Opay wins the best Point-Of-Sale Payment Service Provider Award from The Global Economics institution

Frontier fintech platform Opay, recognized as a mobile payment and collection service platform for Egypt and Africa, has won the ‘Best New Point-Of-Sale Payment Service Provider’ award from ‘The Global Economics’ institution.

Mr. Mahmoud Khedr received the award, the company’s Director of Business Development and Strategic Partnerships, at the event held in Dubai, United Arab Emirates.

Global Economics is a UK-based institution that provides a concise analysis of current trends for companies in various business sectors covering significant parts of the world.

Opay won the award after a keen competition with critical players in the financial services companies in the Egyptian market. To attest to the company’s efforts and successes, which comes from Opay’s strategic plans to distribute tens of thousands of points of sales and expand its retail outlet network across Egypt.

Opay has become the best emerging company in the Egyptian market since it began operations in 2021. The platform provides various electronic services and innovative digital payment solutions to Egypt and across Africa users.

Khedr commented on winning the prestigious award, “We are proud with the winning of the 2021 Best News Point-Of-Sale Payment Service Provider award from ‘The Global Economics’ institution. This award reflects the commitment of our dedicated team of experts in the digital and technological sectors. to build a brand that wins the confidence of our partners and customers.” Khedr also reiterated that the company offers the best possible services to partners and users. Opay is also continuing its expansion plans to provide modern services and solutions in digital payments as they are made available.

Opay, Egypt, and North Africa have also signed profitable partnerships in electronic payments, particularly in the banking sector. For example, the platform signed an MoU with Banque Misr and the National Bank of Egypt (NBE). The partnership offers Opay the basis to provide electronic payment and collection services via the internet to small and medium-sized enterprises (SMEs), using all kinds of banking cards, in addition to QR code and R2P (Request to Pay) services.

Opay received authorization from the Central Bank of Egypt (CBE) to partner with the Egyptian Company for Cards and issue 200,000 smart prepaid cards for individual and corporate users.