Forbes Middle East has unveiled the “Middle East’s Top 25 Fintech Companies for 2022, highlighting the innovators in financial services that are helping businesses go digital and enabling consumers to embrace convenience in the way they make payments and move money. Egypt’s Fintech Paymob, breaks into the top 25 fintech companies on Middle East.
Paymob enables merchants to accept and disburse payments over 28 different methods. The company had 100,000 active users in 2021. It operates in Egypt, Jordan, Pakistan, and Kenya. In November 2021, Paymob partnered with Mastercard to introduce tap-on-phone payments in Egypt, which is a contactless card and mobile wallet. In May 2022, Paymob raised $50 million in funds, bringing its total funding to $68.5 million.