What's Hot

    Tech African Women startup accelerator launches in Ethiopia

    August 17, 2022

    Appetito and Purity sign MoU

    August 16, 2022

    Afriguild strikes investment deal with Adaverse  

    August 15, 2022
    Gulf Africa ReviewGulf Africa Review
    • Industry
    • Infrastructure
      1. Airport
      2. Hospitality
      3. Ports
      4. Power
      5. Rail
      6. Roads
      7. Transport
      Featured

      Osun seeks to capitalise on infrastructure momentum

      Infrastructure May 21, 2018
      Recent

      Rotana enters Algerian market with new Oran resort

      August 11, 2022

      AD Ports Group and Hutchison Ports Sign MoU on Tanzanian projects

      August 3, 2022

      Mulk International to develop USD 500 million high-tech park in Zimbabwe

      July 22, 2022
    • Business & Trade
      1. Agri-Business
      2. Entrepreneurship
      3. FDI
      4. Legislative
      5. MEA
      6. Telecoms
      7. Properties
      Featured

      Analysts predict bullish future for Nigeria’s REITs market

      Business Business & Trade January 21, 2018
      Recent

      Abu Dhabi’s non-oil foreign trade climbs to USD 33 billion in H1 2022

      August 15, 2022

      AD Ports Group and Hutchison Ports Sign MoU on Tanzanian projects

      August 3, 2022

      Kenya and UAE begin talks on Comprehensive Economic Partnership Agreement

      July 29, 2022
    • Finance
      1. Banking
      2. Islamic finance
      Featured

      MENA startups raise USD105 million in July, the lowest amount in 2022

      Business FDI Finance Innovation August 8, 2022
      Recent

      MENA startups raise USD105 million in July, the lowest amount in 2022

      August 8, 2022

      IsDB: Islamic Development Bank Group announces USD 10.54 billion package to address food security

      August 1, 2022

      The United Bank for Africa Group expands to EMEA

      July 25, 2022
    • Innovation
    Gulf Africa ReviewGulf Africa Review
    Finance

    PaySky to launch digital payment solutions in the UAE

    July 4, 20223 Mins Read
    Facebook Twitter Pinterest LinkedIn Tumblr Email
    PaySky
    PaySky is a leading Egyptian digital payment solution provider.
    Share
    Facebook Twitter LinkedIn Pinterest Email

    PaySky, a leading Egypt digital payment solutions provider, to launch services in the UAE.

    PaySky, a digital payment solutions provider based in Egypt, will launch a series of services in the UAE. Supported by Visa, the fintech firm will offer its Yalla Card and Super App in the UAE. The solutions will offer a series of digital payment tools for financial and other services by the third quarter of 2022.

    Digital payment solutions

    PaySky has seen success in the Egyptian market and will launch a number of payment solutions. Yalla Money enables customers to send and receive money and make payments online and in-store, Yalla Bills allows users to pay for utilities, bills and various top-ups, Yalla Mall is an e-commerce solution that allows users to buy and order products online. Yalla Gift Vouchers allow for the purchasing of electronic gift vouchers, Yalla Investment offers stock and trading options and Yalla Offers providers users with discounts through a range of merchants, restaurants and brands. The platforms will be offered through the Yalla Super App. In addition, in Egypt, the app also enables users to undertake a range of actions such as making insurance payments and partaking in loyalty programs.

    Demand for digital banking

    IDnow Middle East’s and YouGov’s recent digital identity proofing and verification report indicated that 82% of bank customers preferred to bank and make transactions online, while 76% of UAE residents sought an online banking account opening process. 86% of those without a bank account indicated that complex procedures had stopped them from opening an account.

    Dr. Waleed Sadek, Founder and CEO of PaySky said of the UAE expansion, “This expansion is based on extensive research done by the company to explore and satisfy the unmet needs of the UAE residents and corporates by providing them with different financial and non-financial services. This step came after the remarkable achievements of Yalla Super App and Yalla Card in Egypt, where the number of downloads exceeded 800,000 downloads in the first 100 days after its launch, with a total number of transactions exceeding 500,000 and a transaction volume exceeding half a billion EGP.”

    The UAE’s support for PaySky

    PaySky has won a series of awards and is a leading digital payment provider in Egypt. The company was named the “Fastest Growing Omni-Channel Payment Solutions Provider in Egypt” by Global Economics in 2021. In 2018, the company was selected to join Hub71’s accelerator program at Abu Dhabi Global Markets (ADGM).

    Fintech firms continue to dominate the startup ecosystem across the MENA region and Egyptian startups are proving successful in capturing significant levels of investment.

    ADGM Egypt Fintech Hub71 PaySky UAE
    Share. Facebook Twitter Pinterest LinkedIn Tumblr Telegram Email
    Previous ArticleMSG Group invests USD 60 million to build cement plant in Somaliland
    Next Article AD Ports to acquire majority stakes in Egyptian maritime firms

    Related Posts

    Business Innovation

    Tech African Women startup accelerator launches in Ethiopia

    August 17, 2022
    Business FDI Innovation

    Appetito and Purity sign MoU

    August 16, 2022
    Business Culture & Society Education

    Afriguild strikes investment deal with Adaverse  

    August 15, 2022
    Add A Comment

    Leave A Reply Cancel Reply

    LATEST STORIES

    Tech African Women startup accelerator launches in Ethiopia

    August 17, 2022

    Appetito and Purity sign MoU

    August 16, 2022

    Afriguild strikes investment deal with Adaverse  

    August 15, 2022

    Abu Dhabi’s non-oil foreign trade climbs to USD 33 billion in H1 2022

    August 15, 2022

    Convertedin raises USD 3 million in Seed round

    August 12, 2022
    • Business
      • Agri-Business
      • Entrepreneurship
      • FDI
      • Legislative
      • MEA
      • Properties
      • Telecoms
    • Infrastructure
      • Airport
      • Hospitality
      • Ports
      • Power
      • Rail
      • Roads
      • Transport
    • Finance
      • Banking
      • Islamic finance
    • Commodities
      • Agri commodities
      • Metals & minerals
      • Precious metals
    • Culture & Society
      • Education
      • Energy
    GAR logo
    © GulfAfricaReview.com 2014-2022, All Rights Reserved.

    Gulf Africa Review is a trade news and future networking platform for businesses leaders and trade organisations, established to first inform and secondly assist in facilitating the ongoing business and trade relations between the Gulf Cooperation Council countries and Sub-Saharan Africa. We aim to provide an apolitical voice for this channel of economic activity in a way that benefits both geographies by improving the availability of information about market events, developments and opportunities, while publicising the successes achieved by this ever-broadening regional relationship.

      Subscribe to our newsletter

      Type above and press Enter to search. Press Esc to cancel.