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Friday, December 08, 2023

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Paymob Joins MFTA to Drive Regional Fintech Agenda

Paymob, the leading financial services enabler in the Middle East, North Africa and Pakistan (MENA-P) announces that it has joined MENA Fintech Association (MFTA).  in it’s ongoing commitment to drive the regional fintech agenda and promote innovation in the industry.

Headquartered in Cairo, Egypt, Paymob’s omnichannel payment infrastructure powers millions of payments worth billions of dollars for 170,000 businesses of all sizes including some of the region biggest names such as LG, Vodafone, Chalhoub Group, Tabby, Foodics, Uber and Decathalon. Paymob’s innovative financial technology solutions are developed by its in-house team of developers and enable merchants of all sizes to accept online and offline payments, make payments and manage and grow their businesses in the digital economy seamlessly and securely.  

Imane Adel, Paymob’s EVP of Strategy commented,MFTA provides a robust knowledge sharing platform in the region and we look forward to contributing our insights to help advance the ongoing conversation around financial inclusion and the central role that fintech innovation plays in achieving meaningful results.

MFTA’s vision is to position the Middle East and North Africa as a hub for fintech innovation and investment, and to promote financial inclusion and literacy across the region. The association brings together startups, investors, regulators, and established players in the industry to foster a dynamic and collaborative ecosystem that supports innovation and growth.

“We are pleased to welcome Paymob to MFTA, and to have them join our community of fintech innovators,” said Nameer, Chairman of MFTA. “Their innovative payments infrastructure enables merchants to offer  the most innovative digital payments methods to their customers, especially those underserved by traditional banks, which aligns with our mission to promote financial inclusion and literacy across the region. We look forward to working with Paymob and our other members to drive the regional fintech agenda and promote the growth of the industry.”

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