Paymob, one of the leading financial services providers in the MENA-P region and Khazenly have signed a partnership agreement that will enable merchants to fully digitize business operations.
Khazenly is Egypt’s on-demand digital warehousing and fulfilment management platform. The partnership creates an end-to-end ecosystem that combines Paymob’s multiple digital payment acceptance and payout solutions with Khazenly’s digital fulfilment and warehousing services, the companies said in a statement. Islam Shawky, Paymob’s Co-founder and CEO said:
“We are particularly excited about this partnership with Khazenly that demonstrates our commitment to digitize B2B payments which are central to the digital transformation of any business. By combining our value proposition with that of Khazenly, we are creating a comprehensive, digital B2B logistics and payments solution. As the agents of inclusive growth in any economy, SMEs in Egypt will benefit the most from our partnership with Khazenly which will open new opportunities for them.”
Merchants who are a part of this ecosystem, also have access to Paymob’s real-time payments reporting dashboard for instant financial visibility. The technology integration will transform how merchants do business in Egypt, resulting in streamlined operations and more efficient transaction lifecycles, while significantly expanding merchants’ customer base.
Mohamed Younes, Khazenly’s Co-founder and CEO said: “Khazenly’s core mission is to grow the e-commerce market across Egypt and the region. Hence, partnering up with one of the region’s leading e-payment players, Paymob, is very exciting for us, as we believe that together we can enable the transition from offline to online for all our merchants via offering comprehensive solutions from the first mile to payment services.”
According to a recent McKinsey report, digital adoption and online spending are projected to grow in the Middle East. In Egypt, McKinsey described the country as having greatest potential to grow its digital capabilities, as around 71 per cent of its population have access to the internet.
