OPay, a FinTech platform for payment and collection services, has won the “Best New Point-Of-Sale Payment Service Provider” award from the Global Economics institution. The platform operates in Egypt and Africa.

The Global Economics, is a British institution specialized in providing detailed performance analysis of companies in various financial and business sectors, covering the major parts of the globe.

The announcement took place in a ceremony held in Dubai in the United Arab Emirates, where Mahmoud Khedr, the OPay’s Business Development and Strategic Partnerships Director, received the award.

OPay, has recently signed a number of partnerships in the fields of electronic payments and specifically in the banking sector. The startup launched its operations in Egypt last year, and they work to provide all kinds of electronic services and innovative digital payment solutions to its customers in Egypt and Africa.

One of their recent partnerships is an an MoU with both Banque Misr and the National Bank of Egypt (NBE). Under which the company will provide e-payment and collection services via the internet to merchants, small and medium size enterprises (SMEs) and both banks’ partners through accepting all types of collections via the internet using all kinds of banking cards, in addition to QR code and request to pay (R2P) services.

OPay has future strategic plans to distribute tens of thousands of points of sales, and expand its vendors and retailers network across all of the Egyptian governorates.

Khedr also emphasized that the company is working towards giving the best service possible to its partners and customers in addition to its relentless pursuit in executing its expansive plans in order to provide the latest services and solutions in the FinTech and digital payments sector.

OPay, also signed an agreement with The Egyptian Company for Cards, in order to issue 200,000 smart prepaid cards for individuals and corporates, after getting the authorization of Egypt’s Central Bank (CBE).