Waleed Sadek, Founder and CEO of PaySky, who created one of the leading Fintech companies in the region with a mission to democratising e-payments was our guest in the 11th episode of the Fintech Founders Series.
The insightful discussion along with our host, Ronit Ghose, the Global Head of Fintech & Digital at Citi Global Insights touched upon payments solutions in the Middle East and African market and expansion plan of PaySky and Yalla SuperApp. We noted 3 takeaways from the session:
- Super Apps not only help financial inclusion but add value with unique features such as Yalla SuperApp’s fractional savings
- Althought there is a lot of talk on banks and fintech partnerships, fintech are still seen primarily as threats and competitors
- Finding a talent is always a challenge all around the world. Fintech and financial services needs specific talents, and you need to build your own talent pool.
As Waleed said,
“Only 33% of the Egyptian market is banked, the rest is underbanked. When we launched the app in 2021, and it was a blast in Egypt.“