August, 2021: The companies on Forbes Middle East’s first list of the “Top 15 Fintech Apps In The Middle East” are helping customers make payments, remit money, borrow, and invest online. In total, they have been downloaded 9.5 million times and they processed around $6.9 billion worth of transactions in 2020. Six of the 15 companies are based in the UAE, followed by four in Egypt, three in Kuwait, one in Jordan, and one in Saudi Arabia..
PayTabs was proud to support and guide female entrepreneurs through Qodwatech’s online session given by our Strategic Alliance Manager, Mina William to discuss the Fintech industry and importance of online payments
Paytabs launches Paytabs Market, a Centralized Platform to Manage Online Payments across Multiple Branches and Stores.
Paytabs, an award-winning payment solutions company that helps entrepreneurs and small and medium-sized enterprises in the MENA region achieve their full potential in online payments – has launched a new platform called, Paytabs market.
Paytabs market is the ideal express payment platform for managing a handful of sellers and vendors in the e-commerce space. It is a centralized platform designed to help companies and businesses of all shapes and sizes manage online payments across multiple branches and stores.
It works best with any business or company that operates more than a single branch or store across different countries and cities in the MENA region. Businesses can now use the platform to manage multiple sellers and vendors and also receive payments from customers.
The way this works is simple. You can use it to create and access multiple vendor profiles within a single dashboard. The business, merchant or company will go through a series of registration and onboarding processes, while the stores and branches will become listed under the same company.
The company or merchant will sign up for the platform and then continues with the onboarding application. Paytabs then reviews the company in need and then approves the application. After that, the platform creates profiles for the merchant or company for each sub-vendor. Now the vendors and branches can start processing their activities while the merchant or company monitors their transactions.
The platform gives the ability to report and manage the group profiles involved for the business. It also offers management capabilities for the user or teams involved. You can also use the dashboard to view and monitor the activities and transactions of the group profiles within the business.
Paytabs Market offers lots of benefits. Some of these are:
- It supports multiple currencies and local payment options for the country in which the business operates.
- It supports online wallets or e-wallets, debit cards, and credit cards.
- It helps merchants to offer unique and customized invoices to their customers.
- It supports and manages store accounting and pay-outs.
- Offers single and bulk invoicing options to businesses.
- It helps merchants and businesses to operate manual, scheduled and recurring invoices to their customers.
- It supports Paylinks – a web link that directs customers to a payment page and QR payments for social commerce. It helps to make online payments super simple.
- It integrates e-commerce plugins from popular providers like Shopify, WooCommerce, Magento, and many others that suit your business model and online shoppers and enable seamless check-out for customers.
-Abdullah Idris Makarfi is a writer and content marketing strategist for companies in the finance industry. He works with brands offering financial services to create content that increases their website traffic, generate inbound leads and improves their keyword rankings. You can check out some of his work here: https://medium.com/financegeek.
Running a business in the current digital era is no longer viable without a website. Even brick-and-mortar startups need some online presence to survive as modern customers search for everything, right from products, business location, to operating hours, from the internet. Therefore, building a simple website for your business can give you an edge in your niche. Besides, if you have products or services to offer, a website can help you reach new markets easily and cheaply.PT
Fortunately, web design software has evolved and can be used by anyone. You don’t need to master programming languages to build a functional website. Below are some guiding tips on how you can build a better site with ease.
1. Choose Your Site Building Platform
You should choose a user-friendly website-building platform that doesn’t require extensive coding knowledge to build your website. Below are some recommendations for your small business website;
- WordPress – WordPress.org is a good option as it comes with several features that allow users to build their sites with ease. However, you will have to find a third-party hosting provider.
- Hosted website builder – if you want an all-in-one website building platform, hosted builders, such as Wix or Squarespace, are good options. Unlike WordPress, you don’t need to find third-party hosting. However, you will have restricted design flexibility.
You should consider several factors before deciding on your preferred platform. For instance, while WordPress is an open-source platform that is free to use, hosted website builders have subscription fees, which vary depending on your chosen plan.
2. Choose a Domain Name
The domain name is an important feature of any website, as it is the URL you will share with your customers or prospects and on social platforms. Therefore, you should choose a descriptive and easily memorable domain name. Keep it short and avoid using abbreviations, numbers, or acronyms to prevent confusing your customers.
You should also choose a top-level domain, which is the suffix of your domain name. Choose between .net, .com, or .biz. There are non-traditional TLDs also, which were based on location, like .nyc or business type, such as .marketing, .law, or .agency. Once you have chosen an appropriate domain name, you should confirm its availability and buy it from a domain registrar. Popular domain registrars include GoDaddy, Wix, Domain.com, and Squarespace.
3. Find a Hosting Provider
Your website can’t be complete without being hosted. Basically, hosting is a server that stores all the data that customers find on your website. For a small business, hosting your website might be expensive, making it prudent to use external hosts. You can choose from two main options, the first being shared hosting, which is a less expensive option, or dedicated hosts, which costs more.
Shared hosting means you will have to share the server with other websites. On the other hand, dedicated hosting gives you access to a private server. As mentioned, hosted website builders provide hosting for their clients. Consider several factors, including costs and reliability, when choosing a host for your website.
4. Add Content Pages
With a good domain name and hosting, it is time to start adding content to your website. Consider the following standard pages for your small business website;
- Homepage – this is the first thing that visitors see when they open your website. Your homepage should have a brief description of your business and navigation buttons to other pages.
- Products and services page – used to describe products and services offered.
- About us page – use it to share your story and details of your team.
- Blog – an important page for your content marketing strategy.
- Contact page – include a contact form for customers who want to reach out.
5. Test and Publish Your Website
Before referring people to your website, you should test to ensure that it works in most browsers, including Microsoft Edge, Safari, Internet Explorer, and Chrome. Click through every page on all browsers to ensure that links, images, and content formats are displayed correctly. While this might be tedious, it will save you from future complaints that customers can’t access some features.
Part of testing involves optimizing your site for search engines. This includes optimizing the website for speed, using the right keywords, using a responsive design that works on all devices, and appropriate use of internal and external links. Once you’ve ensured that everything is right, you can market your website to your customers through social media and other channels.
The Bottom Line
Having an online presence is important if you want to reach a new audience and survive the current digital era. Fortunately, building your business website isn’t as challenging as before, thanks to various technological tools. If outsourcing your web development for your small business isn’t an option, you can do it yourself with some basic coding skills. Veterans can leverage the GI Bill Benefits to finance their web development courses.
-Angela is a data science enthusiast who graduated from Penn State with a B.S in Computer Science. She currently works with coding schools and small businesses to help build better websites.
PayTabs Partners with a Local Payment Solutions Provider in Iraq to Drive Digital Payment Growth in the Country
PayTabs is an award-winning payment solutions company founded in 2014 in Saudi Arabia. It empowers entrepreneurs, small and medium-sized enterprises in the MENA region to achieve their full potential in online payment performance and allowing businesses to make digital transactions and receive customer payments.
Recently, the company announced its collaboration with Amwal Payment Services, a local payment solutions provider in Iraq, to help power digital payment processing and transform small and medium-sized businesses.
The consistent rise in the e-commerce business strategy has brought in an impressive number of followers in Iraq with curiosity tapping into the market but with no tools to scale their online businesses.
Amwal is an electronic payment service established in 2009 and is responsible for installing lots of Point of Sale (POS) facilities across Iraq. The company was given an official license by the Central Bank of Iraq to issue, acquire, and process global electronic payments, especially MasterCard in the region. Amwal has been collaborating with the Central Bank of Iraq to offer several financial services to banks, such as upgrading banks to online banking systems.
The B2B payment solutions provider, in collaboration with Amwal, seeks to expand into the Iraqi market to create digital transformation in payment and transaction processing. It also seeks to enhance e-commerce enterprises and operations in the region. To achieve these objectives, it aims to facilitate online payments, recurring payments, e-invoicing and multiple payment options.
According to data from the World Bank, only 23% of Iraqi residents have access to an account at a financial institution. Most companies in the region still operate their business in cash, with only 26% of enterprises in Iraq using digital banking systems. An estimated 98% of employers make their purchases or transactions in hard currency. Nearly half of those also pay their suppliers in notes.
William Glass, a FinTech entrepreneur whose mission is to improve financial well-being globally, once highlighted the prerequisites to succeed in a new market during expansion. “When a payment company expands into a new market, it’s important that they first understand what made them successful in their current market. Answer the question, what problem do you solve for your customers and what makes you better than other methods of making payments? From there, expansion into the new market is about finding the customers who most closely resemble those current customers”, he adds.
Paytabs currently supports multiple payment processing across markets in the Middle East and North Africa, enabling businesses to make digital transactions and receive payment from customers. The company facilitates transaction processing in 168 currencies across 49 different industries with multiple alternative payment options such as MasterCard and Visa card schemes. Some of their awards winning products include:
- Online payments enable merchants and businesses of all shapes and sizes to pay and get paid instantly, seamlessly, and securely all over the globe.
- Recurring payments enables merchants and businesses that offer consistent services to receive payments from clients. Good examples are SaaS companies and gym memberships.
- Pay links – a secure payment link that helps merchants and businesses to sell over social media platforms such as Facebook, WhatsApp, and Instagram.
- E-invoicing to clients/customers across the globe and receive payments in the country.
Paytabs venturing into the emerging Iraqi market in collaboration with the veteran payment partner, Amwal, will empower Iraq’s small and medium-sized enterprises and e-commerce entrepreneurs towards a seamless digital transformation in payment methods.
The global pandemic has necessitated the increase in the adoption of digital payments in most countries that operate a cash-driven economy, including Iraq. With Paytabs, retailers and businesses in Iraq will benefit themselves by becoming financially viable in the online community and scale up their businesses.
The CEO of PayTabs, Abdulaziz Al Jouf, was excited about the development and made a positive remark. “The e-commerce market in Iraq is at the brink of serious development, and we at PayTabs are excited to become a part of this journey along with entrepreneurs and businesses. The most peculiar attribute about PayTabs is that we are corporate in outlook, but we think and act locally in every market we enter, to have a better understanding of the market needs and then customize our products to suit each business”.
-Abdullah Idris is a freelance writer/content marketer for start-up companies offering financial services. Learn more about his work here