PayTabs is a payments infrastructure company providing solutions that are simple, secure & scalable to drive local commerce & power financial inclusion regionally. The global payments transaction enabler and payment processing company caters to freelancers, start-ups, SME’s, enterprises, financial institutions, and the connected commerce market by empowering merchants and super merchants with onli
ne, mobile, social, and next generation payment solutions. It was established in 2014 by Saudi entrepreneur Abdulaziz Al Jouf as he sketched the concept of an affordable payment gateway platform for investors. His objective was to assist merchants that wanted a secure online payments solution but did not want to navigate through the complex maze of obtaining one. This “napkin idea” ingenuity caught the attention of premier institutions in Saudi Arabia and soon PayTabs was officially taken under the wing of Saudi Aramco’s ‘Wa’ed’ entrepreneurship programme. PayTabs then gained momentum, processing payments securely, and efficiently in multiple currencies and markets. PayTabs offers ecommerce websites seamless integration with API plugins and offers e-invoicing, QR code, and secure social media payment link solutions for merchants, and professionals. In 2022, PayTabs launched its own social commerce platform, Paymes to cater to micro merchants and freelancers. Backed by private investment, PayTabs has evolved from a home-grown payments company in the Kingdom of Saudi Arabia in 2014, to a regional GCC market player to an iconic payment processing giant with global presence. Over the years, PayTabs has forged strategic partnerships worldwide. PayTabs has in-built and exported a full stack of game changing mobile applications, hospitality, governmental, education, airline, travel, transport, and biller solutions, to interlink the multi-billion-dollar enterprise market chain in the MENA 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 next generation transaction processing platform -PayTabs SwitchOn®. A proven game changer in the global payments space, PayTabs has dedicated offices in the UAE and KSA and presence in many other locales including Egypt. For more milestones visit https://site.paytabs.com/en/
