Al Jouf: PayTabs eyes larger market presence in 10 years
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Riyadh – Exclusive Sharikat Mubasher: PayTabs Group, the award-winning payment solutions provider, plans to broaden its market share in the GCC region and Arab countries within the next 10 years, Founder and CEO Abdulaziz Al Jouf told Sharikat Mubasher on the sidelines of 24 Fintech conference.
Al Jouf said that PayTabs not only expands into new markets but adapts to the different needs and infrastructures of each market to keep pace with the rapid transformation in digital payments across the Middle East.
The CEO affirmed that PayTabs’ infrastructure, launched six months ago, enabled the group to make projections about the volume of business in the Middle East.
He noted that the fintech market in Saudi Arabia and the region is up-and-coming, driven by the growing trend towards digital payments.
As a payment solutions powerhouse, PayTabs announced its plans to cross SAR 200 billion in payment processing volumes by 2025 to drive the payment economy in the Middle East and North Africa (MENA) region.
PayTabs Group participated in 24 Fintech as a bronze sponsor where it showcased the features of its orchestration platform via a real-time live transaction feed with visitors.
24 Fintech took place in Riyadh from 3 to 5 September and gathered regulatory bodies, policymakers, investors, technology experts, and industry leaders from around the world to discuss several topics, including, fintech regulation and governance, artificial intelligence and machine learning in financial operations, financial inclusion, and more.
