
PayTabs Group achieves fintech dominance with its' Saudi built, AI-powered payment orchestration platform
Riyadh, Saudi Arabia: PayTabs Group, a Future 100 company and MENA's award-winning payment orchestration powerhouse, today announced the launch of its enhanced Artificial Intelligence (AI) powered payment orchestration platform. Engineered in Saudi Arabia over four months, the platform is set to cross SAR 325 billion in transaction processing shortly, cementing its role as a key driver of financial inclusion and innovation in the region.
PayTabs' AI-powered payment orchestration platform marks a strategic alignment with Saudi Arabia's bold vision for global AI leadership. The recent US-Saudi AI investment collaboration highlights the Kingdom's commitment to positioning itself as a hub for AI-driven innovation, and PayTabs is setting the standard for AI adoption in financial technology across the region.
PayTabs also launched the AI Payment Acceptance Booster project to minimize transaction declines and initiated a Data Warehouse project to deliver real-time financial insights and risk management as a service. A standout innovation of PayTabs custom built, AI orchestration layer, is the PayTabs Moderator Platform, designed exclusively for banks, financial institutions and large-scale corporations to help drive their efficiency.
This transformative orchestration layer delivers unified control over the payment ecosystem through plug-and-play APIs, and secure local hosting in Saudi, ensuring unmatched efficiency, visibility, and compliance for the financial sector and other vital industries that drive the region's economy.
PayTabs AI powered approach has made it the go-to partner for financial institutions looking to leverage AI to scale efficiently. In alignment with the Kingdom's strides in AI, including the recent launch of PIF-backed Humain, PayTabs has successfully empowered financial institutions and large corporates in North African markets like Morocco, GCC markets like United Arab Emirates and CIS countries like Azerbaijan.
These institutions benefit from PayTabs scalable, AI-powered, Saudi built payment infrastructure, delivering smarter payment solutions, with technology that's easily scalable across emerging markets, positioning Saudi-built payment intelligence as a global value proposition.
Abdulaziz Al Jouf, CEO & Founder of PayTabs Group, commented from Riyadh: ' The launch of our Saudi built, AI-powered payment orchestration platform represents a bold step forward, not just for PayTabs but for Saudi Arabia's vision of AI leadership. With scalable AI-powered infrastructure, PayTabs is poised to deliver Saudi technology across emerging markets, equipping businesses and financial institutions with the agility to compete globally. '
Since July 2024, PayTabs Group has been accelerating its journey to become an AI-enabled company, identifying and deploying AI across its product suite, regional operations, and internal processes. In Q1, the Group finalized a comprehensive AI strategy, launched an AI-driven CRM, integrated AI-powered customer support across key products, and introduced automated KYC/KYB onboarding. From fraud prevention and marketing to transaction monitoring and AI sales agents, AI is being embedded into nearly every function, reshaping how we operate across the group.
This transformation is designed to boost internal efficiency and performance, while enabling scalable growth across PayTabs markets. As AI becomes integral to daily operations, teams are adapting, engineering is focused on AI-driven workflows, and support is evolving toward customer success and upselling. All departments are undergoing structured change management. PayTabs sees this transformation as part of a broader regional shift toward AI-first operations.
By July 2025, PayTabs plans to expand its AI-powered services to over a million clients, fostering business growth in the digital economy. With IPO readiness and strategic expansion on the horizon, PayTabs is building a future-proof fintech enterprise for the AI era.
About PayTabs
PayTabs is a payments infrastructure company providing exceptional solutions that are simple, secure, and scalable to drive local commerce and power financial inclusion across the region. It was founded by Saudi entrepreneur Abdulaziz Al Jouf in 2014, with a vision to power every digital transaction in the region.
Today PayTabs processes transactions in multiple currencies and markets, swiftly and securely. By providing the infrastructure for B2B payment solutions, including digital invoicing for businesses, QR code, social media payments, point of sale and switching platforms, PayTabs facilitates seamless e-commerce and social commerce solutions for merchants, super merchants, and governments.
For over a decade, PayTabs has custom built and exported a full stack of game changing solutions. These include mobile applications, hospitality, governmental, education, airline, travel, transport, and biller solutions, to interlink the multi-billion-dollar enterprise market chain in the region.
In 2021, PayTabs launched PT Touch, (MEPS FAST in Jordan) the first soft POS solution in the MENA market to transform smart phones into merchant point of sale terminals. In 2022, PayTabs made a leapfrog move by launching its home owned, globally validated unified payments and orchestration platform. PayTabs unified payment processing orchestration enables governments and large-scale originations to become independent payment platforms to serve their industries.
In 2022, the company acquired social commerce platform Paymes to complement its existing retail portfolio. In early 2023, PayTabs received payment gateway certification from Saudi Payments and was later awarded MENA's Best Merchant Solution and the glowing recognition of Fintech Company of the year. In October 2024, PayTabs became the first in Arab World to be recognized as a top 100 Global Fintech Company, delivering payment technology designed and built in Saudi Arabia to the global fintech arena.
PayTabs has dedicated offices in KSA and UAE and presence in other locales including Jordan, and Egypt. The company is an equal opportunities employer. More milestones on PayTabs.com
Hashtags

Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles


Khaleej Times
35 minutes ago
- Khaleej Times
Hajj 2025: Saudi boosts Makkah hospitality with over 300,000 licensed rooms
The number of licensed rooms in hospitality facilities in the city of Makkah has exceeded 300,000 rooms, Saudi Arabia's Ministry of Tourism announced on Sunday. This increase marks a 41 per cent growth during the first quarter of 2025, compared to the same period in 2024, reflecting the growing demand and the Ministry's ongoing efforts to enhance tourism infrastructure ahead of the Hajj season. As part of its preparations, the Ministry conducted more than 1,160 inspection and monitoring tours across hospitality facilities in Makkah. These inspections were aimed at ensuring the readiness of hotels and other accommodations to welcome pilgrims during the upcoming pilgrimage season. This growth in licensed capacity is closely tied to the Ministry's broader initiatives to elevate service quality, especially in anticipation of this year's Hajj. It can be noted that starting January 1 of this year, all hospitality establishments such as travel and tourism service providers in the Kingdom were ordered to remove any unlicensed or unauthorised facilities from their listings. This directive applies to both local and international booking platforms. The Ministry has also urged all hospitality operators to ensure they have obtained or renewed their licences before resuming business activities. Non-compliance with these regulations will result in severe penalties, including fines of up to 1 million riyals, potential closures of the establishments, or both. In some cases, violators could also face damage in reputation through "public shaming".


Zawya
an hour ago
- Zawya
Burgan Bank participates in IDC Kuwait CIO Summit 2025
Kuwait: Burgan Bank recently participated in the IDC Kuwait CIO Summit 2025, held under the theme 'Architecting an AI-Fueled Business' at Courtyard by Marriott Kuwait City, where it joined more than 150 industry leaders from public and private sectors to engage in vital industry conversations on the latest market-shaping technologies. Mr. Barrak Al-Mattar, General Manager – Information Technology, contributing to the summit's agenda and priorities. The Bank's participation aligns with its forward-looking digital transformation strategy, comprehensive social responsibility program, and committed adherence to environmental, social, and governance (ESG) best practices. 'It's an honor to represent Burgan Bank at an event as influential as the IDC Kuwait CIO Summit, which serves as a key enabler for driving forward momentum in our technologically fast-moving industry, while discussing the best localized courses of action that serve Kuwait's digital transformation, in line with the nationwide strategy and New Kuwait Vision 2035,' said Mr. Al-Mattar. He added that Burgan Bank's commitment to digitally transforming the banking experience it offers customers centers not only on convenience and speed but also on inclusivity and accessibility, noting that digital banking continues to be a primary pillar supporting the growth of entrepreneurship and SME growth in Kuwait. Other facets of the digital revolution in banking extend to vital considerations such as sustainability, which digitalization supports through reducing the carbon footprint, responsibly and consciously disposing of electronic waste, among other positive influences. In addition, Burgan Bank continues to utilize the latest technologies to fortify its cybersecurity systems, with the support of advanced AI capabilities, while operating within the responsible parameters of governance. This commitment is further reinforced through adherence to ISO standards and full compliance with the Central Bank of Kuwait's (CBK) regulations, underscoring the Bank's dedication to security, integrity and regulatory alignment. The 2025 edition of the summit centered on the key themes including the widespread adoption of artificial intelligence (AI), digital business strategies, digital economy trends, data platforms for the intelligent enterprise, data-driven customer experience (CX) transformation, the future of work, digital trust and security, Industry 4.0, sustainability, software innovation and modern app development, and the future of digital infrastructure. It is worth noting that Mr. Al-Mattar was awarded the 'Legend CIO' award in the '20+ years' experience in the field' category, as part of the World CIO 200 Summit's recognition of the most influential IT leaders in their respective industries worldwide in 2024. The Bank's unwavering commitment to leading with innovation and deploying digital transformation as one of its strategic pillars of success continues to cement its philosophy to be 'Driven by You' and vision to be the most modern and progressive bank in Kuwait. About Burgan Bank Established in 1977, Burgan Bank is a Kuwait-based conventional bank with a significant focus on the corporate and financial institution sectors. From its earliest days, the Bank has significantly sought to diversify its offering to cater to its growing retail and private banking customer base. Burgan Bank has majority-owned subsidiaries, collectively known as the 'Burgan Bank Group', in the MENAT region. This Group is supported by one of the largest branch networks across the region and includes: Gulf Bank Algeria – AGB (Algeria), Tunis International Bank – TIB (Tunisia), and Burgan Bank Turkey. Furthermore, Burgan Bank has a presence in the UAE through its corporate office, Burgan Financial Services Limited. The Bank has continuously improved its performance over the years, through an expanded revenue structure, diversified funding sources, and a strong capital base. The adoption of state-of-the-art services and technology has positioned it as a trendsetter in the domestic market and within the MENA region. Moreover, Burgan Bank's brand has been built on a foundation of real values – trust, commitment, excellence, and progression – which serve as a reminder of the high standards to which the Bank always aspires. In fact, the Bank's core philosophy of 'Driven by You' is the foundation on which its products and services are continuously developed. Burgan Bank has achieved the LEED v4.1 O+M: EB Gold Certification for its Head Office in Kuwait City. The Bank has also obtained the ISO/IEC 27001: 2022 Information Security Management Systems certificate (ISMS), ISO /IEC 27701:2019 Privacy Information Management Systems (PIMS), ISO/IEC 20000-1: 2018 Information Technology Service Management System (ITSMS) and was re-certified with the prestigious ISO 9001:2015 Quality Management System (QMS), making it one of the few banks in the GCC and Kuwait to receive such certification for five consecutive times. At the same time, the Bank has the distinction of being the only Bank in Kuwait to have won the JP Morgan Chase Quality Recognition Award for twenty consecutive years. Moreover, in a testament to its dedication to the development of its human capital, Burgan Bank is the first bank in Kuwait to be certified as a Great Place to Work®, earning the distinct honor in 2023. Burgan Bank is a majority-owned subsidiary of KIPCO (Kuwait Projects Company), one of the largest holding companies in the MENA region.


Zawya
an hour ago
- Zawya
Liva Insurance sets new benchmark with ‘Innovative Insurer of the Year' Award at the New Age Banking Summit 2025
Muscat – Recognized for reshaping the future of insurance in the Sultanate of Oman through bold innovation and digital excellence, Liva Insurance was crowned 'Innovative Insurer of the Year' at the New Age Banking Summit 2025 – affirming the brand's leadership in transforming Oman's insurance sector for the modern era. Celebrating its milestone 10th edition, the New Age Banking Summit has solidified its position as Oman's premier platform for banking, insurance and financial innovation. Held under the esteemed patronage of His Excellency Ahmed Al Musalmi, Governor of the Central Bank of Oman, this year's summit brought together an influential cross-section of industry leaders, regulators, fintech pioneers, and technology experts. The event was anchored around two key themes – 'Navigating the New Era of Banking, Payments, and Customer-Centricity' and 'Innovating Financial Horizons: AI, Digital Transformation, and Beyond'. The summit served as a dynamic forum for strategic dialogue, where panel discussions and thought-leadership sessions explored how financial institutions are adapting to a rapidly shifting landscape. Topics such as artificial intelligence (AI) and machine learning, digital transformation, cybersecurity, ESG integration, InsurTech, and changing consumer behavior took CenterStage – all of which are areas that closely align with Liva Insurance's strategic goals and vision for the future. These focal points also resonate deeply with the brand's commitment to innovation and modernization – and several of these initiatives are already well underway. For instance, Liva Insurance was the first insurer to successfully integrate with Dhamani through the FSA's regulatory sandbox in December 2023. Since then, the company has processed more than 1.2 million electronic transactions, responded to over 765,000 eligibility requests, delivered upwards of 333,000 approval responses, and received more than 150,000 electronic claims, including a peak of over 21,000 transactions in a single day. These achievements reflect a tangible transformation in healthcare delivery, creating a smarter, faster, and more transparent experience for citizens and residents across Oman. Liva Insurance's Transformation Director – Khalid Al Zadjali said: 'Receiving the 'Innovative Insurer of the Year' award is a proud milestone for our team and a reflection of our unwavering commitment to innovation and customer-centricity. Our digital transformation journey is closely aligned with the broader goals of Oman Vision 2040, as we strive to support the nation's economic diversification and technological advancement. 'We are dedicated to delivering smarter, seamless insurance experiences that are future-ready to enhance the financial ecosystem in Oman. This recognition inspires us to continue leading with vision, agility, and a strong sense of responsibility to our community and country.' The honours came as part of the Oman Banking & Finance Awards at the flagship event, which formed a key highlight of the summit. Spanning banks, insurance providers, investment firms, and fintech providers, the awards recognised 27 high-performing institutions that have demonstrated innovation, resilience, and strategic excellence over a four-year review period from 2021 to 2024. About Liva Insurance: Established in 2023 through the integration of Al Ahlia Insurance and National Life & General Insurance Company (NLGIC), Liva Insurance is the region's leading multi-line insurance company that provides Motor, Home, Travel, Health, Life and various business insurances serving the GCC region for over 80 years. Liva Insurance is redefining insurance for today's realities, combining local knowledge, passion and presence with global expertise to go beyond premiums, products and policies, providing smart, quick and reliable solutions.