Paymob, a prominent financial services enabler in the Middle East, North Africa, and Pakistan (MENA-P), has teamed up with Singapore-based startup gaming platform Raptr Games to integrate multiple payment options and fintech solutions. The partnership aims to make it more convenient for local gaming content creators to monetize their streams and enable real-time payments from viewers to their favorite streamers. Paymob will also provide unified reporting and settlement options to increase transparency and visibility of the gaming economy.
The collaboration is a boon for Pakistani gamers and viewers who previously lacked the flexibility to send and receive payments seamlessly while creating gaming content. Raptr Games recently closed its pre-seed round, funded by local and international investors focusing on the growing gaming market in Pakistan and the region.
Raptr Games CEO and Founder Imran Khan stated that the company was working to bring Esports and new avenues for monetization to gamers and gaming content creators in Pakistan. Paymob was a natural fit as the company sought a partner that could enable a seamless and reliable multi-channel payments experience for its users.
Streamers can access their earnings using a variety of cash-out options, including digital wallets and debit cards. Early registrations for the streaming platform are live on the Raptr Games website, with hundreds of streamers signed up and eagerly awaiting its official launch.
Fawad Abdul Kader, Country Manager Paymob Pakistan, said that the company is excited to partner with Raptr Games and enter the e-sports and gaming space in Pakistan. The partnership aims to facilitate the online gaming community and content creators in collecting seamless, secure payments and optimizing their content for wider audiences.
E-sports and gaming are a major pastime for the youth in Pakistan, with the industry amounting to $250 million annually. The region has hosted many large-scale e-sports tournaments in recent years, with professional gamers from Pakistan making their mark on the global stage as world champions on popular platforms such as Tekken, Valorant, DOTA, KOF, and many others.