Riyadh - Sharikat Mubasher: PayTabs Group, the award-winning payment solutions powerhouse, plans to drive the payment economy in the Middle East and North Africa (MENA) region by injecting SAR 200 billion in payment processing volumes by 2025.
This significant move aligns with PayTabs’ aspiring goal of achieving 200% to 400% year-over-year growth across established and emerging markets in MENA, the company revealed in a statement.
PayTabs’ ambitious expansion plan further includes upgrading core payment and orchestration platform operations and forging strategic collaborations with central banks and large card schemes this year.
The plan to inject SAR 200 billion in payment processing volumes is backed by PayTabs’ upgraded payment orchestration platform that can manage and process billions in payment volumes across the region, effortlessly per second through servers located inside Saudi Arabia, UAE, Egypt, and other Arab countries.
Founder and CEO Abdulaziz Al Jouf commented: “We are proud to be the leading partner for enterprises and governments, looking to streamline their payment processes and foster growth.”
Participating as a bronze sponsor in 24 Fintech, PayTabs showcased the features of its orchestration platform via a real-time live transaction feed with visitors.
It should be mentioned that PayTabs may explore an initial public offering (IPO) soon, capitalizing on its market-leading position in the region.
