Press Release.
Cairo Festival City Mall (CFCM) is partnering with the international FinTech company Paymob, to provide all CFC Mall’s tenants with POS devices that allow for a wide range of payment methods, the payment possibilities include using debit, credit and Meeza cards, payments through installments, consumer finance options, as well as using digital wallets.
As Paymob has been providing the market with better access to financial services since 2015, its POS devices and wide range of payment solutions are set to provide great benefits to CFC Mall’s merchants and customers. Through Paymob, CFC Mall tenants and merchants now have diverse payment methods to present to their customers, via debit cards, credit cards, and Meeza cards, along with installment options through different banks, such as CIB, Banque du Caire, Banque Misr, and El Mashreq Bank. Paymob also facilitates payments via consumer finance enablers such as valU, Premium Card, Sympl, Contact, Souhoola, and Shahry.
“Paymob assists both online and offline merchants through a variety of products and solutions. The POS device helps merchants easily accept in-store payments through a wide range of methods. And using APIs, retailers can integrate our payment facilities into their websites or mobile applications,” said Islam Shawky, Paymob Founder and CEO.
“Our infrastructure is processing over 87% of mobile wallet transactions that take place in Egypt. Being one of the largest payment facilitators in the country, we deeply understand what is needed to provide merchants with a smooth, secure, and fast digitized payment process.”
Paymob has been executing millions of transactions and partnerships for various businesses of different sizes since 2015, in addition to its recent partnership with Cairo Festival City Mall. After being the first to raise $18.5 million in Egypt’s largest Series A round last year, they are now considered one of the largest in Egypt.