
Egypt’s Paymob raises $50m in Series B round of funding
This round brings Paymob’s total funding up to more than $68.5m.
This round brings Paymob’s total funding up to more than $68.5m.
Mastercard welcomes Paymob’s market entry, and its likely impact for payments in Pakistan
Signed recently at Cafex — a leading business to business (B2B) event for the restaurant and café industry, the partnership consolidates the strength of GrubTech’s cutting-edge, plug and play operating system with Paymob’s expertise in the digital payment space. The partnership is expected to help digitise Egypt’s food and beverage ecosystem, making it easy for operators to be up and running with an all-in-one solution.
Paymob is largest payment facilitator in Egypt, with annual processing value of $2.5bn
Partnership contributes to Egypt Vision 2030 for financial inclusion
It is largest-ever Series A raised by fintech company in Egypt
Global pandemic has pushed businesses online, increasing Paymob’s rate of monthly merchant on-boarding by 450%, says Shawky
Over 6,000 students in Egypt can now pay their tuition fees online
The signing of the agreement was attended by Amr Abu Al-Azm, CEO and chairperson of Tamweely, Ahmed Khorshid, CFO and Managing Director of Tamweely, Islam Shawky, CEO and Managing Director of Paymob, and Chloe Gueguen, Financial Inclusion Director at AWEF.
Islam Shawky, Co-founder & CEO of Paymob, will be sharing a speech about the future of digital payments technology for the participants of this important regional event. The session will be taking place on Saturday 7 December at AUC in the 5th Settlement, New Cairo.
Egypt has 8m e-wallets
40% more credit cards, 36% more debit cards in use since 2010, according to CBE