Paymob, a financial services enabler in the Middle East, North Africa, and Pakistan (MENA-P), and Khazna, an Egyptian financial super app, announce a new partnership that will expand access to digital financial services, benefitting merchants and consumers across Egypt.
Merchants in Paymob’s network can now offer Khazna’s services via their integrated point of sale (POS) devices to Khazna’s customers.
By expanding access to digital financial services in the country, this partnership will fuel financial inclusion in line with the Central Bank of Egypt’s recently launched Financial Inclusion Strategy, and Egypt’s Vision 2030.
“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,” Ahmed El Meadawy, General Manager of Khazna Egypt, said.
Paymob was founded in 2015 and offers its merchants comprehensive payment acceptance methods via its gateway, POS, and Paymob app products.
Khazna was founded in 2020 to enhance the financial well-being of underbanked Egyptians, who have little access to formal financial services by providing access to convenient, customer-centric, and technology-driven services. 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.
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