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PayTabs & mnGm to offer online gold purchase solutions via cards in Egypt

By Delisha Fernandes

December 05, 2023

  • Card Payments
  • Digital Platform
  • E - Commerce
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PayTabs,PayTabs, a digital payments provider, has partnered with mnGm, a digital 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 Egypt

This collaboration will provide customers and investors with access to investment-grade gold through PayTabs Egypt’s secure, seamless, and regulated payment channels.

Karim Eyada, PayTabs Egypt’s General Manager, said, “We are pleased to join forces with mnGm, a pioneer in the precious metals industry. PayTabs Egypt has always been at the forefront of innovation in the payments sector, and this partnership is a testament to our commitment to enhancing financial accessibility for multiple industries. 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.”

Apart from 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 securely and transparently through the click of a button. Through mnGm, clients can accumulate their gold holdings with minimum purchases of 0.1 grams or buy physical gold with minimum purchases of 8 grams (Gold Coin 24K).

Mina William, PayTabs Egypt’s Country Business Development Manager, said, “We are pleased to cooperate with mnGm, one of the largest precious metals trading companies in Egypt. 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.”

Through these collaborations, PayTabs Egypt has delivered a smooth and trustworthy payment journey to merchants and customers across various platforms and channels.

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