| Company type | Private |
|---|---|
| Industry | Digital Payments, Fintech |
| Founded | April 2017 |
| Founder | Waleed Sadek |
| Headquarters | Cairo, Egypt |
Area served | Egypt, UAE, Saudi Arabia, Pakistan, Libya, Sudan, Uganda, Botswana, Ghana, Ivory Coast, Senegal, Mali, Benin, Togo, Cameroon |
| Services | Digital payment solutions, payment gateways, financial services, mobile apps |
Number of employees | 200+ |
| Website | www.Paysky.com |
Paysky is an Egyptian fintech company that provides digital payment technologies for banks, businesses, governments, and individuals across the Middle East, Africa, and Asia. [1]
Paysky was established by Waleed Sadek in Cairo, Egypt, in 2017. [2] [3] In 2019, Paysky launched the National Payment Gateway in collaboration with the Central Bank of Egypt, enabling e-commerce transactions, QR code payments, and POS acceptance. [4] The company also partnered with Visa [5] and MasterCard to introduce new digital payment technology in Egypt.
In 2020, Paysky expanded regionally by launching the Libyan National Payment Gateway with Moamalat, the Central Bank of Libya. [6]
In 2021, it launched the National Payment Gateway in Libya, allowing local banks and businesses to accept payments through online platforms and POS systems. [7]
In 2022, the company introduced the Yalla Super App, the first fully-fledged digital financial services platform in the Middle East and Africa, in partnership with Visa. [8] The app offers a range of services, including money transfers, online payments, transportation bookings, and daily needs ordering. [9] [10]
In 2023, Yalla Super App achieved over 3 million downloads in Egypt and processing more than 13 million transactions totaling 12 billion EGP in transactions during its first year. Paysky also partnered with MTN to develop a digital commerce platform, reaching 2 million merchants across 16 African markets. The platform integrated MTN’s internal systems, local delivery services, and global digital payment solutions, generating over $1 billion in additional revenue within the first year. [11] [12] [13] [14]
In February 2023, Yalla Super App partnered with Dahab Masr to introduce "Yalla Invest," enabling users to invest in gold starting from 0.25 grams through the app. [15] In August, GIM-UEMOA partnered with Paysky to develop GIMpay across eight West African countries. [16] [17]
In 2024, Paysky developed a regional payment gateway for GIM UEMOA, covering eight West African nations. [18] The company was also featured in Forbes Middle East’s Fintech 50 in 2024 and 2025. [19] [20] [21]
In February 2025, Paysky partnered with MTN Group Fintech to launch "Market by MoMo," an e-commerce platform in Uganda. [22] [23] [24] In March 2025, it partnered with MTN Group and FinCommerce to enhance e-commerce in Africa by improving mobile payment technologies. [25]
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