Latest news with #PayTabsGroup
Yahoo
27-05-2025
- Business
- Yahoo
PayTabs unveils AI-driven payment orchestration platform
PayTabs Group has introduced a new AI-powered payment orchestration platform, developed over a period of four months in Saudi Arabia. The platform is expected to process transactions exceeding SR 325bn shortly, the paytech said. Additionally, the group has initiated the AI Payment Acceptance Booster project to decrease transaction declines, and a Data Warehouse project aimed at providing real-time financial insights and risk management services. PayTabs Group CEO & founder Abdulaziz Al Jouf said: '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.' The PayTabs Moderator Platform, an AI orchestration layer, has been developed for banks, financial institutions, and large corporations. This layer offers a unified payment ecosystem control through APIs and is hosted within Saudi Arabia to meet financial sector compliance standards. The technology has already been adopted by financial entities in various markets, including Morocco, the United Arab Emirates, and Azerbaijan, facilitating payment solutions. Since July 2024, PayTabs Group has been integrating AI across its products, operations, and processes. The company has implemented an AI strategy, an AI-driven CRM, AI-powered customer support, and automated KYC/KYB onboarding processes. By July 2025, PayTabs aims to extend its AI services to over a million clients, in line with its digital economy growth strategy with 'IPO readiness'. Last month, PayTabs partnered with Mastercard to enhance digital payment solutions for SMEs in Egypt, utilising Mastercard's network and capabilities to provide a 'white-labelled' digital payments platform for merchants. "PayTabs unveils AI-driven payment orchestration platform " was originally created and published by Electronic Payments International, a GlobalData owned brand. The information on this site has been included in good faith for general informational purposes only. It is not intended to amount to advice on which you should rely, and we give no representation, warranty or guarantee, whether express or implied as to its accuracy or completeness. You must obtain professional or specialist advice before taking, or refraining from, any action on the basis of the content on our site. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Fintech News ME
27-05-2025
- Business
- Fintech News ME
PayTabs Unveils Saudi-Built AI Payment Platform
PayTabs Group, a MENA-based payment orchestration company, has announced the launch of its upgraded AI-powered payment orchestration platform. Developed over four months in Saudi Arabia, the platform is expected to surpass SAR 325 billion in transaction processing, supporting the Kingdom's financial inclusion and digital transformation goals. Among its recent initiatives, PayTabs launched the AI Payment Acceptance Booster to reduce transaction declines and began a Data Warehouse project aimed at providing real-time financial analytics and risk management services. A key component of its orchestration layer is the PayTabs Moderator Platform, developed for banks, financial institutions, and large corporations to enhance operational efficiency. The AI-powered orchestration platform enables unified oversight of the payment ecosystem through plug-and-play APIs and secure local hosting within Saudi Arabia. This setup is designed to improve compliance, transparency, and operational efficiency across finance and other industries. PayTabs' infrastructure has already been deployed in North African countries such as Morocco, GCC markets like the UAE, and CIS countries including Azerbaijan. The company says its technology is scalable across emerging markets and positions Saudi-developed fintech solutions for broader global application. Commenting on the launch, Abdulaziz Al Jouf, CEO and Founder of PayTabs, said: '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 has been implementing its AI strategy across all operations, introducing an AI-driven CRM, automated customer support, and AI-powered KYC/KYB onboarding. AI is also being used in fraud prevention, marketing, transaction monitoring, and sales functions. This internal transformation includes restructured workflows, revised engineering priorities, and new approaches to customer support and sales. A structured change management process is being applied across departments as the company transitions to an AI-centric model. By July 2025, PayTabs aims to extend its AI-powered services to over one million clients. The company is also preparing for IPO and further market expansion, as it positions itself for long-term growth in the digital economy.
Zawya
07-04-2025
- Business
- Zawya
Mastercard, PayTabs to foster SMEs in Egypt with digital payment solutions
Arab Finance: Mastercard has joined forces with PayTabs Group to facilitate digital payment solutions for small and medium-sized enterprises (SMEs) in Egypt, according to an emailed press release. Leveraging Mastercard's global network and digital payments capabilities, PayTabs will offer a while-labelled digital payments platform that enhances payment acceptance capabilities for SMEs. This collaboration will boost the adoption of contactless payments and accelerate Egypt's digital transformation agenda. Furthermore, the platform will provide small businesses with fast, secure, and cost-effective customizable solutions for accepting digital payments. Hence, merchants will manage to generate payment links faster when compared to manual processes. Karim Eyada, General Manager, PayTabs Egypt, said: 'By providing acquirers with this state-of-the-art platform, we are not only supporting Egypt's transition to a cashless society and enhancing digital payment accessibility but also enabling SMEs to thrive in the digital economy.' 'Together with Mastercard, we aim to boost digital transaction volumes, expand the reach of online payments, and elevate the overall user experience for both merchants and customers in Egypt,' Eyada added. Mohamed Assem, Country Manager, Egypt, Lebanon and Iraq, Mastercard, commented: 'Together with PayTabs, we are delivering the next generation of payment solutions that will fuel the progress of Egypt's SMEs sector, strengthening its role in the country's digital transformation, and contributing to long-term economic resilience.' © 2020-2023 Arab Finance For Information Technology. All Rights Reserved. Provided by SyndiGate Media Inc. (
Zawya
07-04-2025
- Business
- Zawya
Mastercard and PayTabs collaborate to empower Egypt's small and medium enterprises
Cairo, Egypt: Mastercard announced a strategic collaboration with PayTabs Group to facilitate digital payment solutions for small and medium enterprises in Egypt. Through this collaboration, PayTabs will leverage Mastercard's global network and digital payments capabilities to provide merchants with a while-labelled digital payments platform. This solution is designed to elevate payment acceptance capabilities for small and medium enterprises, driving the widespread adoption of contactless payments while accelerating the country's digital transformation agenda. The platform will equip small businesses with fast, secure, and cost-effective customizable solutions for accepting digital payments. With its streamlined user interface, merchants can quickly generate payment links, significantly cutting down the time and effort needed compared to manual processes. Seamlessly integrating into existing business workflows, it boosts efficiency while offering additional features like QR codes and enhancing the overall digital experience. The platform also provides a seamless payment experience, particularly for mobile users. Payment links enable convenient transactions, allowing customers to complete payments swiftly and securely. By improving cash flow management and reducing dependence on cash, the platform helps integrate more businesses and customers into the formal financial system. Karim Eyada, General Manager, PayTabs Egypt, said: 'We are excited to collaborate with Mastercard to bring PayTabs white labelled payment orchestration solutions to Egypt. By providing acquirers with this state-of-the-art platform, we are not only supporting Egypt's transition to a cashless society and enhancing digital payment accessibility but also enabling SMEs to thrive in the digital economy. Together with Mastercard, we aim to boost digital transaction volumes, expand the reach of online payments, and elevate the overall user experience for both merchants and customers in Egypt.' 'At Mastercard, we believe in the power of collaboration to build a robust infrastructure and drive positive change that not only benefits businesses and consumers but also contributes to a more inclusive and sustainable future for Egypt. Together with PayTabs, we are delivering the next generation of payment solutions that will fuel the progress of Egypt's SMEs sector, strengthening its role in the country's digital transformation, and contributing to long-term economic resilience,' said Mohamed Assem, Country Manager, Egypt, Lebanon and Iraq, Mastercard. Established in 2014, PayTabs became the first Saudi fintech company to provide seamless and secure B2B ecommerce solutions to SME's. As a payment infrastructure company, PayTabs powers digital transactions in the MENA region by providing solutions that are simple, secure, and scalable to drive local commerce and power financial inclusion across the region. About Mastercard (NYSE: MA) Mastercard is a global technology company in the payments industry. Our mission is to connect and power an inclusive, digital economy that benefits everyone, everywhere by making transactions safe, simple, smart and accessible. Using secure data and networks, partnerships and passion, our innovations and solutions help individuals, financial institutions, governments and businesses realize their greatest potential. With connections across more than 210 countries and territories, we are building a sustainable world that unlocks priceless possibilities for all. 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. Saudi entrepreneur Abdulaziz Al Jouf founded the company. Having processed the first live payment gateway transaction in 2014, 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, the first soft POS solution in the MENA market to transform smart phones into merchant point of sale (POS) terminals. In 2022, PayTabs made a leapfrog move to pioneer next generation payments, 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. By end of 2023, PayTabs was awarded MENA's Best Merchant Solution and the glowing recognition of Fintech Company of the year. In October 2024, PayTabs was named top 100 companies in fintech, globally. PayTabs has dedicated offices in Saudi Arabia and UAE and presence in other locales including Jordan, Türkiye, and Egypt. The company is an equal opportunities employer. More milestones on: https:/
Zawya
06-03-2025
- Business
- Zawya
PayTabs Group strengthens its commitment to Egypt's digital payments ecosystem with full ownership of PayTabs Egypt
Riyadh: PayTabs Group, MENA's award-winning payment orchestration powerhouse today announced the successful acquisition of majority stake in PayTabs Egypt, solidifying its commitment to driving digital transformation and financial inclusion across Egypt. This strategic move marks a pivotal milestone for PayTabs as it continues to enhance its market leadership in the Egyptian digital payments landscape. With the acquisition of full ownership, PayTabs Group is now able to offer even more tailored solutions to meet the needs of Egyptian merchants, power financial inclusion and expand its regional footprint. 'We are excited to take this next step in strengthening our presence in Egypt. This transition allows us to streamline our operations and further enhance the value we offer to local businesses, government initiatives, and consumers,' said Abdulaziz Al Jouf CEO & Founder of the PayTabs Group. 'We remain deeply committed to Egypt's digital payments future, and our focus on innovation and customer-centricity will only grow stronger.' While PayTabs and EFG Holdings have had a successful partnership in the past, this move marks a new chapter that allows PayTabs to focus even more on advancing its technology solutions, expanding the product offering for Egyptian businesses, and improving financial accessibility across the country. PayTabs continues to work closely with stakeholders, regulators, and industry partners to contribute to the growth of Egypt's thriving digital economy, reaffirming its role as a key enabler of the nation's transition to a cashless society. This acquisition aligns with PayTabs' long-term strategy to reinforce its leadership position in Egypt and beyond, creating more opportunities for merchants to grow their businesses and for consumers to experience secure and seamless payment solutions. This announcement comes in the wake of much media speculation about an IPO on the cards for PayTabs Group in recent months 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:
