Modern Gas and Contact CrediTech Partner to Streamline Natural Gas Delivery Payments

Modern Gas Company has partnered with Contact CrediTech to bring innovative financial solutions to their customers, making it easier to pay for natural gas deliveries. This strategic cooperation aims to provide flexible payment options, aligning with the Ministry of Petroleum and Mineral Resources' (MoPMR) directives to find creative financial solutions for consumers.

The agreement is a significant step towards fulfilling Egypt’s Vision 2030, which emphasizes digital transformation and expanding digital services in the Egyptian market. By leveraging the latest advancements in financial technology, both companies aim to enhance the overall customer experience and streamline the payment process for natural gas deliveries.

Mohamed Kandil, Chairman and Managing Director of Modern Gas Company, and Omar El Feky, Managing Director of Contact CrediTech, officially signed the contract, marking the beginning of this strategic partnership. The collaboration not only focuses on providing multiple payment options but also on integrating state-of-the-art financial services that cater to the evolving needs of Egyptian consumers.

The strategic cooperation between Modern Gas and Contact CrediTech will leverage the strengths of both companies. Modern Gas, with its extensive experience in the energy sector, and Contact CrediTech, with its cutting-edge financial technology solutions, will work together to create a robust platform for managing natural gas payments.

Customers can look forward to a range of payment options, including online payments, mobile transactions, and other digital solutions that simplify the payment process. This initiative is expected to significantly enhance customer satisfaction by providing more flexibility and convenience in managing their natural gas bills.

Furthermore, this collaboration supports Egypt's broader goals of fostering innovation and digitalization across various sectors. By embracing modern financial technologies, Modern Gas and Contact CrediTech are setting a new standard for the industry, demonstrating how traditional energy companies can adapt and thrive in an increasingly digital world.

In conclusion, the partnership between Modern Gas Company and Contact CrediTech represents a forward-thinking approach to customer service and financial management. By aligning with Egypt’s Vision 2030 and the MoPMR’s directives, the two companies are paving the way for a more efficient and customer-friendly natural gas delivery system. This strategic cooperation not only benefits the consumers but also contributes to the overall progress of Egypt's digital transformation journey.

Natural gas is a naturally occurring blend of gaseous hydrocarbons, composed primarily of methane (95%), along with smaller quantities of other higher alkanes. Natural gas is a fossil fuel created when layers of organic material, mainly marine microorganisms, decompose in anaerobic conditions and are subjected to extreme heat and pressure underground over millions of years.