Mohamed Abdelmottaleb: XPay Doubles Merchant Base by 100% by the first 6 Weeks of 2025 and Continues Its Expansion in Fintech in Egypt

Dr. Mohamed Abdelmottaleb, CEO and Managing Partner of XPay, highlighted that the fintech sector in Egypt is experiencing rapid growth, driven by the Central Bank of Egypt's efforts to promote innovation and digital transformation. Currently, the sector hosts 177 startups developing financial solutions across 14 sub-sectors, with many targeting regional and global markets.

XPay is leveraging its strategic partnership with Huawei Cloud to provide flexible digital payment solutions that comply with local and global standards. This collaboration supports digital transformation and financial inclusion in Egypt.

Impressive Numbers Reflecting XPay's Success

Total Payment Volume: Increased by 250% Merchant Base: Grew by 75% During the first six weeks of 2025, XPay witnessed remarkable growth, with its merchant base doubling by 100%, while maintaining a high success rate of 83%. Success Rate: Achieved 83% User Base: Increased by 50% Total Transactions: Rose by 93%

Challenges Facing the Fintech Sector

Financial Inclusion: 30% of Egyptians (~20 million adults) remain financially excluded, limiting digital services adoption. B2B Payments: Despite growth in remittances, B2B payment solutions have limited market share, requiring innovative models.

Strategic Partnership with Huawei Cloud

XPay and Huawei Cloud are working together to accelerate digital financial services growth, enhance user experiences, and contribute to Egypt's digital economy. Their partnership bridges the gap between traditional financial systems and the evolving digital landscape. By utilizing advanced cloud infrastructure and secure payment technologies, they aim to provide seamless and efficient financial solutions for businesses and consumers alike.

Future Outlook

XPay is committed to driving financial inclusion and digital transformation in Egypt. With continuous innovation and strategic collaborations, the company is well-positioned to lead the fintech industry towards sustainable growth. By addressing current challenges and exploring new opportunities, XPay is paving the way for a more inclusive and digitized financial ecosystem.