great opportunities for investors who are seeking to diversify their investment portfolios and direct their capital to purchase assets that are characterized by preserving the currency from inflationary challenges and economic fluctuations, especially with the recent hikes in gold prices in the local and global markets.
Forsa has succeeded in providing the Egyptian society with easy and fast financing solutions for consumers by giving them the ability to purchase products and obtain various financial services through the “Forsa” mobile application and website, in addition to providing flexible and various installment plans despite the consumer’s conditions and financial capabilities.
In this context, Ahmed Osama, Managing Director of Drive Finance, stated: “The big changes and growth boom that the market is witnessing, require a great innovation in providing financial services, and a full understanding of the basic needs of customers.
At Forsa, our mission is to provide excellent financial services to our clients by adhering to a set of core values. These values guide all of our procedures and help us to offer a wide range of financing options through our partnerships with various sectors. By diversifying our services, we aim to meet the diverse needs of our clients and ensure their financial success.
Dahab Masr is the first E-Commerce Market Platform (B2B and B2C) in Egypt and the Middle East to offer Investment Compliant Gold established 2021. We are Digitizing and Democratizing the Egyptian Physical Gold Market through our Fin-Tech Solutions and using KYC and AML systems. We made the traditional gold market easily accessible through different Payment solutions.
We have reached 25% of the addressed market of physical Gold Bars and Coins in less than a year using the latest Fintech solutions to make the Gold Saving Experience Easy,Safe and Secure.Our Experts are constantly developing and advising Gold Manufactures Players to meet the latest Quality assurance to serve our customers.
Forsa is an easy-to-use mobile application in the way of buying now and paying later, where the customer can, after downloading the application, request a credit balance, and once approval is obtained, the customers can purchase all their needs - whether goods or services - through a number of merchants and service providers available on the mobile application With easy and simple procedures.