Cairo – Mubasher: Egypt’s digital payments provider Paymob has started operating in Pakistan, the world’s fifth-largest market for freelancing business.
The digital payments service provider aims to enable Pakistani merchants with online, point-of-sale (POS), and Tap-on-Phone payment solutions, according to a press release on Tuesday.
This comes in line with Paymob’s strategy to expand across the Middle East, North Africa, Afghanistan, and Pakistan (MENAP).
It is worth noting that more than 4 million small and medium-sized enterprises (SMEs) in Pakistan use over 80,000 POS terminals and less than 3,000 e-commerce gateways.
Co-Founder and CEO of Paymob, Islam Shawky, said: “This [launch] comes as an essential step after our successful journey in leading the Egyptian payments landscape where we enable over tens of thousands of merchants with innovative financial solutions.”
