Karachi, Pakistan, 05 October, 2022 – Paymob, the leading omnichannel payments gateway, and financial technology enabler in MENAP, and Pakistan Freelancers Association (PAFLA) signed a memorandum of understanding (MOU) to facilitate payments acceptance for freelancers in Pakistan.
The MOU will allow freelancers to seamlessly accept payments in a secure ecosystem via the Paymob payments gateway. Gaining access to a variety of digital payments methods enables freelancers in Pakistan to offer their services to a global marketplace.
Pakistan is one of the world’s fastest growing freelance markets. In 2021 it reported a 47% increase in growth over the previous year and was ranked the largest freelance market in Asia. Spurred by the global gig economy, the disruption caused by the COVID-19 pandemic and a young, digital native population, limitations in payments acceptance have been a hindrance to growth. The partnership between Paymob and PAFLA will bridge that gap.
“Pakistan has constantly been the fourth fastest growing freelancing market in the world with the revenue summed up to $500,000, it is opening its employment avenues for the young professionals”, said Fawad Abdul Kader, Paymob’s Country Manager in Pakistan. “Our partnership creates opportunities for the freelance community to thrive and gain access to the latest payment technologies in Pakistan via this gateway”, he added.
PAFLA, led by Tufail Ahmed Khan, was founded as a non-profit organization to empower and encourage Pakistani freelancers through mentoring, providing opportunities, collaborating with government, industry, and academia. It draws out a platform along with support groups to help them grow their career and overcome challenges.
Ibrahim Amin, Co-Founder of PAFLA said, “We are honored to partner with Paymob which has pioneered an innovative fintech solution for the freelancers in Pakistan. This easy digital payment method will enable the freelancer to thrive more in their field. It is a great opportunity for freelancers to encounter innovation and enhance their skills.”
Paymob is the leading financial services enabler in the Middle East, North Africa and Pakistan (MENAP), delivering the latest financial technologies to customers in the region. Its omnichannel gateway offers more than 30 payment methods and empowers over 120,000 SME merchants to manage and scale their businesses by giving them access to financial services not readily available in emerging markets.
Headquartered in Cairo, Egypt, Paymob is the largest payments facilitator in North Africa and employs 1,100 team members across MENAP. The company launched operations in Pakistan in 2021.
Paymob was founded in 2015 by Islam Shawky, Alain El Hajj, and Mostafa Menessy.
Visit www.paymob.com for more information