Paymob Smart Payments Revenue and Competitors

Merchants still using dedicated hardware to accept card payments which is costly and hard to carry on, we provide solution entirely smartphone-based to be a lighter substitute that's already accredited by Visa and Mastercard. We invested our own £350k and received £100k pre-seed from Techstars to obtain a payment license in the UK to perform a proof-of-concept stage. At the seed investment stage, we are raising £2mln to level up our financial license to expand to more countries. Paymob is an innovative software development start-up company offering smart on-land payment solutions. The all-in-one Paymob solution empowers banks, fintechs and merchants with a bespoke payment infrastructure that includes a multi-banking payment gateway, stylish contactless payment terminals and certified ‘Tap-to-Phone' mobile application that turns almost any modern smartphone into a contactless payment terminal. The server-based infrastructure software EFTPOS (Electronic Funds Transfer at Point-of-Sale) has been designed to efficiently integrate with existing banking systems or can be used as an independent payment processing solution which streamlines several processing centres and allocates the transaction to the cheapest provider.