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Huawei Cloud & PayTabs team to boost digital payments in MENA

By Delisha Fernandes

March 05, 2024

  • Digital Payments
  • Digital Transformation
  • fintech MENA
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PayTabs EgyptHuawei Cloud has announced a new partnership agreement with KSA-based PayTabs, at the Mobile World Congress (MWC) 2024.

The agreement will enable both companies to jointly explore and develop digital payments and payment orchestration technology to launch more innovative payment services across the region.

This partnership will inject new vitality into the business development for both PayTabs Group and Huawei Cloud, bringing more possibilities to grow the FinTech ecosystem and unleash smoother, secure payment experience for global consumers. As one of the world’s top five cloud service providers and the fastest-growing cloud in the Middle East, Huawei Cloud will provide a solid cloud foundation to support PayTabs and other leading FinTech enterprises in the region to expand their business locally and globally.

Alan Qi, President of Huawei Cloud Middle East and Central Asia, said, “Memorandum of Understanding (MoU) signifies more than just the integration of Huawei Cloud’s innovative strengths in line with the partners’ development objectives. It represents a strong acknowledgment from both parties towards shared goals and a steadfast commitment to pushing the boundaries of the digital and intelligent era in KSA. The company is dedicated to collaborating with partners, exerting continuous efforts to achieve even more fruitful outcomes, and collectively opening a new chapter of digital transformation.”

This collaboration is intended to collectively drive the innovation and implementation of cloud and AI technologies in diverse industry use cases. In addition to the technology foundation, Huawei Cloud will share its expertise from operating in more than 170 countries and regions to become a bridge for PayTabs to connect markets, expand business, and achieve business success.

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