Paymob and MID Takseet Collaborate to Increase Access to Consumer Financing Options in Egypt

To improve access to consumer finance solutions in Egypt, Paymob, a financial services provider in the Middle East, North Africa, and Pakistan (MENAP), has partnered with MID Takseet, a consumer finance company.

Maurine Lind

March 28, 2024

2Min Reads

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Wealth

Paymob was established in Egypt in 2015, and since then, its gateway has provided the most extensive and varied range of payment acceptance methods in North Africa, establishing it as a reliable growth partner for companies of all kinds.

Through this strategic relationship, Paymob's extensive network of over 250,000 merchants and their consumers in Egypt will have access to MID Takseet's flexible payment plans and financing services.

Paymob plans to incorporate MID Takseet into its point of sale (POS) terminals in phases to enable in-store card and digital wallet transactions. The second phase will involve internet integration.

Mahmoud El-Ghawas, CEO of MID Takseet, stated, "MID Takseet is committed to incorporating cutting-edge technology and payment solutions to enhance our clients' capabilities." In collaboration with Paymob, a top payment facilitator, we strive to provide outstanding services with a top priority of client happiness.

"We are able to integrate Paymob-affiliated merchants into our network, facilitating a seamless purchasing and payment experience through an extensive network of merchants,” the statement reads.

Paymob's CCO, Gillan Shaaban, said, "We are excited to work with MID Takseet to offer their state-of-the-art consumer finance solutions to our merchants." According to data, businesses develop when they provide a range of flexible payment choices to their clients. This leads to an 18% rise in sales conversions and a 33% increase in basket size.

"Paymob's mission to empower businesses to compete in the digital economy and contribute to sustainable, inclusive economies" continues with our relationship with MID Takseet.

By providing cutting-edge non-banking financial solutions, MID Takseet promotes customer and corporate success. It has become a leader in consumer finance by enhancing financial inclusion and keeping up with digital changes through its programs. Additionally, MID Takseet offers installment services for a range of products via its mobile app, increasing users' convenience and financial flexibility.