Paysky

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]