Boosting the electronic payment sector
A15, creator for digital products and technology brands announced its partnership with PayMob, the provider for electronic services such as banks and mobile operators. PayMob develops innovative technologies aiming to convert cash into electronic payments.
Mr Fadi Antaki, the A15 Executive manager believes that by using electric payment both in country and abroad, Egyptians have become more receptive. Currently Egypt sits high and proud at the 12 place in best investment markets for e-commerce worldwide. From Central Bank of Egypt (CBE) findings of 2010, Egypt has 40% more credit cards and 36% more debit cards in use since.
This brings great opportunity for PayMob
During early days of PayMob, refining the company’s product offerings were aimed at to guarantee providing high value to stakeholders. However, now the company empowers merchants with services and guidance such as online payment, in-app, in-store, mobile wallets and/or cash collection to improve and facilitate their payment collection cycles.
Mr. Shawky, who is the executive manager at PayMob Islam explained that the company is working on developing creative models for electronic payments and improving the payments system environment. In the first two quarters of 2016, PayMob has achieved a growth rate of 750% and plans for this rate to reach 2,000% before the end of 2016.
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