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OPay wins The Global Economics 2021 Award for best new POS payment services provider in Egypt

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OPay, the leading fintech one-stop mobile-based platform for payment and collection services in Egypt and Africa, has won the ‘Best New Point-Of-Sale Payment Service Provider,’ award from ‘The Global Economics’ institution. The announcement took place in a ceremony held in Dubai in the United Arab Emirates. Where Mr. Mahmoud khedr, the company’s Director of business development and strategic partnerships, received the award.

The Global Economics is a British institution specialized in providing detailed performance analysis of companies in various financial and business sectors, covering the major parts of the Globe. OPay, won the award after an intense competition with major financial services companies in the Egyptian market. As a testament to its efforts and successes, which are the result of the company’s strategic plans to distribute tens of thousands of points of sales. And expanding its vendors and retailers network across all of the Egyptian governorates. 

OPay, has been the fastest growing company in the Egyptian market since it launched its operations in Egypt last year. As the company works to provide all kinds of electronic services and innovative digital payment solutions to its customers in Egypt and Africa. 

Mahmoud Khedr, expressed his delight at the winning of this prestigious award saying: “we are proud with the winning of the 2021 Best New Point-Of-Sale Payment Service Provider award from ‘The Global Economics’ institution. This award reflects the commitment of our dedicated team of experts in the digital and technological sectors. To build a brand that wins the confidence of our partners and customers.”

Mr. Khedr emphasized that the company is “working towards giving the best service possible to its partners and customers,.” In addition to its relentless pursuit in executing its expansive plans in order to provide the latest services and solutions in the fintech and digital payments sector.

OPay Egypt and North Africa, has recently signed a number of successful partnerships in the fields of electronic payments and specifically in the banking sector. It has recently signed an MoU with both Banque Misr and the National Bank of Egypt (NBE). Under which the company will provide electronic payment and collection services via the internet to merchants and small and medium size enterprises (SMEs). And the partners of both banks through accepting all types of collections. Through the internet using all kinds of banking cards, in addition to QR code and R2P (Request To pay) services.

The company will also provide installment services for the credit card holders from both banks. OPay also signed an agreement with The Egyptian Company for Cards, in order to issue 200,000 smart prepaid cards for individuals and corporates, after getting the authorization of Egypt’s Central Bank (CBE).

 

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Lersha Showcases Innovation and Collaboration at GITEX Africa 2024

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Lersha, a one-stop digital platform, recently participated in GITEX Africa 2024, an event celebrated for its networking and exposure opportunities within the tech ecosystem. The event proved to be a platform for Lersha to engage with industry stakeholders, forge strategic partnerships, and showcase its commitment to driving innovation in Africa.

Embracing the theme of innovation and investment, Lersha navigated the vibrant tech landscape of Africa with strategic objectives and meticulous preparation. The event provided a conducive environment for Lersha to foster cross-border collaborations, exchange insights with startups, and explore investment opportunities, contributing to the advancement of African innovation.

Reflecting on the experience, Satta Abraham, Strategy and Growth Lead at Lersha, remarked, “GITEX Africa was an invaluable opportunity for us to connect with industry leaders, exchange ideas, and establish meaningful partnerships. We are excited to harness these connections to drive forward African innovation and empower communities.”

One of the highlights of the event was the productive engagement with the International Finance Corporation (IFC) team. Lersha’s Strategic and Growth Lead participated in insightful discussions, exploring avenues for collaboration and growth over dinner.

Furthermore, Lersha actively contributed to the panel discussion on “Agtech for Financial Inclusion,” where its Strategy & Growth Lead shared key insights on leveraging AgTech to promote financial inclusion in Africa. This discussion underscored Lersha’s commitment to utilizing technology to address pressing challenges in the agricultural sector and enhance financial accessibility for all stakeholders.

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In addition to participating in panel discussions, Lersha showcased its digital solutions alongside other innovative startups, demonstrating its role in shaping the future of Africa’s digital landscape. From cutting-edge technology to groundbreaking ideas, reaffirming its dedication to driving positive change through innovation and collaboration.

As Lersha continues to expand its footprint in Africa, the company remains committed to leveraging technology to empower communities, drive economic growth, and foster sustainable development across the continent.

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Ark-x: Revolutionizing Tech Talent

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Ark-x is committed to accelerating the Moroccan and African tech ecosystems by ensuring the availability and competitiveness of tech talent through agile, scalable, upskilling, and reskilling solutions. This effort is part of the broader JOBINTECH project, a government-sponsored program.

Founded in 2019, Ark-x has been pivotal in addressing the disparity in access to skilled jobs in Morocco. The “Talent Factory” offers comprehensive training programs designed to transform potential candidates into job-ready professionals, ready to meet industry demands.

“Our mission is to unlock the potential of individuals and organizations through competency-based talent solutions,” said Hamza DEBBARH, Founder and CEO of Ark-x. “With advancements in AI, robotics, and IoT, it’s crucial to equip our workforce with the necessary skills to lead in this new era.”

Key Challenges Addressed:

  • Skill Gap: Rapid technological advancements have created a mismatch between available skills and industry needs.
  • Talent Shortage: Companies struggle to find qualified entry-level developers.
  • Economic Impact: Underutilization of local talent hampers economic growth and innovation.

Solutions Provided:

  • Skills-based Training: Comprehensive bootcamps focusing on in-demand tech skills.
  • Career Coaching: Workshops to enhance soft skills and job readiness.
  • Industry Partnerships: Collaborations with leading tech companies for real-world project experience.

Outcomes:

  • 1000 Careers Accelerated: With a goal to accelerate 10,000 careers by marrying scalability with adaptability.
  • 90% Placement Rate: High success rate of graduates securing positions in top tech firms.
  • 95% Recruiter Satisfaction: Achieved through a recruiter-centric approach engaging recruiters early in the program engineering phase and throughout the talent journey.
  • 89% Trainee Satisfaction: Through experiential learning, real-world problem solving, and expert coaching, delivering a transformative, individualized experience.

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Our commitment to excellence has been recognized by leading tech firms and industry experts. We are dedicated to creating a pipeline of skilled professionals who will drive the digital transformation of Morocco and Africa.

Our successful participation at GITEX AFRICA highlighted our innovative approaches and our significant impact on the tech ecosystem.

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Polymorpho, a Moroccan cyber security company shines at GITEX Africa

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Polymorpho Team (Image; Supplied).

Founded in 2022 by Moroccan entrepreneurs and cyber security experts with over 15 years of experience, Polymorpho has always been committed to defying the complexity of cyber threats through innovative and adaptive solutions for individuals, companies, governments, intelligence agencies, and law enforcement agencies to prevent and investigate cybercrime. Reda Cherqaoui, Executive Chairman and Co-Founder of Polymorpho, confirmed that the Moroccan cyber security company used their global expertise and know-how to launch their own venture.

Indeed, after many years of experience in France, the United Arab Emirates, and Singapore, the Moroccan founders have chosen to return home and Africa to create Polymorpho, a company offering a comprehensive range of services and solutions meeting the diverse cyber security needs of each organization.

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At GITEX Africa 2024, Polymorpho demonstrated to visitors and potential partners how their constant research and development make it possible for them to be ahead of increasingly diverse and rapid attacks. Through this event bringing together all digital players from throughout Africa, the continent keeps demonstrating to the world that the future of digital innovation is being formed by extraordinary abilities. Yet in cyber security alone, the potential and improvements to be made in Africa are quite substantial.

In fact, according to the most up-to-date statistics by Nairametrics, cyberattacks against African firms increased by 20% in Q1 2024 when compared to the same time last year. While there was a 5% rise in the average number of attacks per firm globally compared to the same quarter last year, the research found that African organizations saw the most attacks compared to others. With an increasingly attacked continent, the need for effective and adaptive cyber security measures is imminent. Polymorpho is ready for the challenge with their cutting-edge services and solutions in defensive security, offensive security, and cyber intelligence.

According to the Polymorpho team, being part of Gitex Africa was a great way to meet key partners and clients in need of more adaptive and tailored solutions. Polymorpho is motivated to keep inventing and pushing the limits of traditional cyber security solutions. We are honored to represent Morocco on the global scene and to demonstrate that Africa has nothing to envy from other continents in terms of technology, innovation, and cyber intelligence.

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