Riyadh - Sharikat Mubasher: PayTabs Group, the award-winning payment solutions powerhouse in MENA, forged a strategic partnership with Concept Combined Group, a leading technology company based in Kuwait, to operate Advanced Payments Solutions (APS) in Kuwait under the PayTabs Kuwait brand umbrella.
PayTabs Kuwait aims to transform Kuwait’s digital payment landscape and drive the country’s digital transformation by providing leading-edge orchestration solutions, the group announced in a statement.
Through this partnership, PayTabs Group will introduce its comprehensive product suite to the Kuwaiti market, offering secure and convenient payment solutions customized for the unique needs of Kuwait’s fast-growing businesses and entrepreneurs.
This collaboration represents a significant milestone in the GCC region’s fintech landscape as PayTabs Kuwait will allow all businesses and enterprises in the country to seamlessly accept, process, and disburse payments securely.
Abdulaziz Al Jouf, CEO and Founder of PayTabs Group, stated: “Our research highlights the untapped potential of Kuwait’s market, which remains largely unexplored by payment providers. This partnership combines Concept Group’s local expertise with our best-in-class payment technology and infrastructure, creating a powerful force to scale businesses and elevate Kuwait’s digital economy.”
Meanwhile, Anwar Nabeel Al Qenaei, General Manager of PayTabs Kuwait, highlighted the pivotal role of PayTabs technology in elevating payment processing in Kuwait, ultimately enhancing safety, efficiency, and the overall user experience.
“This partnership aligns with our commitment to delivering innovative payment solutions that cater to the unique needs of the Kuwaiti market. By introducing advanced services like open banking integrations and digital wallet capabilities, we are enabling businesses to embrace digital transformation and better meet evolving consumer expectations,” Al Qenaei added.
On his part, Deputy CEO of Concept Combined Group Ahmed Al-Mousa commented: “Our collaboration with PayTabs Group is a testament to our commitment to the region. Together, we aim to equip and empower businesses with the tools and technologies they need to thrive in the digital era.”
Moreover, PayTabs Kuwait intends to continue its leadership in the fintech field and drive innovation in this vital sector, in alignment with the New Kuwait 2035 Vision aiming to diversify the economy and build a prosperous future.