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Paymob secures PTSP Certification in Saudi Arabia

By Leandra Monteiro

May 19, 2023

  • Domestic Payments
  • Expansion Plans
  • Instant Payments

PaymobPaymob, a financial services enabler in the Middle East, North Africa, and Pakistan (MENAP), announces that it has secured Saudi Arabia’s Payment Technical Services Provider (PTSP) certification, making it fully operational in the Kingdom.

The PTSP certification, issued by Saudi Payments is a significant operational milestone in Paymob’s expansion strategy in the Kingdom. The certification paves the way for Paymob to provide its seamless, secure payment gateway services to merchants in KSA.

Since its inception in 2015, Paymob has set out to digitise SMEs by enabling them with the most comprehensive payment acceptance methods in MENAP. Its omnichannel payments infrastructure empowers merchants with over forty online and in-store payment methods through a single integration on its gateway, point of sale (POS) devices, and soft POS mobile.

Paymob operates in several markets across MENAP, where it serves as a growth partner to over 200,000 merchants. By providing innovative financial technology solutions tailored to meet the needs of merchants at any stage of their growth, Paymob simplifies and streamlines the process of growing businesses in the digital economy.

Islam Shawky, Co-founder and CEO, Paymob said, “Obtaining the PTSP certification in Saudi Arabia is a significant accomplishment for us. It reflects Paymob’s commitment to our KSA expansion plans while serving merchants and entrepreneurs across the Kingdom to support their growth with cutting-edge financial technology solutions. We are excited to contribute to the emerging fintech ecosystem in Saudi Arabia and to play our part in driving the Kingdom’s digital transformation outlined in Vision 2030.”

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