PayMob is a Payment Service Provider (PSP), offering a suite of financial technology infrastructure to serve end-consumers and merchants and increase financial inclusion.

Founders
Islam Shawky, CEO - Alain El-Hajj, COO - Mostafa Menessy, CTO
location
Cairo, Egypt
sector
Fintech, Financial Services
Website

Paymob is a Cairo-based electronic payment enabler that offers integrated infrastructure solutions across a wide range of payment methods and channels. The company was founded by Islam Shawky, Alain El Hajj and Mostafa Menessy in 2013. The company’s first technology offering was payment infrastructure technology for digital wallets. When the company entered in 2016, the digital wallet market was still nascent and the Egyptian population had been slow to adopt the wallet solutions. Paymob helped fast-track consumers in to the digital payment era by providing the infrastructure to Vodaphone Cash, Vodaphone’s mobile wallet solution. Vodaphone is now the leading mobile wallet operator and Paymob dominates the market with 87% of the total volume processing on digital wallets.