FUMO: Future of Money Podcast

How to Launch the Next Alipay? (PaySky with Waleed Sadek) | Fintech

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Our 11th episode of the Fintech Founders series welcomes Waleed Sadek, Founder and CEO of PaySky that is democratising e-payment solutions for everyone including businesses, consumers and financial institutions worldwide. Waleed Sadek shared with us about Paysky’s vast payments offerings, its Yalla Super App that has seen the number of users skyrocketed in Egypt, and the company’s approach in launching products in different regional markets.

On the B2B side, PaySky digitises payment infrastructures for financial institutions, telco operators and merchants through its super payment gateway. The company is providing a digital enabler layer on top of legacy infrastructures, enabling banks to become more disruptive and be on par with other Fintech players.

On the B2C side, the company’s Yalla App is Egypt’s first super-app, offering almost everything from payments, remittance, investment propositions to e-commerce marketplace and services. During this session, we chatted with Waleed on several topics relating to consumer demand for superapps and working with financial regulators, including:

🔹 What is PaySky 

🔹 Offerings within the Yalla super-app 

🔹 How consumer demand for superapps differ in different countries 

🔹 Partnerships between Fintech and Banks – is it just a PR strategy?

🔹 The funding landscape and fostering Fintech talent

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.

Waleed Sadek, Founder and CEO of PaySky

You can watch the sessions below on Youtube, or listen it on Apple and Spotify Podcasts.

Episode Guest

Podcast hosts

Ronit Ghose

Global Head, Future of Finance at Citi

Ronit Ghose is the Global Head, Future of Finance, Citi’s think tank for the future of money and technology. Ronit’s current areas of focus include Digital Assets, the Metaverse, Web3, the applications of AI to Finance and other frontier topics. Previously, Ronit was Global Head of Banks and Fintech Research for Citi.

Ronit is an Advisor to various Governments, Universities, VC investors and tech firms in the UK, UAE and Africa. Prior to joining Citi, he worked at the British Bankers’ Association and was a research assistant in the UK Parliament for a former Prime Minister. He has an undergraduate degree from the University of Oxford & a postgraduate diploma from the University of London.

Gaurav Dhar

Group CEO of Marshal Fintech Partners

Gaurav is a seasoned leader in the FinTech industry and currently serves as the Group CEO of Marshal Fintech Partners in Dubai. He is also a board member of Deem Bank, The Mena Fintech Association and TiE Dubai.

With over 19 years of experience at Marshal, he has established himself as a pioneering force in the development of FinTech ecosystems and solutions. 

By devoting his personal time to working with innovators, he has built an extensive network of relationships with VCs, incubators, accelerators, start-ups, and angel syndicates, both locally and globally.

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