Egypt’s dynamic fintech sector continues to make significant waves on the global stage, with two of its prominent players, Paymob and Fawry, achieving prestigious recognition. Both companies have been distinguished by CNBC, earning their places on the esteemed list of the top 300 global fintech companies for 2025, a testament to their innovative solutions and profound impact on the financial landscape.
Securing a Spot Among Global Fintech Elite
Paymob and Fawry’s inclusion on CNBC’s meticulously curated list, developed in collaboration with Statista, underscores their leadership within Egypt’s rapidly expanding digital economy. This recognition highlights their pivotal roles in driving financial inclusion and modernizing payment infrastructure, showcasing Egypt’s prowess in developing world-class fintech solutions.
Paymob’s Journey to Payment Facilitation Excellence
As a leading payment facilitator, Paymob empowers businesses across various sectors to seamlessly accept both online and offline payments. Under the leadership of CEO Islam Shawky, Paymob has rapidly expanded its footprint, offering comprehensive payment solutions that cater to the evolving needs of merchants and consumers alike. Their innovative approach has significantly contributed to the digital transformation of Egypt’s commercial ecosystem.
Fawry: Pioneering Electronic Payments in Egypt
Fawry has long been synonymous with electronic payments in Egypt, establishing itself as the country’s largest and most comprehensive electronic payment network and financial services company. Led by CEO Ashraf Sabry, Fawry provides a vast array of services, enabling millions of Egyptians to process payments conveniently and securely. Its extensive network and diverse offerings have made it an indispensable part of daily financial transactions for individuals and businesses nationwide.
Egypt’s Flourishing Fintech Ecosystem
The concurrent recognition of Paymob and Fawry by a global authority like CNBC serves as a strong indicator of the robust growth and immense potential within Egypt’s fintech landscape. The country has fostered an environment conducive to innovation, attracting investment and nurturing startups that are poised to reshape the future of finance both domestically and regionally. This global acknowledgment further solidifies Egypt’s position as a burgeoning fintech hub in the MENA region.
About Paymob
Paymob is a leading payment facilitator revolutionizing the way businesses accept payments. Providing a comprehensive suite of online and in-store payment solutions, Paymob enables merchants to grow by streamlining their financial operations and enhancing customer experiences across the MENA region.
About Fawry
Fawry is Egypt’s leading electronic payment network, offering a wide range of financial services to consumers and businesses. Through its extensive network of payment channels, Fawry facilitates bill payments, money transfers, and various other financial transactions, playing a crucial role in advancing digital financial inclusion in Egypt.
Looking Ahead
The global recognition of Paymob and Fawry is not merely an accolade but a catalyst for further innovation and expansion. These companies, along with the broader Egyptian fintech sector, are well-positioned to leverage this momentum, attract more international attention and investment, and continue their trajectory of growth, driving digital transformation and economic development across the region. Their success exemplifies the significant progress being made by MENA-based startups on the international stage.
Source: Arab Founders
