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PayTabs Partners with a Local Payment Solutions Provider in Iraq to Drive Digital Payment Growth in the Country

Category: Partners & Partnerships

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:

  1. Online payments enable merchants and businesses of all shapes and sizes to pay and get paid instantly, seamlessly, and securely all over the globe.
  2. Recurring payments enables merchants and businesses that offer consistent services to receive payments from clients. Good examples are SaaS companies and gym memberships.
  3. Pay links – a secure payment link that helps merchants and businesses to sell over social media platforms such as Facebook, WhatsApp, and Instagram.
  4. 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
-Abdullah Idris is a freelance writer/content marketer for start-up companies offering financial services. Learn more about his work here

PayTabs Egypt and zVendo join hands

Together, the two companies “zVendo and PayTabs Egypt” collaborate to allow online businesses to run an outstanding local fully integrated eCommerce platform that offers an exceptional customer experience for your clients.

Know more about zVendo.

Established in 2018 by the primary founders of leading e-commerce solutions company Business Boomers, zVendo emerged from Egyptian developers and was set up to cater to the Middle Eastern and Arab world. The main aim was to enable businesses to start selling online in a blink of an eye and provide merchants and their customers with a localized experience that does not require having any technical knowledge.

What zVendo aimed to deliver is complete end-to-end services that cater to all customers’ needs and which enhances the overall customer experience leaving no delivery channel or services overlooked together with complete omni-channel support.

The omnichannel enabler provides multiple selling channels, from an online store to a mobile app and POS systems, product feeds for social media platforms, marketplaces, and product aggregators.

zVendo provides subscription-based packages to support businesses of all sizes. Ranging between freemium and full-fledged features, they include more than 20 ready-made payment and shipping integrations. The Arabic language is available to online stores as a free feature to all packages.

 

PayTabs & zVendo Collaboration

 

The strategic partnership between PayTabs Egypt and zVendo will guarantee that shoppers receive a wide range of services under a one-stop platform seamlessly. With their contributions, the collaboration is intended to provide a direct payment integration with a wide range of services that help small businesses start their online businesses and then grow in a sustainable and productive way, these services are represented in several payments directly connected to the online store, from credit-card payments, to ValU, Meeza and Fawry.

Paytabs and zVendo collaboration is an initiative launched by the Central Bank of Egypt to encourage the digital transformation and the transition to digital payments in Egypt. zVendo and Paytabs Egypt are collaborating to provide merchants with everything they need to digitize their business and to start their businesses online.

If you are looking to expand your business and kick the online sphere, zVendo and PayTabs are here to support you with that.

PayTabs-Apple-Pay

PayTabs has once again simplified the lives of merchants and customers in the United Arab Emirates (UAE) and Kingdom of Saudi Arabia (KSA) with the introduction of Apple Pay as an alternative payment method. (APM). The collaboration brings with it several new features which aims to make online payment processing more secure and convenient for PayTabs merchants.

Why has PayTabs launched Apple Pay

PayTabs aims to simplify online payment process for its clients. Collaborating with Apple Pay allows the online payment service provider to offer advanced technologies and more efficient processes. With Apple Pay, PayTabs is able to meet the requirements of its clients, giving them more bang for their buck. The online payment service provider is also able to augment its portfolio of supported APMs, widening its network and reach.

PayTabs is also in position to acquire new clients who still have to join Apple Pay by offering them a guiding hand. With this new tie up with Apple Pay, PayTabs can remain a leading figure in the market when it comes to implementing cutting edge technologies.

As a merchant, why should you use Apple Pay?

Apple Pay offers many distinct advantages and features over other payment systems:

  1. Simplicity: Apple Pay is easy and works with the Apple devices customers use every day. Your customers can make secure purchases in stores, in apps, and on the web. Apple Pay is a mobile payment and digital wallet service, which allows the use of multiple debit cards as well as credit cards. The process is highly simple to implement. Merchants are not required to undertake any step to enable PayPage transaction. However, for iOS transaction, they need to be enrolled in Apple Pay program. The process is simple and PayTabs team is at hand to provide guidance to the merchants.
  2. Convenience: When customers make purchases on the web on the Safari browser, on an iPhone, iPad, or Mac, they can use Apple Pay without having to create an account or fill out lengthy forms.

Apple Pay is a versatile service which may be used offline as well as online. The company has global presence which ensures that cross border businesses are highly benefited with the ability to accept and make payments in different parts of the world. Further, the service can be accessed through its app, ensuring that you are able to transact no matter where you are. As long as you have a phone with internet connectivity, ApplePay lets carry out your business as usual.

  1. Privacy & Security: The robust security measures undertaken by Apple ensure that the financial data entered by the users is stored securely, guarding against compromise. PayTabs will deploy Apple Pay with an arsenal of security features. The processors will be enabled through MPGS, ensuring the safety and security of vital information. Further, as the customer’s cards are required to be issued by one of the supported banks, minimizing the risks of frauds. Apple ecosystem in itself is considered to be one of the most robust systems around. Thus, ApplePay comes with high quality security features, ensuring that the data remains safe.

How does it work?

Apply Pay is a highly popular service which is easy to initiate and operate. The service has been integrated with PayTabs system and requires registration with ApplePay as well as with PayTabs. The process of starting the service differs if the clients want to use the services through webpage or through app. For web access, the merchant will be required to request the feature enablement. On its end, PayTabs will enable AP integration. Then either the common access is provided to them or they are given a new MPGS MID. However, for iOS app, the merchants will be required to enroll in AP program.

Overall, the process of integrating ApplePay with PayTabs has been greatly simplified. The tie up will let PayTabs clients enjoy modern features with robust security protocols, ensuring the integrity of their and customers’ data. The integration will also ensure that the payments are processed in an efficient manner.

PayTabs

PayTabs-Collaborates-with-Nazeel.net to-facilitate-payments-in-the-Hospitality-IndustryPayTabs, a leading payment solutions provider in the Kingdom of Saudi Arabia, is now collaborating with Riyadh-based Nazeel.net, a cloud-based hotel management software and systems provider, to offer cutting-edge payment services to its clients. The new and promising tie-up is expected to be especially useful for hotels, motels, chalets, resort chains and real estate sectors. Here is a closer look at the many benefits arising from the association:

  • Teaming Up with the Best: net is an undisputed leader in the hospitality sector, with over 45 percent market share in the kingdom. In fact, it books 23 million hotel nights annually through its platform. With its unique leadership position, Nazeel.net can provide advanced solutions to its clients. Over 4,300 hotels have already expressed their faith in Nazeel.net for managing their properties. And the collaboration with PayTabs will further allow the clients to benefit from novel payment solutions and business tools. The long-time expertise of Nazeel.net will help the businesses in attaining maximum efficiency and optimality. The synergies generated by Nazeel.net’s hotel management software and solutions and PayTabs’ payment solutions will help clients attain greater convenience.

 

  • Customized Solutions: The collaboration seeks to empower the hospitality industry in the region, by making the payment system simpler, faster, and more secure. According to the data published by Global News Wire, the Saudi Arabian hotel industry is driven by rapid economic growth, the development of real estate projects investment, and innovative constructions. These factors are driving tourism in the region as well, which is expected to fuel the growth in the hospitality industry.

 

  • Global Edge: The region is expected to attract visitors from all over the world. The kingdom is especially looking to increase the number of Hajj and Umrah tourists. These two streams are the prominent sources of visitors in the region. According to an estimate, there were 19 million such visitors in 2019 and the government is now looking to increase the number to 30 million by 2030. These visitors come from different countries, and thus, require hospitality establishments to deal in a wide range of currencies. PayTabs, with its new collaboration, will be able to offer digital payment solutions to hospitality services providers in the region. This move will lend a global touch to their operations.

 

  • Operational Dashboard: The collaboration will prove to be especially helpful for businesses that are planning to take their operations online. This shift can help enhance their revenues and returns. PayTabs and its collaborator Nazeel.net can help in setting up the business’s payment gateway in an easy manner. With the help of Nazeel.net’s specialized dashboard, hospitality management companies can easily manage their daily operations. From a single window, they can enjoy a bird’s eye view of all their business operations, giving them better control. The business owners can also select the frequency of their reports. Whether they are looking for hourly reports or weekly, this system is all set to provide them with relevant details.

 

  • Innovative Payment Solutions: Together, PayTabs and Nazeel.net are in a position to provide unique and innovative payment solutions to hospitality services providers. The robust technologies used by PayTabs will not only ensure that the businesses are able to process their cash flows promptly, but also help them boost their own and their clients’ security. The promptness of processing will help businesses to maintain their liquidity, while the security measures will keep sensitive data away from prying eyes. Ensuring safety of the data will also allow hospitality businesses to build a reputation in the market and create a niche for themselves.

 

PayTabs and Nazeel.net together aspire to facilitate digital hotel bookings and reservations in KSA. They are wholeheartedly working towards achieving the Saudi 2030 vision of cashless payments.

PayTabs

PayTabs-&-Zid-partner-for-integrated-e-commerce

Running an e-commerce store requires two main components – great online visibility that will attract more customers and secondly, a secure and robust payment system that will ensure that your customers can pay you easily and you can receive online payments from anywhere safely. Finding the right tools to set up your online store and finding the right payment gateway to accept payments are crucial for the success of your business. Luckily, you don’t have to worry about where to find the best of these two services.

In an effort to expand the scope of its services, PayTabs, the leading payment processor operating in the MENA market, has joined hands with Zid, which offers a complete ecosystem to build and operate an online store. Merchants will now be able to access PayTabs’ best-in-class payment offerings and global reach as well as Zid’s e-commerce solutions to enjoy better sales and online visibility.

PayTabs allows businesses to transact in 168 different currencies, helping them to expand their global footprint. It also maintains its market lead by employing cutting edge technologies and forging new alliances.

The Collaboration

This collaboration will allow PayTabs to offer its payment solutions to 4,000 online stores. Zid is focused on offering its services to retail businesses in e-commerce sphere. The service provider currently works with over 2,000 retailers, engaged in over 14 sectors in retail market. The company has developed expertise to provide specialized services to help these businesses with varied requirements. Zid provides an entire ecosystem of services to help a business enter the e-commerce segment and sustain itself.

Zid can help the businesses set up their online stores, without requiring to be familiar with coding and all the other technical stuff. It lets startups build online presence in a simple and straightforward manner. Once done with setting up an online shop, entrepreneurs can focus on forming networks and collaborations. This is yet another area where Zid’s services can be an asset to any organization looking to capture a share of the emerging online market.

The partnership between PayTabs and Zid will ensure that their customers receive a wide range of services under a single platform. With their end to end offerings, the collaboration is designed to provide seamless services to help small businesses kick start their online enterprises and then grow in a sustainable and efficient manner.

About Zid

Zid is an online solution provider which helps businesses in growing their presence online. It helps in a variety of ways with its wide range of services. Zid has completed over 500,000 orders till now while its sales volume has crossed SAR184 million. With over 850 training and consulting hours, Zid has considerable experience dealing with diverse problems and issues faced by the businesses. The firm specializes in providing services and consultancies with regard to online transition of the businesses. It also offers a variety of payment options to help your firm grow internationally by letting you accept the payments in different currencies and in different countries. Further, it also allows its partners to offer cash on delivery payment option to its clients, which is fast becoming one of the most important payment methods for online customers.

As Zid aims to become one-stop solution provider for online businesses, it arranges logistics services for the clients. With its varied collaborations, the clients can pick their preferred delivery partners for achieving efficiency and economy. Further, Zid also aids businesses in managing their inventories with the state of art tools.  Overall, Zid successfully integrates technology and business savvy to allow firms in capturing online market.