Xpence, an award-winning B2B payments platform in the GCC, has entered into a partnership with Paymob, the premier financial services enabler in the MENA region.
The partnership was formalized during 24 Fintech, a global fintech conference held in Riyadh. The agreement marks a key milestone in the digital payment ecosystem for SMEs across the GCC. This will enable Xpence to integrate Paymob’s cutting-edge payment processing technology directly into its platform, allowing SMEs across the GCC to seamlessly collect both online and in-person card payments.
By integrating Paymob’s technology, Xpence’s platform is set to revolutionize the digital payment infrastructure available to businesses in the region, driving greater operational efficiency and scalability.
Paymob, launched in 2015, has emerged as the leading omnichannel payments infrastructure provider, equipping merchants with the most comprehensive acceptance suite in the market, delivered via its gateway, POS terminals and Paymob app.
Hussain Alherz Co-founder & COO – Xpence
“We are thrilled to partner with Paymob, a leader in fintech innovation, to bring advanced payment solutions such as e-invoicing and soft POS to our users. We will be rolling these features out to our customers in the UAE first, providing SMEs with the tools to simplify business payments and improve operational efficiency. This collaboration reinforces our commitment to empowering businesses across the GCC in today’s rapidly evolving digital economy.”
Omar El Gammal, EVP International Business Development at Paymob, stated that, “Our collaboration with Xpence is a strategic move that extends our payment solutions to more businesses in the GCC, enabling them to thrive in an increasingly competitive market. Together, we are setting a new standard for digital payments in the region.”
