Following the success in Egypt, Paymob is currently taking active steps to pursue the expansion of its services into the Kingdom of Saudi Arabia by applying for the payment institution license issued by the Central Bank of Saudi (SCB). Paymob is leveraging its experience in the Egyptian market and its well-connected network of investors, board members, and business partners to ensure a successful and efficient expansion move.
The incorporation process is an organized, straightforward process. However, for a company, such as Paymob, working in a highly regulated field ensures compliance to the process and regulations. Paymob conducted an extensive exercise with local law firms such as King & Spalding, referred by Global Ventures, to advise and determine the right type of company and board structure to move forward.
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