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PayTabs completes its payment orchestration platform with national integrations

By Delisha Fernandes

March 07, 2024

  • Digital Transformation
  • Financial Institutions
  • fintech MENA
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PayTabs,

PayTabs Group, a MENA-based payment orchestration platform during the LEAP Expo, has announced the integration of key national payment methods in the Kingdom of Saudi Arabia to complete its Payment Orchestration Platform.

This strategic move not only expands PayTabs’ reach within the Saudi Arabian market but also fortifies its commitment to extend its full-stack payment processing services to government entities, financial institutions and FinTech companies, including those funds and entities overseeing mega-infrastructure and development projects.

Abdulaziz Al Jouf, CEO, and founder, LEAP Expo in Riyadh, said, “The kingdom’s mega and giga projects are designed to stimulate the economy and their benefits expand significantly beyond the real estate and infrastructure sectors, helping to diversify the economy. As Saudi Arabia’s first FinTech brand, we are proud to power this growth with the region’s home-grown orchestration platform which now includes key national payment methods.”

Tailored specifically for ministries, FinTechs, and public entities, the PayTabs platform provides custom-fit solutions available on the cloud, on-premise, or through hybrid models, ensuring affordability and flexibility. The kingdom’s public sector can benefit from launching its own private labelled payment orchestration service on a modular basis, meeting all local data fencing and security requirements which is a key benefit to keep up with Saudi Arabia’s infrastructure development and massive development programs in preparation for Expo 2030 and the World Cup 2034.

This new integration is a significant addition to the PayTabs ecosystem. It will now allow PayTabs to extend its services to government entities with efficient and secure payment processing and collection. With this enhancement, PayTabs is well-positioned to cater to a broader spectrum of clients, including those in the public sector.

The Payment Orchestration Platform is a culmination of PayTabs’ services under one unified label, streamlining the user experience and providing a comprehensive suite of payment solutions for all sectors of the economy, including SME private enterprises and freelancers.

As part of this orchestration and arrangements with licensed partners, PayTabs now seamlessly enables its technology partners to accept payments through one of the most popular and used payment methods in the kingdom – SADAD, which has always aimed to accelerate digital transformation in the Kingdom.

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