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XPay, a leading fintech startup in Egypt, has announced a strategic collaboration with Huawei Cloud Services to enhance digital payment solutions across the country. The partnership aims to leverage Huawei’s advanced cloud technology to bolster XPay’s role in Egypt’s growing digital payment ecosystem.
“Our recent performance demonstrates the trust businesses place in our solutions and scalability,” said Mohamed Abdelmotteleb, Founder and Managing Partner of XPay.
He highlighted XPay’s impressive growth, noting a 75% surge in the number of merchants, which led to a 250% increase in Total Payment Volume (TPV). Additionally, the company recorded a remarkable 340% rise in transaction volume, processed with an 83% success rate.
XPay remains committed to advancing financial inclusion, viewing it as a fundamental right. The company offers a diverse range of payment solutions, including Apple Pay, credit and debit cards, mobile wallets, and integrations with local payment platforms such as Fawry, Aman, and Valu.
Operating under full regulatory approval, XPay holds licenses from Banque Misr and the National Bank of Egypt (NBE) while also partnering strategically with Crédit Agricole.
This partnership with Huawei Cloud Services reinforces XPay’s mission to drive seamless, secure, and scalable digital payment solutions in Egypt’s evolving fintech landscape.
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