Paymob said Wednesday that it has partnered with Egyptian financial super app Khazna to expand access to digital financial services and enhance the services and products available to merchants and consumers in Egypt.
Khazna and Paymob said in a joint statement that the partnership will boost the growth of merchants in the latter’s network of 170,000 by offering them additional innovative solutions that meet consumer demands for flexible purchases.
Merchants in Paymob’s network can now offer Khazna’s services via their integrated point of sale (POS) devices to Khazna’s customers. This integration enables payment acceptance through a single POS device, delivering seamless, secure and convenient customer experiences while making Khazna’s services widely accessible across Egypt.
“We are committed to powering the growth of small and medium-sized businesses by serving as a trusted partner, providing them with innovative financial technologies that enable them to manage and grow their businesses,” Gillan Shaaban, the Chief Commercial Officer of Paymob said in a statement.
The partnership between Khazna and Paymob is expected to fuel financial inclusion in line with the Central Bank of Egypt’s recently launched Financial Inclusion Strategy and ultimately Egypt’s Vision 2030.
Founded in 2020, Khazna’s services include a Khazna prepaid card in partnership with ADIB-Egypt, payroll advance services, seamless purchases from a huge variety of merchants and online bill payment. Paymob was founded in 2015 and is one of the largest payment facilitators in the Middle East that offers over 40 payment methods to 170,000 SME merchants.
