Paymob, a digital payment solution, is set to begin in Pakistan in April. The goal of the project was to strengthen Pakistan’s startup economy. The expansion of Pakistan’s start-up industry, which received more than $350 million in investment last year.
Islam Shawky, the current CEO and founder of Paymob, launched the company in 2015. It is a payment method that allows for a simple transaction. It goes on to impact the future dynamics of businesses.
Paymob, an Egyptian start-up, is a monetary solution that allows users to conduct transactions in any part of the world with only one click. Paymob has launched its home market in conjunction with MasterCard Inc.
The CEO and creator, Islam Shawky, wants to focus on small and medium businesses because they are the backbone of the economy. Within two years, he claimed, firms hoped to have 100,000 traders in Pakistan.
The start-up that allows internet businesses to collect and transfer money is now in high demand as businesses expand.