Paymob

Paymob is an Egyptian fintech company that provides omnichannel payment infrastructure for merchants of all sizes. Founded in 2015, the company enables businesses to accept various payment methods including bank cards, mobile wallets, QR payments, installments, and buy-now-pay-later (BNPL) options. Paymob offers both online and in-store payment solutions, including a point-of-sale (POS) system for offline merchants and a payment gateway for ecommerce transactions. The company has expanded its services to include a new checkout platform and cards for B2B transactions.

Paymob's technology allows merchants to plug in different payment solutions at checkout, providing flexibility for consumers. In May 2022, the company introduced a tap-on-phone contactless payment product in partnership with Mastercard, enabling small merchants to turn their NFC-enabled smartphones into POS devices. This innovation aimed to reduce barriers for micro and small merchants who find traditional POS hardware costs prohibitive.

The company has experienced significant growth, with its merchant base expanding from 35,000 in 2021 to over 250,000 across the Middle East, North Africa, and Pakistan by 2024. The company's total payment volume reached USD 5 billion in 2020, with monthly volumes growing four times year-on-year as of December 2021.