Paymob, the leading financial services enabler in MENAP announces today that it has expanded its longstanding partnership with Shopify, the leading commerce platform, by launching embedded card and wallet payments.<\/p>\n
Paymob is one of the first regional payment service provider (PSP) to offer embedded checkout experiences to merchants in MENA.<\/p>\n
Embedded payments streamline the checkout process by keeping customers within the same user interface rather than navigating to external gateways.<\/p>\n
By reducing friction points, embedded payments have been shown to increase conversions by 40%.<\/p>\n
Additionally, embedded payments decrease cart abandonment and increase customer satisfaction.<\/p>\n
Paymob has also introduced digital merchant onboarding to enable fast, seamless setup of e-commerce stores on Shopify.<\/p>\n
Unlike manual onboarding, digital onboarding significantly reduces the time it takes for a business to start accepting payments by streamlining data collection, verification, and compliance checks.<\/p>\n
Paymob merchants in MENA can now launch fully operational e-commerce stores within 48 hours of onboarding.<\/p>\n
Omar El Gammal, EVP Global Business Development, Paymob commented: \u201cWith double digit e-commerce growth in the region led by the GCC countries where we operate, the market is projected to reach USD $57 billion by 2026.<\/p>\n
Our embedded payments offering and digital onboarding will fuel this market boom and enable more MENA merchants to grow their businesses in the digital economy.<\/p>\n
As the first regional PSP to offer these experiences, merchants know they can trust Paymob to offer localized, secure, cutting-edge solutions.\u201d<\/p>\n
Paymob is the leading omni-channel payments infrastructure provider in MENAP and offers its merchants the most comprehensive acceptance suite on the market, positioning it as a growth partner to SMEs.<\/p>\n
Paymob serves 250,000 merchants in Egypt, KSA, UAE, Oman, and Pakistan.<\/p>\n
Paymob is backed by regional and global investors including PayPal Ventures, Kora Capital, Clay Point Capital, Global Ventures, FMO, A15 and Nclude.<\/p>\n","protected":false},"excerpt":{"rendered":"
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