Egypt-based fintech Paymob has teamed up with digital warehousing and fulfilment management platform Khazenly to help local merchants fully digitise their business operations.
The strategic partnership creates an end-to-end ecosystem that combines Paymob’s multiple digital payment acceptance and payout solutions with Khazenly’s digital fulfilment and warehousing services.
Merchants in the ecosystem also have access to Paymob’s real-time payments reporting dashboard for instant financial visibility. The technology integration is meant t transform how merchants do business in Egypt, resulting in streamlined operations and more efficient transaction lifecycles while expanding merchants’ customer base.
Paymob’s officials clarified that this partnership with Khazenly reflects their commitment to digitising B2B payments which are central to the digital transformation of any business. As a result of the deal, SMEs in Egypt will benefit the most.
According to Khazenly’s representatives, their core mission is to grow the e-commerce market across Egypt and the Mena region. Hence, partnering up with one of the region’s e-payment players, Paymob, is important for them, as they believe that together they can enable the transition from offline to online for all their merchants via offering comprehensive solutions from the first mile to payment services.
Established in Egypt in 2015, Paymob offers its clients comprehensive payment acceptance methods. Paymob’s omnichannel payments infrastructure enables online and in-store payment methods via its gateway, point of sale and Paymob app products. In addition, its offerings cover financial technologies that enable merchants to manage and accelerate their businesses’ growth in the digital economy. The fintech currently serves 170,000 merchants in its network across the Mena region.
Khazenly’s logistics platform specialises inconvenient, affordable and easy-to-use omnichannel solution that helps merchants grow their businesses and facilitate the digitalisation of their fulfilment processes.
Launched in 2021, Khazenly’s technology and business model allow its merchants and social commerce retailers to optimise their fulfilment processes digitally when selling online (B2C), via retail stores (B2B), marketplaces, cross-border or through a combination of these channels.