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How Women are Making Strides in the Payments Industry ?

Category: Events

Women Make Strides in Payments Industry
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Women Make Strides in Payments Industry

In the dynamic landscape of the payments industry, a noticeable shift is underway. The fintech domain is now witnessing an incredible surge in the contribution and direction of women. The digital age continues to reform financial transactions, and women entrepreneurs are making their presence felt in key roles, steering innovation, and cracking barriers in the payment sector and beyond.

In the fintech and payments ecosystem, the last few years have seen an environment conducive to equality, with the spotlight firmly fixed on talent instead of gender. Women entrepreneurs have come to the forefront and are breaking gender barriers. Not only are women building successful careers in the financial services and technology domain, but they are also making significant contributions worldwide.

As women continue to take giant strides and make a mark in leading start-ups and establishing themselves as retailers, investors, and in the banking and payment networks, PayTabs strongly supports their endeavor and appreciates their rise to the top. The team at PayTabs believes in the empowerment of women and plays its part in supporting fempreneurs who serve as role models for others and positively impact the payments industry.

Women’s role in the payment industry is not merely a passing fad or trend but a significant transformation that has broad implications. This sector has always been synonymous with male-centric leadership and perceptions. However, women are being recognized for their diverse talents and receiving accolades for their valuable contributions.

Among the most notable aspects of women’s steady ascent in the payment sector is their leading roles in promoting innovation. Whether it is developing user-friendly interfaces or fronting leading-edge technologies, women entrepreneurs are creating solutions to enhance the efficiency and security of payment gateways.

Webpreneurs, particularly women entrepreneurs, face diverse challenges when it comes to running their businesses. PayTabs addresses one vital challenge, i.e., conforming to changing regulatory regimes and digital payment solutions.

Being technology-driven, businesses today need digital access to global markets and the ease of seamlessly accepting online payments. This is where PayTabs continues to stand by women entrepreneurs by providing payment solutions in over multiple countries and alternate currencies via a single API. This lets women focus on their businesses while PayTabs sorts out their e-payment worries.

Among the leading payment gateways, PayTabs believes in helping more women entrepreneurs lead from the front. PayTabs’ acquisition of Paymes, the largest social commerce platform in Turkey, has empowered scores of female entrepreneurs spread across the Middle East and Africa to receive payments instantly. Female entrepreneurs can create customized web stores and reach out to global markets. This feature offered by PayTabs enables a new segment of female entrepreneurs, especially those who run micro-home-based business enterprises, to sell their products on various social e-commerce platforms like WhatsApp and contribute to the economy.

The rise of women entrepreneurs in the payment sector reflects a significant societal shift towards diversity and gender equality. As more women pursue rewarding careers in fintech, their wealth of expertise and talent enriches the payments industry. This, in turn, drives innovation and helps build a more dynamic as well as more-inclusive workplace environment.

In the region, women comprise a significant chunk of the workforce, with 44% having fulfilling careers. Not only does the UAE present business opportunities for women who wish to branch out on their own and launch successful businesses, but the gender gap seen previously has also undergone a sea change. This gender gap is steadily narrowing, with 7.6% of entrepreneurs being women today as compared to 11.8% of men founders of businesses.

PayTabs’ commitment to women’s empowerment has remained steadfast over the past decade. Its 300-strong workforce has a considerable number of women employees in leading roles in technology, operations, sales, and customer support. PayTabs believes that the inclusivity of fempreneurs fosters positive social impact, bridges financial disparities, and encourages greater economic empowerment.

As women continue to emerge as a strong presence in the payments industry, PayTabs renews its commitment to remain a trusted name in payment gateways for fempreneurs. Women’s role in the payment industry is reshaping its boundaries and redefining the future of payment gateways.

As PayTabs continues to introduce new opportunities in digital transactions, women entrepreneurs can rely on the payment gateway and accept online payments securely and seamlessly across the globe. PayTabs strives to be a dependable partner in this incredible entrepreneurial journey for women.

2 months ago
PayTabs Journey
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PayTabs Journey

As we approach our tenth anniversary this March, we realize it has been an incredible journey marked by milestones. We have overcome hurdles and have become a name to reckon with among Payment Gateways Providers. As we cherish our journey, we look back upon all that we have achieved over the last decade.

What began as a vision of our founder, Abdulaziz Al Jouf, to provide seamless payment solutions has now transformed into a global enterprise. Today, we not only serve scores of merchants spread across diverse industries but have also emerged as a trusted partner for organizations all over the world. Whether you are a large organization or a start-up making its presence felt in the digital landscape, PayTabs’ customized suite of payment processing solutions will help you expand your base.

PayTabs’ journey began with a 6-member team. Today, our workforce is spread across Saudi Arabia and the GCC region, Jordan, Palestine, Egypt, Turkey, Azerbaijan, and India. As a team, we have crossed hurdles and embraced opportunities to make PayTabs a name synonymous with being a trustworthy partner in the growth of our clients.

PayTabs’ journey is marked with milestones that help us look back at the years gone by with joy.

Some prominent Milestones achieved by PayTabs at a glance:

2014: The story starts in January 2014 when PayTabs was established with a 6-member team, with the founder’s seed investment of 2 million US dollars. Subsequently in March of 2014, PayTabs opened an office and commenced payment processing. In June, the company celebrated the successful processing of its’ first live SME merchant payment transaction of USD25.

2015: By May of 2015, PayTabs had successfully expanded into most GCC markets by signing agreements with national payment service methods of the region. This move solidified PayTabs positioning as a GCC startup.

PayTabs then integrated with Sadad offering it as a payment method to ecommerce merchants in the Saudi kingdom. In June, at the Saudi Arabian Enterprise Agility Awards held with the support of the Riyadh Chamber of Commerce and Industry, PayTabs founder Abdulaziz Al Jouf was awarded the Payment Solutions Innovation award for PayTabs significant contribution to the Saudi ecommerce industry. In November, PayTabs obtained Payment Card Industry (PCI) Standards Certification, giving more confidence to its merchant base to accept payment transactions seamlessly and securely.

2016: The year started off with the thrilling news that PayTabs had been awarded the accolade of most promising Saudi startup by Forbes Middle East. This was huge recognition for a Saudi startup.

2017: Another multi award-winning year for PayTabs. First news that the payment processing company was listed fourth on the top one hundred startups in the Arab World, by Forbes Middle East and in December, Asian Banker awarded PayTabs CEO and founder an Innovation Leadership Award for his visionary approach to payments. In the same month, the team launched a mobile version of the PayTabs payment gateway platform – a mobile app to power the growth of mobile commerce in the region, giving merchants access to monitor their payment transactions on the go.

2018: Next came a host of recognition awards – Best Global Online Payments Solution by the World Payments Congress, Top 20 Fintech Startups in the Middle East as accorded by Forbes Middle East and the CEO was once again recognized as being a top fintech influencer in the region, by Forbes Middle East. Arabian Business gave the company the honour of being the Fintech Company of the year.

2019: Fast forward to 2019 and PayTabs was once again bestowed with multiple awards including one from Finext – Top Company in Payments. In July, PayTabs signed an agreement to enable customers in Saudi Arabia to pay online using STC Pay wallets. In Q3, PayTabs once again made it to the spotlight being recognized as number 1 on the top 20 Fintech Startups in 2019 by Forbes Middle East. But the icing on the cake was in 2019 when the company officially commenced operations by setting up offices in Egypt via a joint venture with EFG Hermes.

2020: When the pandemic hit in early 2020, PayTabs forged an alliance with Zbooni to empower micro business owners to sell from home as the entire world was confined to their homes. In March 2020, PayTabs signed an agreement with a subsidiary of Alinma Bank in KSA to grow our market reach in the Kingdom. Via this association, PayTabs also offered a white-labelled solution of its’ dashboard for the Bank’s Click Pay payment portal and website.

In July, as the pandemic raged, PayTabs revamped their website, making it easier for ecommerce merchants to sign up on the payment platform. The platform itself was enhanced to provide merchants with a better user experience. In early Q4, PayTabs integrated with Valu in Egypt to enable ecommerce merchants to accept payments in installments, in the republic.

2021:  In January PayTabs announced that it had tied up with Union Pay International so that ecommerce businesses in the UAE would now have access to the largest card base in the world. In April, the company announced the launch of its tap to pay soft POS solution to enable merchants to accept contactless payments via their Android smartphone devices. In June, PayTabs commenced operations in Iraq – it was the first international payment service provider to enter the Iraqi market. In August, the PayTabs app was given the honor of being one of the top fintech apps in the Middle East by Forbes Middle East.

Onwards and upwards in the MENA region, in November the Soft POS solution was launched in Jordan, in collaboration with Middle East Payment Services (MEPS). PayTabs also enhanced their payment security by announcing the platform was EMV 3D Secure 2.0 ready. The year ended on a high note with PayTabs being awarded as the most innovative payment solutions provider in KSA. In December, the company announced that it had acquired a 100% stake in Paymes – Turkey’s largest social commerce platform to develop social commerce in the GCC region.

2022:  In early 2022, PayTabs completed their acquisition and integration with India’s OGS PayLab. PayTabs entire business vision has acquired a new dimension by acquiring OGS SwitchOn capabilities. This elevates our payment processing capabilities and positioning in the market. 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 and SwitchOn is the key that will enable us to achieve this goal.

In May, PayTabs launched social commerce payment solutions for micro merchants and freelancers in Egypt. This quickly followed with PayTabs opening its suite of SaaS solutions to serve the MENA market. In June, PayTabs was awarded Best Fintech Company in Saudi Arabia and two other awards quickly followed in August – Best in Class Payment Orchestration awarded by International Business Magazine and top 25 Fintech companies in 2022 – Forbes Middle East. In September social commerce was launched across GCC markets UAE and KSA.

2023: In March 2023, PayTabs attained mada Payment Gateway Certification from Saudi Payments. The company also received the Business Excellence Award from Westford Awards showcasing its commitment to excellence. April 2023 marked a strategic move as PayTabs acquired OGS PayLab, Chennai, expanding its orchestration capabilities. Forbes Middle East recognized PayTabs as one of the Top Fintech Companies of 2023. The momentum continued in June 2023 when PayTabs became the first to deploy 3D secure payment solutions in KSA, demonstrating its commitment to cutting-edge technology. August 2023 saw PayTabs entering the Palestine market, furthering its footprint in the Levant region. November saw PayTabs being honored as the Best Merchant Solution in the MENA region as the company continued to unveil Card Issuance Solutions and formed a strategic partnership with Tabby, solidifying its innovative approach and collaborative initiatives in the fintech landscape. The year culminated with success as PayTabs was honored as MENA’s Fintech Co of the Year by Entrepreneur Middle East

Whether you have been with us right from the beginning or just started your journey with PayTabs, we look forward to being a part of your continued growth and success.

On our 10th PayTabs Anniversary, we look to the future and the opportunities ahead with renewed excitement. PayTabs’ journey is not just a celebration of our achievements but a story where every client, partner, and each and every team member made significant contributions.

Thank you for being an integral part of our incredible story.

2 months ago
Join PayTabs at Rise Up Summit 2019 in Cairo, Egypt
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Join PayTabs at Rise Up Summit 2019 in Cairo, Egypt

Rise Up Summit 2019, the MENA region’s biggest entrepreneurial event of the year, will be held at the American University of Cairo this December. In its seventh run this year, the three-day event will kick off on 5th of December and conclude on 7th December. The Summit aims to provide a platform for startups and other businesses to exchange ideas and resources with one another, providing a unique opportunity for entrepreneurs to collaborate and promote their businesses in the regional ecosystem. This year’s Summit will feature more panels, talks, workshops and fireside chats than ever before, all under the theme #JourneytoGrowth, which aims to showcase all the various approaches to sustainable growth and scalability pursued throughout the regional ecosystem.

The Agenda

With a focus on startup culture and innovation, the Rise Up Team have assembled a jam-packed lineup of local, regional, and international speakers, who will take part in presentations, panels and workshops grouped under seven main tracks: FinTech, Emerging Tech, Tech 4 Humans, Creative Culture, Creative Economies, Growth Hacks, and Smart Capital.

There will also be scheduled ‘satellite’ events which will extend beyond the three-days. The satellite events will held across Cairo at several innovation hotspots. Hosted by the movers and shakers of the city, these forums plan to acquaint attendees with the startup ecosystem in the country. The events will also shine a light on different local communities in their own workspaces. The pre-summit events are aimed at providing the backdrop to the main event while in-Summit satellite events are focused on providing an extension to the action happening during the main event. Post-summit satellites will allow participants to keep the momentum going by offering finishing touches to their achievements during the main summit.

The Launchpad section of the event is aimed at providing a unique platform to attendees for making them heard. Here, you can make your own announcements for networking and creating new connections. Whether you are planning to launch a new product or have just received a new round of funding, Rise Up Summit will give you the opportunity to let it be known to everyone. Further, you can also network for the purpose of mergers and acquisitions to fuel your growth. 

Why Attend

Rise Up Summit provides an excellent opportunity to network. Networking events during the Summit will ensure you can meet people sharing your interests and ideas. Rise Up Summit also offers a unique platform to learn and be inspired as it features many inspirational speakers from all walks of life. The main aim of the event is to provide exposure to cultivate ideas and projects in different fields. Talks, panels, and workshops will focus on a wide range of subjects such as “How to Be Investor Ready” or “How to Write a Book?” for example.

The event will have a lineup of highly influential speakers focusing on the Middle East and Africa (MENA) region. Catch them on one of the four stages set up at the summit. The talks are divided into 7 tracks which are Creative Culture, Creative Economies, Fintech, Emerging Tech, Tech 4 Humans, Growth Hacks and Smart Capital. Catch one for in-depth information or attend them all to gain the most comprehensive knowledge about the latest event, choice is all yours

PayTabs

PayTabs is an award winning, B2B Saudi-based company that facilitates processing of online payments securely and efficiently in 168 currencies. PayTabs offers clients services to seamlessly ‘plug and play’ various features on to their websites. It prides itself on offering simple and efficient invoicing services for merchants and professionals.

If you are a small or medium business or even a large enterprise that is looking for an affordable payment gateway for your business and want to talk payments during the event; the PayTabs Egypt team will be on hand to answer all your questions. So visit the PayTabs booth at the event, grab yourself a cupcake and talk to the local team about how their global payment solutions can help power your business through.
Please also join PayTabs General Manager, Egypt Operations, Hany Soliman at a special panel discussion to find out the future of fintech in the MENA region on 7 December 2019.

4 years ago
The Saudi Fintech Tour
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The Saudi Fintech Tour

Fintech is the short form of Financial Technology and is used to describe the use of technology for the purpose of facilitating financial transactions. However, it is not a new phenomenon as technology has been used by financial services for a long time. However, with the advent of internet and mobile use, the integration of technology and finance has reached a new level. Some of the most prominent examples of fintech products are Automatic Teller Machine or ATMs, mobile banking, Point of Sale machines and Credit Cards.

Fintech is making great strides in Saudi Arabia as people and businesses embrace the new changes. Fintech has received positive inducements from the rise in general economy and innovations in technology. This new trend has helped firms to grow their businesses by providing new services and products to their clients and other stakeholders. In order to ensure that fintech is fully adapted, it is important to create awareness among public and industries about fintech tools.

Evolution of Fintech

While there is no formal definition of fintech, it may be described as the application of technology for improving various financial activities. Thus, fintech may exist in the form of a business model, an application, a product or a process. Though, most of the time fintech involves use of internet, but it is not a necessary ingredient.

Fintech has seen steep increase in its usage and popularity since the mid-2000s. some of the main milestones in the journey of fintech are the launch of Apple iPhone in 2007 and the increased use of cloud computing. The launch of iPhone is a significant landmark as it heralded the era of smartphones. As smartphones became more commonplace and affordable, the use of internet banking also increased. This development allowed the financial services firms to target clients which were earlier inaccessible due to their geographic location.

Similarly, the developments in cloud computing area ensured that the financial services firms are able to store and transmit the data in a secure manner. For financial services, maintaining the integrity of sensitive data is highly important. It is also required to keep up prompt access to the data to provide fast and smooth services. All these prerequisites were facilitated by cloud computing.

Apart from these two factors, there are several other growth drivers, pushing the fintech market ahead. Today’s customers are less rigid about their financial services practices and are more amenable to using newer technologies. This willingness to embrace change made it easier for financial services firms to roll out new innovations. Further, the sector has seen interest from institutional investors as well. The injection of capital in the area allowed the firms to invest in research and development activities, ensuring that the newer technologies are developed at a fast pace. All these factors combined to make fintech mainstream in a short period of time.

About the Fintech Tour

Fintech Tour organized by Fintech Saudi is a cluster of events and activities hosted by Fintech Saudi’s partners to spread knowledge about fintech and support the development of fintech companies. To date, the Fintech Tour is the largest cluster of fintech events to take place in the Middle East.

Fintech Tour 19 will take place from 1st December – 12th December 2019 across Saudi Arabia and in selected international cities.

Themes this year are spreading fintech knowledge and accelerating fintech entrepreneurship

The Tour will consist of community events and workshops (open to everyone) organized in different cities by Fintech Saudi’s partners related to the themes. Fintech Tour 19 promises to be the most high-profile series of fintech events to take place in Saudi Arabia as it is an effective way to engage with the Fintech Community and other stakeholders.

About PayTabs

PayTabs is proud to be a part of the Saudi Fintech Tour, spreading knowledge about fintech. Join a workshop on the Future of Payments in KSA, presented by Ali Alshehri, Country Manager, PayTabs KSA. Register for the event here:

4 years ago
RAK International SME FAIR
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RAK International SME FAIR

To provide an opportunity for small and medium-sized enterprises to showcase their products and network, RAK SME together with RAK chamber and RAK expo have organized an international fair. It is scheduled to be held from 14 to 16th November 2019 at the Ras Al Khaimah exhibition centre in UAE

The fair will be attended by over 200 exhibitors from different countries, providing an excellent opportunity for businesses to collaborate. Participants will also be able to listen to business pioneers and leaders via informative workshops and panel discussions.

Meet & Collaborate

While SME events are a common way to achieve new sales and meet prospective clients, RAK International SME FAIR offers several unique advantages

  • Targeted Approach: RAK International SME FAIR follows a very targeted approach to provide specialized services. The event restricts itself to a well-defined number of categories so that each segment is well represented. The main sectors participating in this fair are food & beverage, energy & sustainability, technology & entertainment and furniture & office supplies. Apart from these sectors, the fair is also going to witness participation from businesses that engage in healthcare, wellness & medical segments, trade & business and beauty & cosmetics. The fair will also encompass several other industrial segments to provide a holistic view of the small and medium scale enterprise market in the UAE and globally.
  • New Products & Services: The key objective of the fair is to provide a platform to SMEs to showcase their new products, services and integrated solutions. As businesses from a large number of industries converge at the event, participants will get an opportunity to fulfill their business requirements under one roof. Whether you are looking for legal services for your new business or you want to develop software for your operations, rest assured you will get a wide range of options to explore here.
  • Networking: The fair is set to attract over 200 participants from a wide range of industries. The occasion thus offers a great opportunity to revive old ties or form new alliances. Attendees will get to interact with representatives from diverse number of industries. So, If you are looking for new collaborations within your industrial segment or are planning to enter a new business field, here, you can meet people with expertise in different areas to widen your horizons.Masterclass sessions on business expansion and sustaining SME growth will be particularly useful.
  • Learn New Developments: As this fair is a platform to let exhibitors and visitors interact, it offers a great opportunity to learn about new market developments. Here too, masterclasses and workshops on innovation and facing the future will prove to be relevant to the audience.

 

PayTabs participation at the RAK International SME FAIR

PayTabs is a leading B2B payment processing service provider in the region. The business is set to showcase its payment gateway solutions at the RAK International SME FAIR over the three days. Drop by, speak to the team and learn more about how they can power your payments, globally.

4 years ago