Cairo – Mubasher: PayTabs Egypt teamed up with mnGm, a platform that acts as the digital distributor for Gold Net Trading (GNT), to introduce card acceptance for gold purchases online for the first time in the Arab Republic.
The partnership will enable customers as well as investors to access investment-grade gold through PayTabs Egypt’s regulated payment channels, according to a press release.
Besides card usage to purchase gold directly from GNT, card payments will also be available on mnGm, enabling customers to sell, store, and request delivery of 999.9 (24k) gold.
PayTabs Egypt’s General Manager, Karim Eyada, commented: “We believe that enabling card acceptance for gold trading will be a game-changer for the Egyptian market, offering a convenient and secure way for investors to engage in this time-honored form of investment, ultimately empowering more people to diversify their portfolios and safeguard their financial futures.”
Mina William, PayTabs Egypt’s Country Business Development Manager, said: “This partnership will enhance the payment acceptance experience through advanced technology options for mnGm customers in a secure, seamless, and transparent way while supporting PayTabs Egypt’s plans to expand its scope across all industry segments.”
Mohamed Amer, Evolve Investment Holding's CTO, added: “Combining our innovative approach to precious metal investment with PayTabs Egypt’s expertise in secure and efficient payment solutions will provide Egyptian customers with a seamless and trustworthy avenue to trade gold.”
