PayMob is a Payment Service Provider (PSP) which offers a suite of financial technology infrastructure to serve end-consumers and merchants and increase financial inclusion.
Paymob enables online and offline merchants to accept payments from their customers using different products and solutions.
Paymob was founded in 2015 by Islam Shawky, Alain El Hajj and Mostafa El Menessy. The company is headquartered in Cairo, Cairo, Egypt.
Paymob works with businesses and merchants of all sizes. Its omnichannel payment infrastructure allows them to accept payments via various methods, including bank cards, mobile wallets, QR payments, bank cards’ installments, BNPL and consumer finance payment options.
Paymob also has a payment links feature where merchants share links with their customers to receive payments that are received using mobile wallets. Paymob’s product for offline retailers is a POS solution that comes with its own POS device enabling them to receive in-store card payments.
Paymob currently have over 100,000 local and international merchants using its payment gateways like Vodafone, LG, Virgin, Chalhoub Group, Swvl, LG, Decathlon, Breadfast and Homzmart.
Paymob is backed by PayPal Ventures, Kora Capital, Global Ventures, Clay Point, A15, FMO, Helios Digital Ventures, British International Investment, Nclude, and others. The company raised $50M in Series B round on May 09, 2022. This brings Paymob's total funding to $68.5M to date.