payment<\/a> acceptance technology will now be integrated into X-ERA’s fast-moving consumer goods (FMCG) ordering application, creating an end-to-end digital business solution for merchants who previously had to stick with the cash-on-delivery option. Credit cards, digital wallets and other types of payments from Paymob\u2019s offering on the X-ERA app will be seamlessly processed through Paymob\u2019s gateway.\u00a0<\/span><\/p>\nX-ERA\u2019s CEO, Mahmoud ELenani, said: \u201cI am very thrilled to sign this important agreement with Paymob, the leading digital payments and fintech service providers in Egypt and beyond.<\/span><\/p>\n\u201cThis cooperation aligns with X-ERA’s strategy to redevelop Egypt\u2019s informal commercial market, by providing a package of diversified fintech tools and payment solutions to small grocers, corner shops, small and medium-sized merchants in different governorates throughout Egypt.\u201d\u00a0<\/span><\/p>\nThrough Paymob\u2019s technology, X-ERA merchants can also pay their utility and telecom bills to further digitise their businesses.<\/span><\/p>\nOn balance, this partnership aims to digitise how grocers and small businesses operate, fast-tracking their growth in the digital economy.\u00a0<\/span><\/p>\nMr ELenani noted that this joint venture can help merchants to raise business efficiency and operation volume and broaden the scope of e-commerce strategies.<\/span><\/p>\nPaymob’s CCO, Gillan Shaaban, said: \u201cThis strategic partnership is aligned with our mission to fuel the growth of SMEs in the digital economy.\u00a0<\/span><\/p>\n“Digitising B2B payments is key to the overall value chain, and we are proud to power X-ERA’s digital payments acceptance for its merchants. With this partnership, underserved merchants and grocers who lack access to traditional bank-offered financial services can now actively participate in the digital economy. \u201d<\/span><\/p>\nX-ERA re-develops the informal market using advanced business solutions and enabling technologies designed to accommodate the needs of SMEs.\u00a0<\/span><\/p>\nThe company also mulls investing millions of dollars in tech development and geographic expansion.<\/span><\/p>\n\u00a0In November, X-ERA acquired Speed Store, an Egyptian e-commerce platform, revamping the Speed B2B app with its partners to make it more user-friendly.<\/span><\/p>\nUnveiled in Egypt in 2015, Paymob’s payments infrastructure enables more than forty online and in-store payment methods via its gateway, point of sale and Paymob app products. Today, the fintech caters to 170,000 merchants, simplifying business with technology solutions.<\/span><\/p>\n","protected":false},"excerpt":{"rendered":"Fintech and logistics services provider X-ERA Egypt has teamed up with Mena’s financial services enabler Paymob to digitise B2B payments for Egypt-based SMEs<\/p>\n","protected":false},"author":40,"featured_media":18400,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":[],"categories":[154,1323,1,4106,4598],"tags":[4656,4655],"_links":{"self":[{"href":"https:\/\/www.meretailnews.com\/wp-json\/wp\/v2\/posts\/20793"}],"collection":[{"href":"https:\/\/www.meretailnews.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.meretailnews.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.meretailnews.com\/wp-json\/wp\/v2\/users\/40"}],"replies":[{"embeddable":true,"href":"https:\/\/www.meretailnews.com\/wp-json\/wp\/v2\/comments?post=20793"}],"version-history":[{"count":2,"href":"https:\/\/www.meretailnews.com\/wp-json\/wp\/v2\/posts\/20793\/revisions"}],"predecessor-version":[{"id":20795,"href":"https:\/\/www.meretailnews.com\/wp-json\/wp\/v2\/posts\/20793\/revisions\/20795"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.meretailnews.com\/wp-json\/wp\/v2\/media\/18400"}],"wp:attachment":[{"href":"https:\/\/www.meretailnews.com\/wp-json\/wp\/v2\/media?parent=20793"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.meretailnews.com\/wp-json\/wp\/v2\/categories?post=20793"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.meretailnews.com\/wp-json\/wp\/v2\/tags?post=20793"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}