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paytabs.com

Founded Year

2014

Stage

Unattributed | Alive

Total Raised

$20M

Last Raised

$20M | 5 yrs ago

Mosaic Score

+60 points in the past 30 days

What is a Mosaic Score?
The Mosaic Score is an algorithm that measures the overall financial health and market potential of private companies.

About PayTabs

PayTabs is a B2B payment solution provider. The company processes transactions in multiple currencies, safely and securely. Using a tool known as API plugins, PayTabs facilitates integration for merchants across industries to ‘plug and play’ features on to their websites.

PayTabs Headquarter Location

14th floor, Adeer Tower Al Yarmouk District Cornish, Prince Turkey Street

Al-Khobar, 34252,

Saudi Arabia

920006532

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Expert Collections containing PayTabs

Expert Collections are analyst-curated lists that highlight the companies you need to know in the most important technology spaces.

PayTabs is included in 1 Expert Collection, including Payments.

P

Payments

2,319 items

Companies and startups in this collection enable consumers, businesses, and governments to pay each other - online and at the physical point-of-sale.

Latest PayTabs News

PayTabs introduces SwitchOn®, the next generation payment solutions suite

Jun 8, 2022

PRNewsWire India PayTabs' SwitchOn® platform offers unrivaled capabilities, value, and flexibility to established financial institutions, fintech's and merchants in the MENA regionDUBAI, UAE, June 7, 2022 /PRNewswire/ -- PayTabs - MENA's award-winning payment processing powerhouse, made a jump start last year in its pursuit to pioneer next generation payments, by announcing the launch of its new home owned, globally validated unified payments and transaction processing platform, PayTabs SwitchOn®. After multiple launches with clients across the region, the payment card industry (PCI) certified solution, includes a Switching and Authorization System, a Card and Wallet Management System, and the Unified API Gateway.PayTabs SwitchOn® is now available for local deployment, at a fraction of the cost. With its own IP and built upon deep use case expertise, the flexible and compelling solution aims to empower innovation in the region by enabling flexible payment orchestration at scale.As a Fintech enabler for the region, PayTabs' mission is to simplify and yet orchestrate a unified payments experience and value for key players in MENA and beyond. Fintechs will find it particularly suitable to comply with local in-country regulations.Established Financial Institutions and fintechs' specific needs are met via the modular and hybrid deployment modes available.PayTabs SwitchOn® architecture is designed to ensure a unique payment orchestration capability allowing clients from multiple industries and scale to maximise the benefits they get while in conjunction with the legacy systems.From the Card and Wallet Management System to the Unified APM Gateway and passing by the various value-added modules, clients can select what best fits their needs. PayTabs' experts will ensure the right deployment mode is provided, either it is a Hosted Managed Service, On-Premises, or Hybrid. PayTabs also provides custom fit white-label solutions.PayTabs SwitchOn® solution for omni channel payments and its deployment modes provide answers and checks all the boxes to the growing demand for solutions that are compliant with the data localization directives and regulations for each country of operation. Which enables brands and large corporations across countries and regions to manage their payment complexities with a 360-degree view, reducing dependencies with third parties and thus streamlining the speed to market.Commenting on the launch of PayTabs SwitchOn®, Johnson S Sasikumar, Group Head of Strategy, PayTabs said: "In the post covid era of emerging payments, this is good news for the region. By orchestrating a groundbreaking technology and as the next generation payment system architects, we have elevated our payment processing capabilities. With PayTabs SwitchOn® we are now able to deliver a 360-degree payment experience in a few weeks, at a fraction of the cost. "Taff Morris, PayTabs VP- Divisional Head of SaaS added: "SwitchOn is the power behind PayTabs next generation payment processing solutions. "About PayTabsPayTabs is an award winning, payments solutions powerhouse founded by Saudi entrepreneur Abdulaziz Al Jouf in 2014.PayTabs processes transactions in multiple currencies and markets, safely and securely. Using API plugins, PayTabs facilitates seamless B2B e-commerce solutions for small and medium enterprises across industries, to 'plug and play' payment features on to their websites. PayTabs prides itself on offering e-invoicing services enabling businesses to enjoy digital invoicing, pay by QR code or secure social media payment links.Originally backed by Saudi Aramco's "Waed" and later by private Saudi investment, over the years, PayTabs has in-built and exported a full stack of game changing solutions. These include mobile applications, hospitality, governmental, education, airline, travel, transport, and biller solutions, to interlink the multi-billion-dollar enterprise market chain in the MENA region.In 2021, PayTabs launched "PT Touch", the first SoftPOS solution in MENA to transform smart phones into merchant POS terminals. Last month, PayTabs launched its own social commerce platform, 'Paymes' to ease payments for micro merchants.A proven game changer in the global payments space, PayTabs has dedicated offices in the UAE and KSA and presence in other locales including Egypt. The company is an equal opportunities employer with a diverse and multi-cultural team from over twenty nationalities.More PayTabs milestones on: https://site.paytabs.com/en/Photo - https://mma.prnewswire.com/media/1833164/PayTabs_SwitchOn_Solutions.jpg  Advertisements

PayTabs Web Traffic

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  • When was PayTabs founded?

    PayTabs was founded in 2014.

  • Where is PayTabs's headquarters?

    PayTabs's headquarters is located at 14th floor, Adeer Tower, Al-Khobar.

  • What is PayTabs's latest funding round?

    PayTabs's latest funding round is Unattributed.

  • How much did PayTabs raise?

    PayTabs raised a total of $20M.

  • Who are PayTabs's competitors?

    Competitors of PayTabs include Paymob and 3 more.

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