The people behind Pay Mob just launched a sister company, Accept Payments, and are helping businesses grow by offering a single solution for companies to accept different payment methods for their products and services.
These payment methods include cash and card on delivery, cash collection, mobile wallet payments, kiosk payments, and online card payments. “Our aim is to enable businesses to reach their maximum growth potential and guarantee each sale by reaching every sector possible and allowing their clients to pay them whichever way they choose at an affordable price,” said Islam Shawky, co-founder and CEO of Accept.
Over the past years, Egypt has proven itself an emerging market, with different businesses paving the way to economic growth. An essential factor of this economic growth is digitalisation. One of the key elements of digitalisation is digitising payments, which not only contributes to business and economic growth, but also pushes towards financial inclusion. Financial inclusion is a key enabler to reducing poverty and boosting prosperity.
The initiative of the National Council for Payments was established in 2017, aiming at reducing the use of banknotes outside the banking system and giving electronic payments and national payment systems a push. This led to Egypt being chosen, along with China and Mexico, as a model country in a new Financial Inclusion Global Initiative by the World Bank Group in July 2017.