Paymob and Shahid develop VOD digital funds in Egypt

Paymob and Shahid develop VOD digital funds in Egypt
Egypt-based fintech Paymob has partnered with streaming platform Shahid to allow the latter’s clients to pay for subscriptions by way of digital wallets.

With this partnership, Shahid – which beforehand solely accepted bank card funds in Egypt – turns into one of many first subscription video on demand (SVOD) service out there to supply its subscribers e-wallet cost choices. This API integration will allow Shahid subscribers to pay subscription charges securely with any native e-wallet. With an estimated 25 million e-wallet customers in Egypt, the partnership with Paymob will develop Shahid’s potential buyer base considerably.

Paymob and Shahid develop VOD digital funds in Egypt

Paymob’s officers acknowledged that they’re proud to be the primary funds gateway to energy e-wallet funds for VOD subscriptions in Egypt. Their know-how allows Shahid to cleared the path within the business, making SVOD extra accessible to hundreds of thousands of individuals by increasing digital funds acceptance strategies.

Paymob’s legacy within the Egyptian e-wallet market

E-wallets have quickly gained client adoption because of their ease of use, comfort, and added safety. They provide customers quick, simple, and seamless buyer experiences anticipated within the digital age. In Egypt, Paymob processes 87% of e-wallet transaction volumes and allows hundreds of thousands of e-wallet customers on its infrastructure railways. Representatives from Shahid commented that they’re glad to announce their newest partnership with Paymob, by means of which VF Money would be the unique telco pockets for Shahid.

What does Paymob do?

Paymob is a monetary companies enabler within the Center East, North Africa, and Pakistan (MENAP), delivering the most recent monetary applied sciences to clients within the area. Its omnichannel gateway gives greater than 40 cost strategies and empowers over 170,000 SME retailers to handle and scale their companies by giving them entry to monetary companies not available in rising markets.

Headquartered in Cairo, Egypt, Paymob is a funds facilitator in North Africa and employs 1,400 crew members throughout MENAP. The corporate launched operations in Pakistan in 2021 and was based in 2015.

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