Forbes Middle East has released a list of the top 30 leading fintech companies in the region, featuring pioneering companies from across the Middle East. The list includes PaySky, a leading fintech company specializing in digital payment solutions and the technology operator for the “Yalla Super App” platform.
PaySky provides digital payment solutions to institutions, companies, and individuals. Founded by Waleed Sadek in 2017, the company has expanded its services and markets, becoming a service provider for the Central Bank of Egypt, as well as other central banks, banks, and institutions in 11 countries, including Egypt, the United Arab Emirates, Saudi Arabia, Qatar, Bahrain, Pakistan, Libya, Sudan, Uganda, Ghana, and Botswana.
In February 2022, PaySky launched “Yalla Super App” & “Yalla Card”, which surpassed one million users in less than eight months after its launch. It now has over two million users and transaction volumes exceeding EGP 2 billion, with more than 2.5 million downloads.
Forbes evaluates leading fintech companies by measuring several factors such as the size of financial transactions through platforms, number of app downloads, number of countries the company operates in, growth in the last year, and other factors.
PaySky is considered one of the most innovative companies as it uses the latest advanced technology to achieve digital transformation in banking, finance, and investment services. PaySky always seeks to provide a wide range of payment solutions for financial institutions, merchants, companies, and consumers worldwide, with a vision to democratize digital payments. PaySky aims to provide payment solutions for everyone, everywhere to pay and receive money by adopting its “Pay Now, Shop Later” strategy. This strategy encourages customers to save the value of their purchases in advance, in exchange for a discount on the price of the purchased item through its online store.