4 Payment gateways empowering SMEs in MENA

By Delisha Fernandes

Payment gateways, serving as essential intermediaries in the digital payment landscape, play a vital role in facilitating secure and efficient transactions between customers and merchants.

The Middle East and North Africa (MENA) region has witnessed significant growth in eCommerce over the past decade, with various payment gateways tailored to the market’s unique characteristics. MENA’s e-commerce ecosystem is diverse, with countries like the United Arab Emirates, Saudi Arabia, Egypt, and Kuwait leading the way.

This surge in online shopping activity has increased the demand for reliable and seamless payment gateways, making them more crucial than ever in ensuring the smooth flow of transactions within the region.

Here are 4 Payment gateways empowering SMEs in MENA:

• BayanPay

Bayan Payments was established in Riyadh, Saudi Arabia, to build payment gateway technology. Bayan Payments aims to be the preferred digital payment services provider for Saudi Arabia, providing a seamless & frictionless experience to global customers and businesses. Currently on the Sandbox, regulated and monitored by the Saudi Arabian Monetary Authority (SAMA), Bayan Payments aims to be compliant with all the policies and procedures in Saudi Arabia.

• Moyasar

Moyasar is an online payment gateway that provides electronic payment solutions. Licensed by the Central Bank of Saudi Arabia (SAMA), the platform is the backbone for a wide spectrum of businesses, from startups to some of the largest enterprises. By enabling seamless payment transactions, Moyasar facilitates business growth.

• MyFatoorah