back Back

PayTabs announces its expansion into card issuance

By Delisha Fernandes

November 28, 2023

  • and debit cards
  • baas adoption
  • BaaS offering

PayTabs,PayTabs Group has announced the launch of PayTabs Issuance, a secure prepaid card issuing solution aimed at scaling business operations, regionally.

PayTabs Issuance, equipped with its own IP and built on globally acquired expertise, is custom designed to empower any business with a solution which includes acquiring, issuing, managing, and controlling payments. It is an orchestration platform that empowers banks, retailers, and corporates to issue cobranded Visa, MasterCard, and debit cards along with other local cards in multiple currencies.

Abdulaziz Al Jouf, PayTabs Group CEO and founder, stated, “PayTabs has teamed up with banks and processors worldwide to help businesses issue cards globally. Using smart tech Orchestration, we’re making it possible for thousands of businesses to execute transactions, access data and scale their operations. Being able to offer cards program gives PayTabs a unique positioning by offering the best of both acquiring and issuance as a bundled solution”

The ultimate objective of the PayTabs orchestration platform is to empower any company, across any market to become standalone and self-reliant in terms of payment processing technology. PayTabs acquiring and issuing orchestration platforms aim to deliver FinTech strategies for any enterprise and create a new line of revenue with zero hassle of building or adapting multiple technology platforms from multiple vendors.

The Card Issuance is aimed at simplifying the complexity and cost barriers that often hinder prepaid card issuance. Powered by the force of BaaS, it is equipped with proprietary technology and an acute understanding of the entire card issuance lifecycle. Moreover, the card issuance is about crafting, customising, and overseeing multiple programs across borders.

This launch has unlocked new possibilities as businesses can anticipate substantial cost efficiencies and solutions including virtual card generation, personalization, co-branding, and value-added services like reward, and loyalty programs.

Previous Article

November 28, 2023

DBS/POSB brings new anti-scam features to empower customers funds security

Read More
Next Article

November 28, 2023

Rajat Kumar Jain appointed as the Chairman of Fino Payments Bank

Read More

IBSi Daily News Analysis

bahrain, islamic finance

February 22, 2024

and debit cards

What makes Bahraini Islamic Finance industry so robust

Read More

IBSi FinTech Journal

  • Most trusted FinTech journal since 1991
  • Digital monthly issue
  • 60+ pages of research, analysis, interviews, opinions, and rankings
  • Global coverage
Subscribe Now

Other Related News


MultiPay teams up with to launch Pay By Bank

Read More


UNIPaaS unveils AI payment assistant solution for SaaS platforms

Read More


Security Bank joins Avaloq to digitise its wealth management business

Read More

Related Reports

Sales League Table Report 2023
Know More
Global Digital Banking Vendor & Landscape Report Q4 2023
Know More
Wealth Management & Private Banking Systems Report Q4 2023
Know More
IBSi Spectrum Report: Supply Chain Finance Platforms Q4 2023
Know More
Treasury & Capital Markets Systems Report Q4 2023
Know More

IBSi Sales League Table

The industry acknowledged barometer of global banking technology vendor performance!
Get your copy now!
Get your copy now! IBSi Sales League Table 2023