Financial services provider Paymob has entered into a partnership with Khazna, a financial app for Egyptians with little access to formal financial services.
Merchants in Paymob’s network can now offer Khazna’s services via their integrated point of sale (POS) devices to Khazna’s customers. This partnership between Khazna and Paymob will boost the growth of merchants in Paymob’s network of 170,000 by offering them additional innovative solutions that meet consumer demands for flexible purchases.
The integration enables payment acceptance through a single POS device, delivering seamless, secure, and convenient customer experiences, while simultaneously making Khazna’s services widely accessible across Egypt to Khazna’s customers.
Ahmed El Meadawy , General Manager of Khazna Egypt said, “We’re happy to partner with Paymob to serve our unique customer base with an option to buy merchandise from any Paymob enabled merchant using the merchant portal directly on Paymob POS machines. This in turn would increase the variety of outlets that Khazna users can purchase from. and ease the transition to a cashless society, by having our merchants gain seamless access to POSs provided by Paymob.”
Gillan Shaaban, Chief Commercial Officer of Paymob commented, “We are committed to powering the growth of small and medium-size businesses by serving as a trusted partner, providing them with innovative financial technologies that enable them to manage and grow their businesses. Khazna’s solution is a great addition to our payment acceptance offering and will further fuel financial inclusion in the market.”
Paymob had earlier joined hands with fulfilment management platform Khazenly to help local merchants fully digitise their business operations. Paymob said at the time that this 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.
Established in Egypt in 2015, Paymob offers its clients payment acceptance methods. 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.
