Webx partners with Paymob to launch Webx Pay

By Leandra Monteiro

Webx Ecommerce, one of Pakistan’s leading e-commerce platforms for creating and running online stores, has partnered with Paymob, an omnichannel payments gateway in the MENAP region, to launch Webx Pay, a payment service that will seamlessly integrate with digital stores on Webx Ecommerce.

Webx Pay, powered by Paymob, guarantees to significantly cut the merchant’s payment setup time by offering instantaneous access to comprehensive payment services to process payments through digital wallets, credit cards, or bank transfers. Via this partnership, online businesses can process online payments immediately after creating their digital stores on Webx Ecommerce.

The usual payment acceptance methods for Pakistani ecommerce merchants remain complicated, long-winded and heavily dependent on legacy financial infrastructure with online businesses usually requiring 4 to 6 weeks to set up a merchant account in order to start accepting online payments.

Through this partnership, a first for the Pakistani ecommerce industry, this service empowers Pakistani e-commerce entrepreneurs, enabling same-day creation of merchant accounts without the need for setup or recurring charges. Moreover, Webx Pay ensures next-day clearance of funds to enable continuity and ease up cash flow for local businesses.

“Ecommerce is not the future anymore; it’s the present,” said Fasih Uddin, VP Product & Growth. “Webx envisions to make ecommerce accessible for all Pakistani businesses and individuals across various industries, enabling them to leverage simplified payment processing solutions as a strategic driver for growth. With the commerce dynamics across emerging markets changing rapidly, a strong and mature ecommerce ecosystem within Pakistan is inevitable to stay astride. Thanks to the versatile and one-of-a-kind payment dynamics being provided by Paymob, Webx Pay will be a step further in making e-payments simple and easy.”

Fasih added, “Pakistani ecommerce has shown a growth of 300% in the last two years and conservative estimates predict that over the next 5 years the industry is due to grow at a trajectory six time faster than the current rate. We believe that the entrepreneurial talent and fervour within Pakistan will continue to play a significant and pivotal role in this rapid growth. Solutions like Webx Pay aim to harness the potential and facilitate the ambitions of such audiences, minimising the go-to market time for aspiring businesses, reducing the payment onboarding time from six weeks to just a few minutes.”

Fawad Abdul Kader, Paymob’s Country Head in Pakistan said, “We are extremely excited to see the exponential growth of ecommerce in Pakistan. This partnership between Paymob and Webx will allow us to reach our goal of empowering SME and retail merchants across the country by offering them multiple methods of payment acceptance and growth through a single platform.”