Dubai, UAE – Paymob, the leading financial services provider in the Middle East, North Africa and Pakistan (MENA-P) announces that it has joined the MENA Fintech Association (MFTA). in its ongoing commitment to drive the regional fintech agenda and promote innovation in the industry.
Headquartered in Cairo, Egypt, Paymob’s omnichannel payments infrastructure powers millions of payments worth billions of dollars for 170,000 businesses of all sizes, including some of the region’s biggest names such as LG, Vodafone, Chalhoub Group, Tabby, Foodics, Uber and Decathalon. Developed by its in-house team of developers, Paymob’s innovative financial technology solutions enable merchants of all sizes to accept online and offline payments, make payments and manage and grow their businesses in the digital economy seamlessly and securely.
Imane Adel, Paymob’s EVP of Strategy commented, “MFTA provides a robust knowledge sharing platform in the region and we look forward to contributing our insights to help advance the ongoing conversation around financial inclusion and the central role that fintech innovation plays for to achieve meaningful results.
MFTA’s vision is to position the Middle East and North Africa as a hub for fintech innovation and investment, and to promote financial inclusion and literacy across the region. The association brings together startups, investors, regulators and established players in the industry to promote a dynamic and collaborative ecosystem that supports innovation and growth.
“We are delighted to welcome Paymob to MFTA and have them join our community of fintech innovators,” said Nameer, Chairman of MFTA. “Their innovative payment infrastructure enables merchants to offer the most innovative digital payment methods to their customers, especially those who are underserved by traditional banks, which is in line with our mission to promote financial inclusion and literacy across the region. We look forward to working with Paymob and our other members to drive the regional fintech agenda and promote the growth of the industry.”
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About Paymob
Paymob is the leading financial services provider in the Middle East, North Africa and Pakistan (MENA-P), delivering the latest financial technology to customers in the region. Its omnichannel gateway offers more than 40 payment methods and empowers over 170,000 SMEs to manage and scale their businesses by giving them access to financial services not readily available in emerging markets. Headquartered in Cairo, Egypt, Paymob is the largest payment facilitator in North Africa and employs 1,400 team members across MENAP. The company started operations in Pakistan in 2021. Paymob was founded in 2015 by Islam Shawky, Alain El Hajj and Mostafa Menessy.
Visit www.paymob.com for more information
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About MFTA
The MENA Fintech Association (MFTA) is a non-profit organization that serves as a platform for fintech stakeholders across the region to connect, collaborate and develop the fintech ecosystem. MFTA’s mission is to accelerate the growth of the fintech industry in the Middle East and North Africa, and to promote financial inclusion and literacy across the region.
Visit www.mena-fintech.org for more information
