Latest news with #PayTabsModeratorPlatform
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.
