Paymob and Khazna partner to expand access to digital financial services in Egypt

  • Date: 07-Feb-2023
  • Source: Zawya
  • Sector:Technology
  • Country:Egypt
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Paymob and Khazna partner to expand access to digital financial services in Egypt

Cairo, Egypt: Paymob, the leading 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 in Egypt.

Merchants in Paymob’s network can now offer Khazna’s services via their integrated point of sale (POS) devices to Khazna’s customers. This partnership between Khazna and Paymob will boost the growth of merchants in Paymob’s network of 170,000 by offering them additional innovative solutions that meet consumer demands for flexible purchases.

The integration enables payment acceptance through a single POS device, delivering seamless, secure, and convenient customer experiences, while simultaneously making Khazna’s services widely accessible across Egypt 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 (CBE) recently launched Financial Inclusion Strategy, and ultimately Egypt’s Vision 2030.

Ahmed El Meadawy , General Manager of Khazna Egypt said, "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