OPay, Egypt ’s and Africa’s largest fintech one-stop mobile-based payment and collection platform, has won the ‘Best New Point-Of-Sale (POS) Payment Service Provider’ award from the ‘Global Economics’ institution.
“We are proud with the winning of the 2021 Best New Point-Of-Sale Payment Service Provider award from ‘The Global Economics’ institution. This award reflects the commitment of our dedicated team of experts in digital and technological sectors to build a brand that wins the confidence of our partners and customers,” Mahmoud Khedr, the company’s Director of Business Development and Strategic Partnerships, said at an event in Dubai, United Arab Emirates.
Global Economics is a British organisation that specializes in delivering extensive performance analysis of corporations in a variety of financial and commercial sectors across the globe.
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After a fierce competition with major financial services companies in the Egyptian market, OPay was awarded the prize. The award comes on the heels of the company’s strategic plans to distribute tens of thousands of points of sale and expand its vendor and retailer network across all of Egypt’s governorates.
Opay Grows In Egypt By Leaps And Bounds A Year After Launch
Since launching operations in Egypt last year, OPay has experienced significant growth in the Egyptian market, as the company aims to deliver all types of electronic services and new digital payment solutions to its consumers in Egypt and Africa.
Mr. Khedr stressed that the firm is “working towards offering the greatest service possible to its partners and customers,” in addition to its unwavering commitment to carrying out its ambitious ambitions to provide the most cutting-edge fintech and digital payments services and solutions.
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OPay Egypt and North Africa has recently formed a number of successful collaborations in the fields of electronic payments and banking.
It recently signed an MoU with both Banque Misr and the National Bank of Egypt (NBE), under which the company will provide electronic payment and collection services via the internet to merchants and small and medium-sized enterprises (SMEs) as well as the banks’ partners by accepting all types of collections via the internet using all types of banking cards, as well as QR code and R2P (Request To Pay) services.
Both banks’ credit card holders will be able to use the company’s installment services.
After receiving approval from Egypt’s Central Bank, OPay also signed an agreement with The Egyptian Company for Cards to issue 200,000 smart prepaid cards for individuals and businesses (CBE).
Opay Egypt POS Opay Egypt POS
Charles Rapulu Udoh
Charles Rapulu Udoh is a Lagos-based lawyer who has advised startups across Africa on issues such as startup funding (Venture Capital, Debt financing, private equity, angel investing etc), taxation, strategies, etc. He also has special focus on the protection of business or brands’ intellectual property rights ( such as trademark, patent or design) across Africa and other foreign jurisdictions.
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