X-ERA Egypt, a FinTech and logistics solutions provider, and Paymob, a financial services enabler in the MENA-P region, signed a partnership agreement to digitize B2B payments for tens of thousands of grocers and small retailers in Egypt.
Paymob’s payment 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. Credit cards, digital wallets, and other types of payments from Paymob’s offering on the X-ERA app will now be seamlessly and securely processed through Paymob’s gateway.
This partnership will digitize how grocers and small businesses operate and will serve to fuel their growth in the digital economy. Using Paymob’s technology, X-ERA merchants can also pay their utility and telecom bills to further digitize their businesses.
“I am very thrilled to sign this important agreement with Paymob, the leading digital payments and FinTech service provider in Egypt and beyond. This cooperation aligns with X-ERA’s strategy to redevelop Egypt’s informal commercial market, by providing a package of diversified fintech tools and payment solutions to small grocers, corner shops, and small and medium-sized merchants in different governorates throughout Egypt,” said Mahmoud ELenani, X-ERA’s CEO.
ELenani added that the partnership would empower small grocers and merchants to get a huge assortment of goods and FMCG products very easily via smartphones around the clock, while helping them raise business efficiency and operation volume, and contribute to fast-track digitalization of E-commerce in the informal FMCG market.
X-ERA for Digital Business Solutions is a UAE company based, working in the retail and logistics digitalization field, to invest in digital business solutions in different sectors. X-ERA re-develops the informal market using innovative business solutions and enabling technologies designed to fit all the needs of SME merchants in all the areas it serves.
Since its founding in Egypt in 2015, Paymob has offered its merchants the most comprehensive payment acceptance methods.
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