Xpence, a B2B payments platform in the GCC, recently announced that it has entered a strategic partnership with Paymob, the leading financial services enabler in the MENA region, at 24 Fintech in Riyadh, Saudi Arabia. According to Industry sources, this partnership agreement displays a huge milestone in the digital payment landscape for SMEs across the GCC.
Industry sources further highlighted that this partnership will boost Xpence to leverage Paymob’s advanced payment processing technology directly into its platform, permitting SMEs throughout the GCC to seamlessly collect both online and in-person card payments.
Industry sources further confirmed that integration of Paymob’s technology into Xpence’s platform is poised to significantly boost the digital payment infrastructure available to businesses in the region, promoting greater efficiency and scalability in their operations. As the leading omnichannel payments infrastructure provider since its founding in 2015, Paymob offers merchants the most comprehensive acceptance suite in the market, delivered via its gateway, POS terminals, and Paymob app.
Hussain Al-Herz, Co-founder & COO at Xpence, stated: “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 of International Business Development at Paymob, added: “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.”
